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If you have ever looked at your payslip and wondered where that extra amount labelled “super” goes, you are not alone. Superannuation is one of the biggest pots of money most workers will ever build, yet many people never really look at it until they are much older. Quick answer: Superannuation is money set aside during your working life to fund your retirement. Your employer pays it on top of your wages into a super…
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If you have ever looked at your super statement and wondered what kind of fund you are actually in, you are not alone. Most workers are placed in a fund by their employer and never give it a second thought. But there are two main types of super fund in this country — industry funds and retail funds — and the differences between them can add up to thousands of dollars over a working life.…
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A small business owner is the person who owns and runs a small business. They are the one in charge of the day-to-day work, the money, the staff, and the big decisions. If something goes well, they get the credit. If something goes wrong, they are the one who has to fix it. In short, a small business owner wears many hats. In a small team, the owner is often the manager, the salesperson, the…
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Your super is probably the biggest pile of money you will ever build, and most of it grows quietly in the background while you work. The good news is that a few simple moves can make a real difference to the final balance — and none of them need a finance degree or a big income. Here are the best ways to grow your super, from the easy wins you can sort out this week…
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Yes, you can have two super accounts. There is no law stopping you from holding super in more than one fund, and around 4 million Australians already do. But just because you can have two accounts does not mean you should. For most people, a second account means paying two sets of fees and two sets of insurance premiums for no extra benefit. In this guide, we explain how people end up with two super…