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8 votes
Accepted

How Safe and Legitimate is Just Sort My Super

It's a cold call, and you don't even know whether they're really who they say they are. The experience with the recent Medibank Private cyber attack shows that even if you don't sign up with them, ...
Lawrence's user avatar
  • 9,362
8 votes

How Safe and Legitimate is Just Sort My Super

There is no ownership data available for justsms.com.au. Their Facebook page has only 16 likes. That's a pretty large fee they're seeking. They're cold calling. I'd say that they are new and sketchy ...
keshlam's user avatar
  • 48.2k
3 votes
Accepted

What does income inclusive or exclusive of super mean?

Superannuation basics Superannuation, or 'super', is money put aside by your employer over your working life for you to live on when you retire from work. ... Your employer is required to pay a ...
jcm's user avatar
  • 246
3 votes
Accepted

How to find out where my superannuation is invested

Your super fund should be able to provide the mix of investments and their weightings for the investment option you have chosen. It should be readily available on their website but may be hard to find ...
Victor's user avatar
  • 21k
3 votes

Personal Contribution to Superannuation Plan

For the difference of $8000/year, I would probably find a better use for the money. Where I live, I could buy an annuity that would make up the difference for a little over $100K. With your added ...
NL - Apologize to Monica's user avatar
3 votes

Withdrawing income from a self-managed super fund holding a rental property?

When you start accessing an income stream from your super there is a minimum amount you must withdrawal each year depending on your age. Basically the older you get the higher the percentage of your ...
Victor's user avatar
  • 21k
2 votes

Optimising super contributions, with intent to buy a house

Note that you cannot contribute more than $27,500K per year(was $25,000 until 30 June 2021) into your super fund as concessional contribution (pre-tax contributions). You can however contribute an ...
Victor's user avatar
  • 21k
2 votes

Superannuation investment over 25 years

The problem with small super account balances is that any annual returns would usually be eaten up by fees, especially if it was a retail fund (which usually have higher fees). That is why the best ...
Victor's user avatar
  • 21k
2 votes

Australian superannuation funds holding bitcoin?

You have to compare the costs of various SMSF providers, which should be able to bundle the compliance audit in their costs. There could still be ambiguity around the cryptocurrency or blockchain ...
CQM's user avatar
  • 20.2k
2 votes
Accepted

New super account does not show up on Tax office info

One thing you didn't mention is how long ago you moved to BAR. If it was recent, it's feasible that the data just hasn't made it through to the ATO yet. However, having said that, the ATO's general ...
Tim Malone's user avatar
2 votes

How should I research Super funds?

It sounds like you're in a place where you can (almost) set-and-forget your super. As Victor said in the comments, you should choose an industry fund instead of a retail fund, so that fees don't eat ...
Tim Malone's user avatar
2 votes

Put savings in Shares or Superannuation

It you salary sacrifice or claim a deduction on personal contributions, you will pay less tax for every dollar if you are in the 19% tax bracket or a higher tax bracket (as the tax on the ...
Victor's user avatar
  • 21k
2 votes
Accepted

Personal contributions to Super as a freelancer

The $25,000 Concessional Cap includes the sum of your employer Super Guaranteed Amounts (currently 9.5%), any Salary Sacrificing Amounts and any Personal Contributions Amounts you make and claim a Tax ...
Victor's user avatar
  • 21k
2 votes
Accepted

Personal Contribution to Superannuation Plan

Just to clear a few things up first, if you are going to be a self funded retiree you can retire from age 60 and have up to $1.6M in a super pension fund earning you tax free income. If you want to ...
Victor's user avatar
  • 21k
2 votes
Accepted

Why does the ATO have "unclaimed super", should I do something about it?

According to the ATO website: https://www.ato.gov.au/individuals/super/growing-your-super/keeping-track-of-your-super/ato-held-super/ They hold the money for you in a non-investment account for up to ...
coagmano's user avatar
  • 346
1 vote

What does income inclusive or exclusive of super mean?

Super is short for superannuation. This is a compulsory retirement fund that your employer must contribute to. Most employment in Australia will result in your employer paying super, although there ...
Robert Longson's user avatar
1 vote
Accepted

ETFs/Index Fund vs Superannuation

A Superannuation fund is simply an investment vehicle. It can contain ETFs or Index funds inside it. You can buy units in a Retail or Industry Superannuation Fund and contribute to it, either through ...
Victor's user avatar
  • 21k
1 vote

What exactly is an Indirect Cost Ratio?

The ICR is your annual fees as a percentage of the balance of your capital in the fund. The ICR provides a way for you to compare the fees associated with different retail funds. You can then ...
Victor's user avatar
  • 21k
1 vote

Saving for a house/saving in general vs putting my money in Super vs paying off my student loan

Generally you should pay of your debt first, even thought the interest is not that high it is still not deductable, meaning your paying any interest accumulated on the debt with after tax dollars. If ...
Victor's user avatar
  • 21k

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