Government support recipients will receive two separate economic support payments of $250, to be paid progressively from December 2020 and March 2021.
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Our view is that the decision to reduce risk needs to be traded off with the impact of potentially lower long-term returns.
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This gender super gap is caused by a number of reasons.
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Financial planning is a specialist profession and you should make sure that you’re getting advice from a professional financial adviser who is properly licensed and qualified.
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“Understand how superannuation works and what the benefits are”
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Any contributions into super are generally only accessible when you reach preservation age and retire. There are exceptions, such as under the First Home Super Saver Scheme.
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Self-managed superannuation funds (or SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of superannuation funds is that the members of an SMSF are usually the trustees. This means that the members of the SMSF run it for their own benefit and are responsible for complying with Australian superannuation and taxation laws.
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