It’s been a difficult year in super…
so it’s more important than ever to make sure every cent counts!
There’s no doubt your super’s had a tough time of it over the past 18 months or so. And it’s during times like these, when there seems no easy way for your super to get ahead, that every cent counts.
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Super continues to stack up as a great long-term investment
Despite all that’s happened on markets, over the long term super still remains one of the best and most tax-effective ways you can save for your retirement.
At the end of one of the worst financial years for global share markets, the AUSCOAL Super Balanced investment option still returned 4.94%* per annum for the five years ending 30 June 2009... and this is after fees and taxes.
And did you know…
- Research by SuperRatings shows that the average annual return from balanced investment options since compulsory super started in 1992 is 6.7% every year… even after the falls of the past 18 months or so! That is 4% above inflation over the same period.
- Looking at it another way, if you’d invested $20,000 in 1992 it would be worth about $60,000 today. That’s down on what it would have been worth before the latest financial crisis, from about $70,000, but it’s still triple your money!
*Past performance is not necessarily an indication of future performance.
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Three easy things you can do to make every cent of your super count
1. Combine all your super in one fund, 2. Take advantage of all the ways you can tip money into your super, 3. Invest for growth.
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Budget changes make getting the most out of your super more important than ever
Changes in the government’s recent budget mean it’s now more important than ever to make sure you’re doing all you can to maximise your super savings. There’s four things in particular from the budget that you should know about.
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Investment news … new manager lineup for our bonds asset class
There are now 11 managers (up from five) along with a greater mix of bond investment styles, approaches and sectors.
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Are you expecting a government co-contribution this year?
The Australian Taxation Office (ATO) has advised us that there could be a delay in the government making these contributions to your super due to problems with their systems.
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Member seminars in September and October
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Making the most of the ‘super’ recovery... find out when we’re visiting a location near you!
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