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Autumn/Winter edition 2011

 
 

Your super and recent uncertainty on share markets

Over the past week or so share markets have fallen sharply. In times like this your confidence in your investment strategy could be shaken. Do I sell? Do I do nothing? Is now a time to buy?

If you’re uncertain or worried about your super, we recommend you get financial advice. And what better way to do this than through AUSCOAL Advice. Whether you're already an AUSCOAL Advice client or new to financial advice, our financial advisers provide free advice over the phone about your super investments. Give us a call on 1300 AUSCOAL (1300 287 262), Monday to Friday, 8am to 6pm, to make an appointment with a financial adviser.

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Got a super question? It’s now easier to find the answer
If you’ve visited our website lately, you may have noticed some changes.

In July we launched a brand new website with our members' needs in mind.

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Avoid an unexpected tax bill on your super contributions
The Australian Tax Office (ATO) has issued $400 million in tax penalties since the super contribution cap rules changed in 2006.

This financial year, make sure you don’t become one of the ATO’s statistics.

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Do you need to pay flood levy on your super payments or withdrawals?
If you're exempt, you'll need to provide us with a flood levy exemption declaration form.

The flood levy was introduced by the Federal Government for 2011-12 to help communities recover from recent natural disasters, however, some people are exempt. 
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Is Lotto the way to become wealthy?


Firstly, have you ever bought a ticket in the Lotto? Have you ever looked at the odds of winning? We look at buying a Lotto ticket every week for 47 years and what that does to your odds of winning verses putting this money into an investment. You might be surprised. Read more

A ripple can become a big wave over time. This analogy applies to much more than waves in the ocean. It also applies to money, where a little bit of thought and discipline each day can make a massive difference over time. Watch the video.

Note: By clicking on these links you'll be leaving AUSCOAL Super's website. We have no oversight of the information contained on The Gym website.

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Need to see us face-to-face?
Did you know we regularly visit regional mining centres to provide face-to-face personal financial advice?

We provide free advice on simple super-related issues, with more complex advice starting at just $110.

Over the next few months we’ll be visiting the following locations. 

 
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Missing anything?
Almost one in two super fund members have lost or unclaimed super, which means there’s nearly a 50% chance you’re missing some super. 

So what?
If you have lost super, you’re losing money. Not only are you paying multiple fees on multiple super accounts you don’t need, any amounts under $200 or classified as lost will be transferred to the Australian Taxation Office (ATO) and held in consolidated revenue.

What you can do about it
The government is serious about eliminating the millions of lost super accounts and has introduced some easy ways for you to track down your missing money.

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Contact Us
If you have any questions about this newsletter or your AUSCOAL Super account, you can contact us by email, phone, face-to-face or post.
 
In this issue
Your super and recent uncertainty on share markets
Got a super question? It’s now easier to find the answer
Avoid an unexpected tax bill on your super contributions
Do you need to pay flood levy on your super payments or withdrawals?
Is Lotto the way to become wealthy?
Need to see us face-to-face?
 
Quick Links
Visit The Gym for inspirational and independent financial information and tools to help you make better financial decisions and increase your confidence in managing your money.

Email us if you have an interesting super story to share. If your story's published you'll receive a $50 Myer gift voucher as a thank you.

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The information in this document is general in nature and doesn’t take into account your objectives, financial situation or needs. Before acting, you should consider whether the information is appropriate for you and read our Product Disclosure Statement. The information is based on our understanding of current Australian laws, including tax and super laws, and assumes these laws will remain unchanged. Issued by AUSCOAL Superannuation Pty Ltd | ABN 70 003 566 989 | AFSL 246864 trustee for the AUSCOAL Superannuation Fund | ABN 16 457 520 308. AUSCOAL Advice is the trading name of AUSCOAL Advisory Services Pty Ltd ABN 22 104 151 635, a Corporate Authorised Representative of the Adviser Network Pty Ltd ABN 25 056 310 699 AFSL 232729.

 
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AUSCOAL Superannuation Fund ABN 16 457 520 308