Super Co-contribution Part 2 – How to do it www.nomoney.com.au  From Super co-contribution part 1  you have seen that the super contribution is a great way to use the government to help you boost your superannuation. OK so now we talk about how to actually get your super contribution. Most important is step 2 – [...]

www.nomoney.com.au  Super Co-contribution -the basics that everyone knows Most people know a bit about the super contribution –for low/medium income earners put in $1,000 and the government will match it.  But who has a spare $1,000? And I earn more than the $31,920 threshold (so I won’t get the full $1,000). How do I benefit? [...]

Two More Rules for Young people with Super 1. Don’t lose your super If you have had a few different part time jobs -you might have a few different super accounts.  - The $300 doesn’t seem like much now – but by the time you turn 60 it could have risen in value 10times (and why [...]

Invest for the long term – be a bit RISKY  You are investing for your retirement. You cannot access the money until you turn 60. You have until then to grow your super balance. After 60 (when you retire) you want to keep the money (you are less concerned with growing it). So AFTER then [...]

How your money goes into super Because super is low tax (taxed at 15% often when it goes in the 15% tax on earnings and often tax free now when it comes out) – the government have made sure that you can only contribute a certain amount each year (so there are limits to how [...]

 How Super & Managed Funds Work  Super is designed for people to be able to provide for themselves when they retire.  While it is a long time until I will be able to access my super, I think it is worth setting it up right so that I maximize the amount I will get in [...]

Super contributions to go up to 12% – by 2020 The Government has announced that based on the Henry Review that your employer will be required to put 12% away for your super in 2020. Read the fine print  http://www.futuretax.gov.au/pages/FairerSuperannuation.aspx What This Means for You 1. Your super just became more important Although it is a long time until you turn [...]

How to combine your super accounts (and stop getting mail from old funds) in about an hour and a half. Note you don’t have to go with your new employers super fund (although most people do as that is the easiest option). You can tell your new employer your existing fund details and they will pay [...]

So if you have shares that dropped in value 20% (or 1/5th of its value) how much would they need to rise to get back to the original value?