The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has reminded Australians of the considerable strength of the nation’s super system.
In the 2009 Federal Budget, the Government announced a temporary reduction in the matching rate and maximum contribution for the super co-contribution.
In the midst of a downturn, it’s difficult to recognise that the turmoil we saw in 2008 is a part, though an extreme one, of the normal investment market cycle.
Australians severely under-estimate the link between share market movements, their superannuation returns, and retirement income according to a survey released today by global consulting, outsourcing, and investment firm, Mercer.
The Mercer Super Trust has achieved the highest rating from independent superannuation ratings group SuperRatings, receiving a Platinum Rating for 2008.
Quick fix solutions to Australia’s superannuation system, such as tax cuts delivered as superannuation contributions, are not enough to ensure Australians have enough savings for a comfortable retirement.
If you’re currently aged 55 or more, you can transform a modest transition to retirement strategy by pulling the right levers, in the right combination at the right time.
