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canada goose clearance sale SUPERANNUATION is the second biggest asset you’ll ever have, after a house, so it’s absolutely imperative that you take an interest, understand and actively manage it. Just because it’s not readily accessible until retirement is no excuse to be ignorant. canada goose clearance sale
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LIFEHACKS: How to save big on fuelEmployee contributions usually make up the biggest portion of super accounts canada goose outlet trillium parka black so it important to ensure that the right amount is being paid in. Most employers are spot on but some in canada goose outlet financial trouble have been canada goose outlet in uk known to making contributions. canada goose outlet in canada Double check to be safe.
Canada Goose Outlet Pay slips usually detail contributions but, if not, check your super statement. If anything is askew ask canada goose outlet in new york your employer and if that doesn get to the canada goose outlet england bottom of it then talk to the Australian Taxation Office. Canada Goose Outlet
Canada Goose Parka Paying your compulsory superannuation is as important as your boss deducting tax instalments and passing them on to the Australian Taxation Office on your behalf. Failing to pay superannuation is a serious offence. Canada Goose Parka
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Member statements are a rich source of information that must not go express to the recycling.
canada goose black friday sale They are sent out at least once a year and detail the start and end balance of your super over the period, contributions paid into the fund, any insurance or management costs, tax taken out and the value of canada goose outlet los angeles investment returns. canada goose black friday sale
canada goose uk black friday The first page usually summarises account balance and performance compared to last period. The in each investment option are like shares in a company. The number of units will increase with the more contributions you make, but the price will fluctuate. canada goose uk black friday
canada goose clearance The second page details what options you invested in. Specific details of the investment options are found in the annual fund booklet and on the website. Choosing an appropriate portfolio is crucial so dig a bit deeper to see exactly cg-jacketsale what your money is invested in. canada goose clearance
Insurance is also set out here. It usually a default inclusion in every account but can be a big drain if you only have canada goose outlet michigan a small balance. It also obsolete if you covered by another policy so make sure the cover suits your circumstances.
canada goose factory sale There will be deductions for management and administration fees too. As a rule of thumb these fees shouldn exceed canada goose outlet ottawa 1.5 per cent of a balance under $100k or 1 per cent of a canada goose jacket outlet sale balance over $100k. Do a rough calculation to make sure fees aren abnormally high. canada goose factory sale
The phone number at the top of the statement can be called to request further information and explanations at any time. Funds employ financial advisers exclusively for this canada goose outlet store uk purpose so if there anything you unsure about give them a call. Contributions are correct and statements are understood. Time to get proactive about managing your super.
cheap canada goose uk This is where most superannuation fund investors come unstuck they simply don know what option they have their money in. A few years ago we had one friend close to retirement who was beside herself with the losses on her fund. She didn know her money was in the canada goose outlet in toronto growth option which was solely invested in local and overseas shares. This option was canada goose outlet uk sale being hammered by a sharemarket crunch. cheap canada goose uk
Funds offer a range of options commonly described by terms like and These will all have different proportions of shares, property, fixed interest and cash investments.
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buy canada goose jacket Dig into each option with consideration of your age, comfort with investment risk, how long you have until retirement and how much you need to fund that retirement. Young people can afford a higher risk portfolio canada goose outlet legit while those closer to retirement age should opt for a more conservative one. buy canada goose jacket
canada goose store Also take into account investments outside your super. If there are already some risky investments in your portfolio then look at a conservative approach to super, and vice versa. canada goose store
If one single investment option doesn suit then consider splitting your super across a few different options. For example 50 per cent in conservative, 25 per cent in growth and 25 per cent in a balanced option. These modifications are usually free and easy to do so use them to make sure that you comfortable.
Understanding and proactively managing your super investment can have a big impact on the lump sum when canada goose outlet mississauga the time comes to cash out. But get some independent financial advice to find the right mix for you. This is canada goose outlet eu particularly canada goose clothing uk true for highly mobile Millenials and Gen Ys.
buy canada goose jacket cheap This means multiple management fees, insurance premiums and paperwork whittling down super balances. Set aside one canada goose outlet miami evening to track down all your old super accounts and consolidate them into the lowest fee and best performing account. Take this with you to every new employer buy canada goose jacket cheap.