The earlier you can sort out super, the better. If you set yourself up with a healthy account now, your future superannuation balance is looking a lot brighter.

As the financial year ends, there is a super splitting strategy that happy couples can consider. Superannuation members could use something known as ‘contribution splitting.’ Contribution splitting is where one member of a couple transfers some of their benefits into their spouse’s super account.

In recent weeks we have discussed various Commonwealth responses to the Coronavirus. One response that has received relatively little ‘airtime’ is the announcement that people drawing account-based pensions from their super fund can reduce the amount they must withdraw in this and the coming financial year.

Amid the raft of measures announced by the Commonwealth Government last month, one of the more contentious was the decision to allow limited access to superannuation benefits to people who are ‘under-age.’…

Legislation passed in February 2019 has led to superannuation funds sending out letters to those with accounts which hold valuable personal insurance and have not received a contribution to the fund since October 2018.