While superannuation is considered an important financial safety blanket for the future, it has been revealed that there is still a significant gap between males and females. According to Roy Morgan, men who hold a superannuation fund have an average balance of $158,100 in the year to June. However, women still trailed by close to 35 per cent, with the year average sitting at $101,900. It is important to note that the gap is closing. In 2005, the percentage gap was just under 45 per cent with this reducing by around 10 per cent in the last decade. Industry Communications Director at Roy . . .

Establishing a trusted and reliable superannuation provider is of the upmost importance for Australians – given the rising cost of living. However, with many different providers in the market today, most Australians need an element of assistance in making the right decisions for themselves and their families. This fact is reinforced by the results of a recent Roy Morgan Research poll. Collected over five years with the thoughts of 250,000 Australians, the ‘Superannuation and Wealth Management in Australia’ report offers much insight into the world of superannuation. According to the results, 72 per cent of Australians who changed superannuation provider . . .

The end of the 2014-15 taxation year is approaching fast and now is a good time to review the contributions that employers (including Oncore) have made to your super fund/s. The best way to check what has been contributed for you is to create a myGov account and link to the ATO to see details of all your super accounts, including any you have lost track of or forgotten about, such as ATO-held super. It’s important to regularly monitor the contributions made to your super fund if you don’t want to inadvertently exceed your concessional cap. An individual has a cap on . . .

Last month’s budget announcement was big news in Australia, taking over our radio, news stations and water cooler conversations. The most important thing to really know about it however, is how does it affect you? Our Wealth Management team have collated and compiled the relevant information for you that’s come out of the budget so you can see it laid out clearly. Here are some of the big proposed budget changes regarding superannuation and personal tax that could affect you.  SUPERANNUATION Along with the Super guarantee set to increase to 9.5 per cent on 1 July 2014, there are additional . . .