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Tag: superannuation

Why You Shouldn’t Dip Into Your SMSF for Christmas

The festive season is a time of joy and giving, but it can also bring financial stress. 

With the added pressure of bills and buying presents, some SMSF (Self-Managed Super Fund) members may consider accessing their superannuation early to ease the strain. While this might seem like a quick fix, dipping into your SMSF outside of strict legal conditions is not only prohibited but can lead to severe financial and legal consequences.

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The Pros and Cons of Insurance within Superannuation

Insurance within superannuation is a valuable option that many Australians use to help protect their financial security. While there are clear benefits, it’s important to consider both the pros and cons to decide whether holding insurance within superannuation is the right choice for you.

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Understanding the Risks Associated with Superannuation

Superannuation is one of the best ways to save for retirement, but it’s not without its risks—especially if you’re between 40 and 60 and starting to think about winding down your working life. 

From market volatility to outliving your savings, there are potential bumps along the way that can affect your retirement plans. 

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Superannuation, The Self-Employed & Contractors

If you’re a contractor, freelancer, or self-employed, you’re probably already juggling multiple responsibilities, from managing clients to keeping track of your income.

One area that often gets overlooked is superannuation, but it’s crucial to think about your future.

Even though you may not have an employer making regular super contributions on your behalf, you can still take control of your super to ensure you’re building a nest egg for retirement. 

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