Alison Banney
Banking and Investment Editor at Finder
Banking & investment editor 💰 Tweet about personal finance, politics, sustainability & social justice issues. Views my own.
Articles
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1 week ago |
finder.com.au | Alison Banney |Richard Whitten
On average, super funds have returned around 5-7% p.a. over the last 10 years. High-growth super options have earned higher returns over the long-term. The majority of top-performing funds are industry super funds. All super funds invest your money differently, so their performance returns will differ too. Super funds also offer a wide range of different investment options that are broadly categorised into different risk levels.
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1 week ago |
finder.com.au | Alison Banney
SPECIAL OFFER: 4.60% p.a. for 6 months!For a limited time, new customers can lock in a special fixed rate of 4.6% for a 6 month term with First Option Bank. This offer is only available on new funds into the bank, and for investments of $1,000 or more. Key features Range of term lengths You can invest your cash in a First Option Bank term deposit for as little as 3 months, or up to 2 years.
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1 week ago |
finder.com.au | Alison Banney
The superannuation rate is going up to 12% on 1 July, which will give the average worker an extra $500 towards their balance this financial year. Good news for Aussie workers: the super guarantee will increase to 12% on 1 July 2025. The super guarantee rate is the amount that your employer is legally required to pay you towards your superannuation each year. Currently it's set at 11.5% of your annual earnings, but will jump up to 12% at the start of the new financial year.
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2 weeks ago |
finder.com.au | Alison Banney
You can reduce your taxable income and boost your super balance at the same time - here's how. If you've been thinking about adding some money into your super, you should do it now. By making a personal, voluntary super contribution you can claim a tax deduction for it in your tax return this year. This is a double win - because you not only reduce your taxable income for the financial year, but you're boosting your super balance at the same time.
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3 weeks ago |
finder.com.au | Alison Banney |Sarah Megginson
Women have, on average, 20% less superannuation than men. The main reasons for this include the gender pay gap and the fact women take more time out of paid work for caring responsibilities. It’s important to ensure you’re in a low-fee fund, and to make extra contributions if you can. The average super balance for women over 15 is $150,922, while for men it’s $189,892, according to ASFA data. That’s a superannuation gap of 20.5%.
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RT @JoshButler: Pretty sick of living through these “once in a lifetime”/“one-in 100-year” weather and economic events every couple of year…
Pretty crazy news, with neobank Xinja closing its bank accounts and returning its banking license. If you're a customer here's what you need to do: https://t.co/HaBvKx68CN
Have we tried turning The ASX off and on again?
