What superannuation company are you using?

hotshot

<blockquote rel="icebreaker1928">AMP? parang ang sama basahin hehehe 😃</blockquote>

parang nagmumura hahaha

Metaform

Question regarding super for the unemployed. How do I go about making contributions for my wife who is currently not working? Should I go straight to the super company or do I need to talk to a government sector?

Nadine

Guys, ano po ba maganda superannuation company? Any inputs or experiences with your super?

Also, pwede naman mag-transfer ng superannuation company di po ba, kung hindi ako masyado satisifed sa performance ng super ko?

Thanks po sa mga sasagot!!!

P.S. Gusto ko din sana magtanong about self-managed funds, pero later na lang pag nakapag-basa na ako about it. Parang napaka-kumplikado ng SMSF.

TasBurrfoot

<blockquote rel="Nadine">Guys, ano po ba maganda superannuation company? Any inputs or experiences with your super?

Also, pwede naman mag-transfer ng superannuation company di po ba, kung hindi ako masyado satisifed sa performance ng super ko?</blockquote>

@Nadine, yes you can transfer or roll-over your Super to another company if you are not satisfied with the service... There may be a small fee so you can check on your existing super company on this.

There are various websites that rates the various supers in different criteria; one of them is <a href="http://www.canstar.com.au/superannuation/">http://www.canstar.com.au/superannuation/</a>; you may want to check on this... 🙂

TasBurrfoot

<blockquote rel="Metaform">Question regarding super for the unemployed. How do I go about making contributions for my wife who is currently not working? Should I go straight to the super company or do I need to talk to a government sector?</blockquote>

You can open naman an account with any super company; once your account is opened, you will be given information on how to go about making any contribution... No need to involve the gov't at this point.

TasBurrfoot

Balikan ko ito:

My super company is Mercer Superannuation Trust while kay wifey naman is Australian Super...

As we just started work and EOFY na, we will be eligible for gov't co-contribution as our income for 2012-2013 is very low. We are going to contribute $1000 in order to get a free contribution from the gov't of $500 - not bad for free money noh?

Sayang naman if hindi ma utilize! 🙂

Nadine

The govt announced that employers will increase superannuation contribution by 0.25% per employee come 1st July.

Tricky to, I think.

Kasi if the super you're receiving is included in your gross income as per contract, mababawasan ang effective take-home pay. Not good. Well, not bad either kasi it will go to your super pa rin naman. But most of us here are just starting a life in Au, we do need cash inflow right now. But if the super guarantee is over and above the gross salary, sobrang ok din naman to.

Any thoughts?

TasBurrfoot

<blockquote rel="Nadine">The govt announced that employers will increase superannuation contribution by 0.25% per employee come 1st July.

Tricky to, I think.

Any thoughts?

</blockquote>

Mababawasan ang take home ko I reckon... My super is built in to my annual salary - so instead of an addition .25%, ibabawas ito sa salary ko...

stolich18

@tasburrfoot kaka-register ko pa lang sa Australian Super. Nag-no ako dun sa 1K contribution. Can i still contribute pa ba? heheh Thanks!

TasBurrfoot

<blockquote rel="stolich18">@tasburrfoot kaka-register ko pa lang sa Australian Super. Nag-no ako dun sa 1K contribution. Can i still contribute pa ba? heheh Thanks!</blockquote>

deyns na... june 30 cut-off EOFY! 🙂

sayang din ang 500 sa gov't - free money...

stolich18

Hahaha ano ba yan!!!! Saktong sakto naman hahahh

Nadine

Tumitingin ako ng mga job openings ngayon eh at ang sinusulat na superannution ay 9.25% na!!

May isang salita ang gobyerno nila. Pinapatupad na nga ang bagong increase. Hehehe, nakakapanibago lang na tumutupad ang gobyerno sa sinasabi. 😃

icebreaker1928

kelangan ng makalipat sa mataas na sahod... maliit na takehome... bagsak pa aud tsk tsk..

Nadine

Tama kayo dyan @icebreaker1928 at @TasBurrfoot... Bababa talaga take-home natin. Hindi naman basta na lang mag increase ang mga kumpanya ng super at kukunin from their own pockets. Sa sweldo talaga natin kukunin yan.

mykdspyk

I just tried opening a Self Managed Super Fund (SMSF). Mukhang ok naman since I have the control on where to invest the money. Marami naman kasing investment option. Medyo na curious lang din kasi ako kasi most of my colleagues is having their own superfund. As of now, I'm waiting for my current super to be rollover on my SMSF. So if you are the type of person who want to have like a 'DIY' investment maybe you can try to open a SMSF.

Nadine

<blockquote rel="mykdspyk">I just tried opening a Self Managed Super Fund (SMSF). Mukhang ok naman since I have the control on where to invest the money. Marami naman kasing investment option. Medyo na curious lang din kasi ako kasi most of my colleagues is having their own superfund. As of now, I'm waiting for my current super to be rollover on my SMSF. So if you are the type of person who want to have like a 'DIY' investment maybe you can try to open a SMSF.</blockquote>

Thanks po for sharing.

Andami ko tanong about this, don't know where to start. Pero tama po ba eto na preferred nila married ka pag papasok sa isang self-managed super??

mykdspyk

@Nadine - hmm hindi naman. kaya lang kasi you need atleast 2 member para makapag start ng SMSF unless you are wiling to register a Company and you'll be the director. May dalawa kasing klaseng Trustee Type. Individual and Corporate Trustees. Pag individual ang pinili mo you need to have atleast 2 Trustee member up to maximum 4. Kung corporate naman, pwede isa lang kaso may mga additional pang registration kelangan kasi nga you need to register a company name.

TasBurrfoot

<blockquote rel="mykdspyk">@Nadine - hmm hindi naman. kaya lang kasi you need atleast 2 member para makapag start ng SMSF unless you are wiling to register a Company and you'll be the director. May dalawa kasing klaseng Trustee Type. Individual and Corporate Trustees. Pag individual ang pinili mo you need to have atleast 2 Trustee member up to maximum 4. Kung corporate naman, pwede isa lang kaso may mga additional pang registration kelangan kasi nga you need to register a company name.</blockquote>

@mykdspyk - I hope you are still monitoring this forum...

How is your self managed super fund doing? what are your asset allocation exposures?

TasBurrfoot

People, how are your super fund doing from last financial year?

As me and my wife are a big behind already in terms of super saving relative to local peers, we do a salary sacrifice every month in order to build up our retirement nest. Currently we are doing 7.5% of our gross salary.

Tax efficient din as that is taken our before tax and we only pay 15% of it - this is as oppose to your usual tax bracket.

It might change in the next couple of months depending on the situation (i.e. taking out a mortgage, having a family, etc...) but for now, this is what we are currently doing - lesser take home pay in lieu of a higher monthly super contribution.

TasBurrfoot

<blockquote rel="TasBurrfoot">People, how are your super fund doing from last financial year?

Tax efficient din as that is taken our before tax and we only pay 15% of it - this is as oppose to your usual tax bracket.

I guess people are not too interested in their Super performance, ehehehe!! 🙂

Happy Friday folks...

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