"Is it possible to save all of my wages into my super?" Connie wants to know. It's a "ripper idea", says Paul Clitheroe, but unfortunately there are caps in place.
AustralianSuper copped the highest number of complaints in the last six months of 2023, nearly three times more than other major super funds like Cbus, Australian Retirement Trust, and Aware Super.
Ruth and her husband owe $150,000 on their house, so why can't she cash out her super to pay it off? "Why do I have to wait until I'm 60? Won't it save me money?"
Knowing you have life and TPD insurance through your super is reassuring. But your fund doesn't know your particular needs. It's up to you to adjust your cover.
Moneymag.com.au is the new home of SelectingSuper's tools and resources.
You can access the same great content - including performance tables, fund profiles and easy-to-understand information - through the superannuation menu.
Plus, browse the news section to read the latest on superannuation plus tips for making your dream retirement a reality.
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