Workers will be stapled to the first super fund they join, rather than opening up a new fund with each job, under super reforms that passed the Senate this week.
Paying professionals to help manage your SMSF can cost you in the long run, especially when those so-called experts turn out to be anything but. When the fourth-largest super advisory firm in Australia started running its own investments, the fallout for clients was catastrophic.
Despite multiple funds, periods of unemployment and a year of maternity leave, my super balance is somehow more than double the average for a woman my age.
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