Ep 82 | What Most Australian's Get Wrong About Superannuation

Ask a question or send feedbackAden Wilkins sits down with Jemma Sanderson from Cooper Partners and Kathryn Creasy from Capital Partners to unpack superannuation, the one asset almost every Australian owns but very few actually understand. They dig into where super came from, the myths that trip people up, and the tax rules that can quietly add hundreds of thousands of dollars to your retirement.If you enjoyed this episode, make sure to comment, like and subscribe to never miss an episode!In today's episode: Why a small contribution decision in your 20s can outweigh much bigger contributions made later in life.The real difference between industry, retail and self-managed funds, and how to think about which suits you.Why your will does not control your super, and the estate planning trap that catches many families.How the new Division 296 tax works, including the three million and ten million dollar thresholds.The contribution strategies that let you move large lump sums into super when life allows it.------------------------------------------------------------------Follow David Andrew:LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/Capital Partners: https://capital-partners.com.au/team-members/david-andrew/Follow Aden Wilkins:LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/Follow Capital Partners on socials:Facebook: https://www.facebook.com/CapitalPartnersPWA/LinkedIn: https://www.linkedin.com/company/capital-partners-3/Instagram: https://www.instagram.com/capitalpartnersprivatewealth/------------------------------------------------------------------Chapters:(0:00) Welcome and Wins of the Week(3:36) What Superannuation Is and Where It Came From(6:50) Why So Few People Know Their Super Balance(11:40) Risk, Growth and Choosing How Super Is Invested(14:25) Industry, Retail and Self-Managed Funds Explained(18:05) Myth One, Super Only Matters Near Retirement(19:40) Myth Two, Employer Contributions Are Enough(23:30) What Happens To Super When You Die(24:48) Will The Government Just Change The Rules(29:00) The Tax Concessions And Why They Matter(36:20) Contribution Caps And Getting Money Into Super(44:25) Division 296 And The Transitional Year Ahead(53:00) Final Advice And Where To Start------------------------------------------------------------------The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!We draw on over 30 years of experience from David Andrew and the Capital Partners team.For more information on Capital Partners' award winning team, visit capital-partners.com.au. Have a question? Email us [email protected] episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances. Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.