pension

Federal Budget 2018: what it may mean for your super and retirement

The Turnbull Government announced the 2018-19 Federal Budget on Tuesday, 8 May 2018.

Removing compulsory life insurance from the superannuation accounts of young people and reuniting many Australians with their lost or inactive accounts were key measures.

For retirees, the focus was on helping both pensioners and self-funded retirees boost their income, with the Government expanding the Pension Work Scheme and allowing more people to access Centrelink’s Pension Loans (home equity release) Scheme.

STRONG INVESTMENT PERFORMANCE CONTINUES THROUGH FEBRUARY FLUCTUATIONS

In early February we saw significant falls in share markets, including sharp falls in the US, but markets recovered throughout the month. Australian super funds were not immune to the impact of these falls.

Media Super’s Balanced options experienced modest losses for the month of February (-0.19%^ for the Balanced MySuper option and -0.29%^ for the Balanced pension option) but we’re still on track to deliver our members solid returns for the financial year and beyond.

STRONG INVESTMENT PERFORMANCE TO START THE YEAR

In 2018 we are continuing to deliver strong investment returns for our members.

Our Balanced (MySuper) option – in which most members are invested – returned 7.04%^ for the financial year to 31 January 2018, ahead of the median return of 6.88%.*

The pension Balanced option also performed strongly, returning 7.70%^ for the financial year to 31 January 2018, ahead of the median return of 7.35%.**

Media Super – a top 10 performer

Throughout the first three months of the new financial year, the global economy continued to display positive signs and Media Super is off to a strong start for our members, with both our super and pension returns in the top 10 of Australian super funds.*

Our Balanced (MySuper) options – in which most members are invested – returned 1.99%^ for the financial year to 30 September 2017, well ahead of the median return of 1.57%.*

Investment strategy hits the right note with strong 2016-17 returns

Despite a year of global political and economic uncertainty, Media Super’s investment strategy delivered strong returns for members. Investment returns for both our super and pension (default) Balanced options finished in the top 15 Australian super funds.*

The financial year began with investors finding their feet in a post-Brexit global economy. Australian super funds were affected short-term but losses were recovered in the following months, as the immediate-term impacts were predominantly confined to the UK.

Strong returns continue through May

As the end of the financial year draws near, Media Super is continuing to deliver strong returns for our members, placing our super and pension returns in the first quartile of Australian super funds.*

Our Balanced (MySuper) option – in which most members are invested – returned 11.36%^ for the financial year to 31 May 2017, ahead of the median return of 10.31%.*

The pension Balanced investment option also continues to perform strongly, returning 12.31%^ for the financial year to 31 May 2017, ahead of the median return of 10.97%.**

Federal Budget 2017: what it may mean for your super and retirement

On Tuesday 9 May 2017, the Turnbull Government handed down the 2017-18 Federal Budget. Measures to tackle home affordability were a part of this year’s Federal Budget, with two of these measures directly involving superannuation, including a newly announced First Home Super Saver Scheme and a scheme to facilitate downsizing among older people. 

Subject to legislation, these measures have different starting dates, some are effective immediately or on 1 July 2017, and others in the years following.  Below is a summary of the key changes.

Media Super’s top 10 performance

After finishing in the top 10 super funds for 2016#, we’re continuing to deliver solid investment returns for our super and pension members this financial year. 

Media Super’s Balanced (MySuper) option – in which most members are invested – returned 9.60%^ for the financial year to 31 March 2017. This places the Balanced option’s returns ahead of the median return of 8.31%* and in the top five Balanced investment options of Australian super funds. 

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