pension

Your home and super - First Homes & Downsizing

In 2017, the Federal Government announced several measures related to housing affordability and superannuation – the First Home Super Saver scheme and the downsizing contribution.

First Home Super Saver Scheme

The First Home Super Saver (FHSS) scheme was introduced to help first home buyers save for a deposit faster by taking advantage of the lower tax paid within super.

Good advice is easy to find

Decisions about money, especially making sure we have enough of it, can be stressful. Good financial advice can reduce your anxiety about your retirement income and give you confidence about your financial wellbeing.

How can we help?

It’s our job to help you make the most of your retirement income, which includes providing you with the right advice throughout your working life and now that you’re retired.

A TOP 20 PERFORMANCE FOR MEMBERS

In a year of continued global political uncertainty and escalating tensions over trade agreements, we saw numerous periods of significant market fluctuations. Despite the ups and downs, Media Super has again delivered strong investment returns for our members, with both our super and pension Balanced option returns well ahead of the median for Australian super funds*. 

According to independent agency SuperRatings, the 2017-18 returns for Media Super’s Balanced (MySuper) option, in which most members are invested, ranked in the top 20.*

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%.*

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