Telstra Super Financial Planning e-newsletter
01 Mar 2008
Welcome
Welcome to the first issue for 2008 of Telstra Super Financial Planning’s e-newsletter. Look for past issues of this e-newsletter one month after publication in e-publications. |
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Taxing time for investments When returns are strong, the tax you pay on your investments may not be a high priority. But with sharp falls in markets in recent times, the effect of tax on your investment assumes new importance. Review the factors that impact the amount of tax paid on an investment and how you can weather these taxing times.
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Keeping your head when everyone else is losing theirs When markets are volatile many investors react by trying to pick the market – moving their money into conservative asset classes and often missing out on the market recovery which inevitably follows. Read our tips on how to manage market volatility and maintain long term gains.
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To SMSF or not to SMSF?Self Managed Super Funds (SMSFs) have soared in popularity in recent times with record numbers of Australians deciding to set up their own fund. But is a SMSF right for you? Here we review the pros and cons of SMSFs as well as things to consider in determining if a SMSF is the right choice for you. More |
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Top Tips
Transition to Retirement
If you are 55 years of age and still working you may benefit from a 'Transition to Retirement' strategy. This gives you the flexibility to draw an income from your accumulated super to supplement living expenses, while at the same time salary sacrificing back into your super from your salary or wages. The benefits will vary depending on your own unique circumstances but the overall savings can be significant. Call us on 1300 033 166 for more information or email your request to book an appointment with a Financial Planner.
Getting back to basics
In times of extreme market volatility, such as we’ve been experiencing lately, it is easy to lose sight of your investment objectives. Getting back to basics can help to put things in perspective.
Super is a long term investment and maintaining a long term view is important. This is explored further in the article within this issue “Keeping your head when everyone else is losing theirs” which includes useful tips for managing market volatility.
More information on the principles of investing is also available on our Member Investment Choice pages. If you have any concerns about your chosen investment strategy, book an appointment with a Financial Planner to discuss your situation.
What's new
SuperRatings awards
Telstra Super was nominated as a finalist for the SuperRatings 2008 Fund of the Year. This is a significant achievement with only 10 of the 240 superannuation products assessed by SuperRatings receiving a nomination.
In addition to this great result, Telstra Super has received a SuperRatings Platinum rating for the third year running, placing us among the best 15% of Australian superannuation funds surveyed for 2008.
Both awards are judged on funds that offer the best ‘Value for money’ to members across key assessment criteria. Telstra Super’s offerings saw the fund rate well above the benchmark in areas of key importance to members, including investment returns, fees and charges and advice and education.
SuperRatings are an independent Australian research company whose research covers over 500 of Australia’s largest multi-employer super funds, personal super and pension funds.
2008 Investment Stewardship Award
Telstra Super has also been awarded the 2008 Melbourne Financial Services Symposium (MFSS) Investment Stewardship Award in the Superannuation Funds category.
The judging panel awarded the prize to Telstra Super in recognition of its strong performance over a number of years, its innovative and proactive approach to investing, its excellent governance structure, a strong and stable internal investment team and excellence in member communication and service.
A further fee reduction!
As part of Telstra Super’s commitment to maximising value to members, we are pleased to announce we have lowered our fees for the fourth time in four years!
From 1 March 2008, the administration fee on Telstra Super Personal Plus and Telstra Super RetireAccess® dropped from 0.7% to 0.6%.
Our administration fee rebate continues to operate, whereby administration fees on the amount of an account balance that exceeds $500,000 will be rebated each month*. The administration fee rebate is also available to eligible couples whose combined Telstra Super Personal Plus and/or Telstra Super RetireAccess account balance exceeds $500,000.
* Rebate will be calculated on the amount of an account balance that at the end of the month exceeds $500,000.
Changing your subscription
If you do not wish to receive future Telstra Super Financial Planning e-newsletters, change your subscriptions here.
This newsletter contains general advice, not taking into account your objectives, financial situation or needs. Before acting on this advice you should determine if it is appropriate for you. Before acquiring a product, first read its Product Disclosure Statement.
Telstra Super Financial Planning Pty Ltd (ABN 74 097 777 725), referred to as Telstra Super Financial Planning, is an Australian Financial Services Licensee (Licence no: 218705).