Ursula Boorman


March 14, 2018

Should I pay off my mortgage or contribute to super?

One of the most popular questions we are asked by our clients is whether it’s best to pay off their mortgage first or salary sacrifice money into their super fund – or can they do both? The answer to this question is never the same considering that everyone’s needs are completely different, but we thought we’d provide an explanation with some examples to give you an idea of how both options work. It’s not really a sacrifice Salary sacrifice means arranging for your employer to pay part of your salary into superannuation instead of paying it to you in cash. […]
March 14, 2018

Rethinking retirement

A year ago The Economist magazine published an article about the ageing of the Japanese workforce, pointing to three very senior executives as examples. Today, those three executives are still at their jobs with the difference that they are a year older. Tsuneo Watanabe, editor-in-chief of the world’s biggest circulation newspaper, the Yomiuri Shimbun, is 91. Masamoto Yashiro, chairman and chief executive of Shinsei Bank has just turned 89 while Mikio Sasaki, chairman of Mitsubishi, is now 80. The Economist had commented that while people in most countries typically retire before becoming eligible for an age pension, Japan is an exception. The average retirement […]
March 14, 2018

Multiple super accounts erode savings

One of the simplest ways to make your retirement savings more efficient and less costly is to get rid of needless multiple super accounts. The vast majority of super fund members with multiple accounts unnecessarily pay multiple sets of fund administration fees and insurance premiums. These extra costs compound over time to eat away at retirement savings. Further, members with multiple super accounts may have difficulty keeping track of how their retirement savings are invested, their asset allocations, and whether their returns are satisfactory. This can lead to sacrificing returns year after year in a poorly performing fund. Lost super […]