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Showing posts from July, 2017

Are You Starting Again?

For those of you currently working in the resources industry, you would no doubt understand that the potential downside is the punishing rosters and long periods away from home that can take a toll on your family and personal life. Sure, the money is good for the most part, but it comes at a cost. Unfortunately, many marriages suffer irreparably and many industry workers find themselves having to “start again” after relationship breakdown and divorce.  It can be an extremely difficult time and apart from the emotional strain, there’s the stress of having to rebuild financially.  Quite often, you may find yourself in a situation where you’re left with minimal assets and essentially must start again. In this situation, it’s critical to make sure you have your superannuation structured and invested correctly. If you’ve come through a divorce with your superannuation intact, it may end up being your biggest asset. You really need to get it working for you. The other issue is you need to …

BIG Change to Superannuation Landscape. Does it Affect You?

As of July 1st this year, Queensland’s largest and Australia’s second largest super fund, QSuper, will no longer be the only choice for Queensland’s largest employer, the Queensland Government.

The below is an excerpt from an email recently sent to all Queensland Government employees:
Colleagues,
From July 2017 you will be able to choose your superannuation provider.
This change aligns superannuation arrangements in the Queensland public sector to those that have applied to public servants in nearly all other states and the Commonwealth for some time.

So why is this such a big deal? Basically, it means that Queensland’s largest collective of employees now has access to Super Choice, a benefit that non-government employees have had access to for years.


The Queensland Government has over 215,000 full-time equivalent employees, to put that in perspective, Townsville is one of Australia’s largest urban centres with a population of around 190,000.


Whilst some public servants may choose …