Most people do not know where to start when sorting out their superannuation fund and are confused by its basic terminology.
One such term, anecdotally, that TWU members are asking questions about is transition to retirement – which basically means that when people turn 55 years old they have the option of applying to have a small percentage of their superannuation savings made available to them each year prior to retirement.
The federal election campaign is in full-swing and many significant policies have been placed on the table. One such topic of interest to most members would be the major parties’ intentions with superannuation. The Age this week reported on foreseeable issues with the Coalition’s superannuation policy.