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According to chief market strategist at CMC Markets and host of The Artful Trader podcast Michael McCarthy, there are certain investor personality traits that seem to predict success in the share market.

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In this episode of the nestegg Podcast, Michael joins host Grace Ormsby to outline exactly what these characteristics are, the difference between high-risk and low-risk appetites, and how investors can apply different strategies depending on their own personality type.

Michael also explains how fear can be both helpful and a hindrance for confident decision-making, why failure is a crucial process for investors seeking growth, and where budding investors can begin educating themselves about the markets.

Thanks Matthew, for sharing your insights with the nestegg podcast team!

You can keep up to date with what CMC Markets are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Saturday, 25 January 2020

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Retirement

Women starting a family benefit most from super scheme

By Cameron Micallef · January 09 2020

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Retirement

Women starting a family benefit most from super scheme

By Cameron Micallef
January 09 2020

Reading:

Women starting a family benefit most from super scheme

By Cameron Micallef · January 09 2020

Reading:

Women are the biggest recipients of the low-income super tax offset, with the number of females eligible for the tax break increasing significantly around the time they start having children, new research has found.

Results of 174,000 customers data by AMP found that women between the ages of 18 and 54 are twice as likely to receive the low-income super tax offset than men.

The low-income tax offset effectively provides a tax refund for low-income earners straight into their super fund up to $500 per financial year, eligible for people earning under $37,000 or less saving into their super.

John Perri, AMP’s technical strategy manager, said the results show that the tax offset is helping Aussies on a lower income get ahead.

“We know women retire with less super than men due to a range of factors. Women are more likely than men to take time out of the workforce to care for small children and often return to part-time lower-paid roles, where they haven’t had the benefit of pay increases and promotions while they’ve been on leave.

“Although the low-income tax offset is a small amount, every little bit counts when it comes to increasing your superannuation balance.”

“Super is built on compounding interest, so the more you contribute at an early age, the more likely your balance will grow over time, subject to market fluctuations,” Mr Perri explained.

The results also revealed younger Australians on a lower income are taking advantage of the scheme.

“It’s interesting to see Generation Z are also benefiting from the low-income tax offset. These Australians have time on their side when it comes to saving into super.”

A $500 tax offset today could be worth significantly more when you consider the impact of compounding interest over the next four or five decades,” Mr Perri concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.