Temporary Access to Super
April 14, 2020
As part of the measures taken by the government to support those impacted by COVID-19 some people will be able to access up to $10,000 of their super between now and 1 July 2020, with a further $10,000 in the first three months of the 2020-21 financial year, tax Complimentary. Those who are eligible include…
Economic Stimulus Package – What it means for self-funded retirees
April 20, 2020
Federal Government’s second support package announced on March 22 offered assistance for self-funded retirees. Minimum drawdown rates for account-based pensions and similar products will be halved for the 2020 and 2021 financial years. This means retirees will be under less pressure to sell shares or other pension assets in a falling market to meet the…
Women and Money: Seize the day!
March 2, 2020
As the world celebrates International Women’s Day and all that women have achieved, it’s a good opportunity to take stock. Women have undoubtedly come a long way in terms of workplace participation, equal pay and financial independence, but there is still some way to go. These days, women make up almost half the workforce although…
The Australian retirement system – good, but room for improvement
December 16, 2019
You could be forgiven for thinking Australia’s superannuation system is a mess. Depending who you talk to, fees are too high, super funds lack transparency and Governments of all political persuasions should stop tinkering. Yet according to the latest global assessment, Australia’s overall retirement system is not just super, it’s top class. According to the…
How much super is enough?
May 7, 2019
Most of us dream of the day we can stop working and start ticking off our bucket list. Whether you dream of cruising Alaska, watching the sun rise over Uluru, improving your golf handicap or spending time with the grandkids, superannuation is likely to be a major source of your retirement income. The more money…
Can you afford your dream retirement
December 6, 2018
Planning your dream retirement can be an exciting time. The chance to travel overseas or around Australia without having to rush back to work, time to pursue new hobbies, learn a language or spend time with the grandkids. The possibilities are endless, but what will it cost? Working out how much you will need to…
Benefits of a super long engagement
November 8, 2018
Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age.
Young invincibles – the importance of insurance
September 3, 2018
When you are young, healthy and just starting your working life the last thing on your mind is life insurance. In your 20s and 30s your financial focus is more likely to be on saving for a car, holidays, a home or the birth of a child. But failing to protect the lifestyle you are…
Super and inheritance: making your wishes known
July 3, 2018
People often think their superannuation will be treated as part of their estate when they die and distributed according to their Will, but that’s not the case. Unless you have nominated your beneficiaries, the decision as to who receives your super is in the hands of the trustees of your fund.
Budget changes support a brighter retirement
June 6, 2018
With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise. But these small changes could have a big effect on the amount of money that ends up in your nest egg when you retire.
Ready…set… Are you good to go for the new financial year?
June 6, 2018
The end of the financial year is the cue for most of us to look at our financial position heading into tax time. Hopefully you’ve made progress towards your goals. But if you find that your expenses are trending higher than you’d like or—shock, horror!—higher than your income, this could be the perfect time for…
Closing the super gap
May 2, 2018
Gender politics has been in the headlines a lot lately. Whether you’re talking about the Women’s March, celebrity scandals or the latest pay gap numbers, gender equality is an unavoidable topic.
Franking dividends facing the chop
April 5, 2018
Here we go again. Superannuation could be about to undergo more change with the federal opposition announcing it will end cash refunds of franking credits on share dividends if it wins the next election. The change would have a significant impact on people paying little or no tax, especially self-funded retirees in pension phase. Seniors…
Home and away with super
March 9, 2018
Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1. From that date, first home buyers will be able to contribute up to $30,000 into their super fund towards a home deposit while downsizers can put up…
Transition to retirement – Still a smart move
February 7, 2018
They say 60 is the new 40. And while it’s true that today’s over-50s are healthy and active for longer than previous generations, many in this position begin to dream about scaling back their work commitments so they can start ticking off their bucket list.
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