Deduction amount still applies for Age Pension income test
Q: Could you please help with information about how annual deductible amounts are worked out by Centrelink for part-Age Pension purposes. I have a defined benefit and prior to the tax changes on super was able to deduct my annual deductible amount from my tax.
Retirement: Can Australia afford to support your lifestyle?
Are you planning to fund yourself over a 40-year retirement or do you think Australia can afford to finance your retirement?
Super contributions: Over-50s concessional cap (10 Q&As)
In this article, you can find the answers to 10 of the most popular questions received by readers on the concessional cap for over-50s.
Peace of mind, at a cost: 10 things to know about annuities
The GFC, and the financial carnage that followed, devastated the value of many Australian retirement portfolios. For some retirees and prospective retirees, the risk of another sharemarket crash has redirected attention to the possibility of a guaranteed income in retirement, taking the form of an annuity.
Defined benefit fund members: Are we subject to contributions caps?
Q: My question is about a member’s notional superannuation account’s yearly value amounts. Are these “Notional amounts” that the (long time) employee will receive, but not yet physically accrued in their superannuation account, are they then included in the individual’s concessional cap?
THE SOAPBOX: Setting targets – how old school!
A major flaw in Australia’s retirement income policy (and in the investment techniques utilised by the skilled professionals who work in the super industry) is the lack of focus on outcomes – specifically, long-term outcomes that enable Australians to plan towards a ‘target’ retirement income, and a target lump sum to deliver that level of income.
Concessional contributions: SG and public servants
Q: I’m a member of the Military Superannuation & Benefits Scheme (MSBS). Is there some reduction in the concessional cap because MSBS is a defined benefit scheme?
