Financial advice

If you’re making significant financial decisions, or are serious about retirement planning, at some stage you’re likely to seek financial advice.

The key is to use an independent financial adviser who is not rewarded with commissions for selling you financial products. Any adviser you use for superannuation advice or retirement planning should charge a fee, rather than accept commissions.

Set out below are all SuperGuide articles explaining Financial advice.

Financial advice: Only 75 independent financial advisers in Australia

Note: This article is updated regularly when new financial advisers join the independence club (latest update May 2016). A financial adviser does not have to be a member of the IFAAA to join the SuperGuide list, provided they can declare that they satisfy the requirements of being an independent … [Read more...]

Life expectancy: Will you outlive your retirement savings?

Every five years, the latest data is released on average life expectancies, that is, how many years you’re expected to live, on average. The table contained within this article contains the most up-to-date information on expected lifetimes.Note: Updated life expectancy tables were released by … [Read more...]

SMSFs and joint property purchases need expert advice

Q: A SMSF purchases a property in joint names – between the two trustees as joint tenants and the SMSF (tenants in common). The conveyancing document says the title statements show the ownership as 60% SMSF and the Trustees 40 % . However the trustees have used 79% of the SMSF funds to purchase the … [Read more...]

SMSF investment: Trading shares is OK

Q: How often or by what criteria can you buy and sell listed shares to obtain a financial gain without being classed as a trader? I understand the trader/investor criteria outside the fund and the tax treatment but is it any different inside the fund? Is there a problem if shares are bought and sold … [Read more...]

SMSFs: How much does a DIY super fund cost? (updated figures)

Note: Article updated in January 2016, and includes an extra table outlining fees for small and large SMSF account balances. This article includes the latest SMSF cost data released in December 2015 by the ATO, and selected cost data released by ASIC in September 2013. The next SMSF cost update is … [Read more...]

Fund choice: Choosing a super fund without an adviser

The questions that Australians need to ask when considering seeking financial advice when selecting a super fund are: how do I find a good adviser, and how do I know the advice I’m getting is appropriate?One option for resolving the dilemma of finding a good adviser is not to get advice. … [Read more...]

Financial advice for super: Is it worth the money?

You don’t have to get advice when choosing super funds, or when considering making extra super contributions, or for any other financial matters. If you do want advice however, do some research on reputable advisers.Advisers deserve to be paid for providing advice but you have to decide how you … [Read more...]