Thinking about how you’re going to plan your retirement can be daunting and I suggest you do as much research as possible before you book an appointment with a financial adviser or accountant (if that is what you choose to do). If you’re like many Australians within 10 to 15 years of … [Read more...]
Q: When I retire I will be 61 and my husband will be over 65 and will be eligible for either a full or part old age pension. If I keep my super in an accumulation account and withdraw lump sums to cover additional living expenses, how will this affect my husband’s pension benefits? Is this the … [Read more...]
Note: The case studies have been supplied and updated by the Financial Information Service. SuperGuide would like to thank Financial Information Service officer, Regan Welburn for his assistance in updating and supplying the case studies. The latest update was May 2012, taking into account the March … [Read more...]
Q: I have met many financial planners including 3 independent ones, but they don’t seem to know much and all said different things. They don’t seem to show interest and care for my retirement. I am a 61 year-old female and have no super. I need to do something fast. I am just a piano teacher and … [Read more...]
Q: I have tried numerous websites for this info. and even phoned Centrelink, but I'm still unsure. My question: Is a SMSF counted as an 'asset' in the test for Youth Allowance and similarly is the tax free income gained from it (recipient over 60) counted as income? Love the site. Keep up the good … [Read more...]
Q: I am 71 years old. I do not get the age pension because my husband is 62 years old and still working and receives a salary of $70,000 gross per year. Is it possible for him to take out part of his superannuation and still continue to work and pay out the balance of our Mortgage of $100,000? Since … [Read more...]
Q: I am 61 and have never made contributions to super. My annual income is $96,000 and my employer contributes $369.80 a fortnight to super. I do not own my own home and rent a house. My partner does not work anymore and also has no super. He does have $300,000 invested in a term deposit. I plan to … [Read more...]
Q: I'm 59 years of age and in March I lost my job. I have since been trying to find work but due to my age I’m finding it excessively hard. After much discussion with my wife we have decided that the best option would be for me to retire. As she is working and earns a decent wage, I am unable to … [Read more...]
Hurry, hurry! Deadline approaching! If you’re working and you’re aged 65 or over (or 63.5 or over if you’re a female), or will turn 65 (or 63.5 if a female) before 20 September 2009, then you need to read this article, and the Q and As following this article. If you fall into this age … [Read more...]
