Retirement

Retirement is a big term that covers retirement planning, taking a pension, working in retirement, how much money is enough and more. The term ‘retirement’ also has a special meaning for when you can access your superannuation benefits.

Set out below are all SuperGuide articles explaining Retirement.

Liberals to impose $1.6 million cap on pension start balances, if win election

Note: The proposed policy will apply to both existing and new pension accounts from 1 July 2017, which means the policy will apply retrospectively. Based on federal treasurer Scott Morrison’s comments after announcing the 2016 Federal Budget, he claims this policy is not retrospective, that is, it … [Read more...]

ALP to tax pension earnings above $75,000 a year, if wins election

Note: Based on the ALP’s own election documents, this policy will be applied retrospectively, and will apply to all super pension earnings above $75,000 a year, from 1 July 2017. The ALP claims this measure is not retrospective, that is, it only applies to superannuation pensions started from 1 July … [Read more...]

Financial freedom: Retirement planning in six steps

How much money do you need in retirement to live a lifestyle free of everyday money worries? For many Australians, this means a lifestyle where you can pay your bills without financial stress, you can enjoy an occasional holiday (or many!), you can maintain your car and house, and you can buy gifts … [Read more...]

Co-contributions: Can I claim the tax-free bonus for the financial year that I retire?

Q: I’m aged 69 and I will retire in June 2016. Am I entitled to make a deposit into my super fund and receive the Government co-contribution for the 2015/2016 year?A: If an individual satisfies the age test, the work test and the income test relating to the co-contribution, then the individual … [Read more...]

Does changing to part-time at 60 years, count as ‘retiring’?

Q: I am 60. I am interested in the condition of release relating to turning 60 and resigning. Is it sufficient to satisfy the ’60 and resign’ condition of release by changing my employment arrangement from full-time to part-time, with the same employer?A: Most super benefits are preserved until … [Read more...]