Superannuation strategies

Set out below are all SuperGuide articles explaining Superannuation strategies.

Retirement and tax: What are the minimum pension payment rules?

Rules

Q: I am 63. I want to retire next year but I am not sure if I want to access my super benefits yet. I have heard that when I retire, I must withdraw some super benefits each year, otherwise I won’t receive tax-free super benefits. Can you please clarify the rules for me? A: You question is really … [Read more...]

Is property a good investment for your SMSF?

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Over recent years, I have lost count of the number of times I have been asked whether I think property is a good investment for an SMSF. The question (is property a suitable investment for an SMSF?) is an important one, and the need to ask such a question by readers, associates and even friends … [Read more...]

One-way traffic! Moving super from NZ to Australia not happening

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We have good news, and we also have some bad news, for New Zealanders who have settled permanently in Australia, and who want to transfer KiwiSaver accounts to Australian super funds. We also have very good news about the prospects of taking your Australian super with you, for those Australians who … [Read more...]

TRIPs: 10 interesting facts about transition-to-retirement pensions

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Note: The general concessional contributions cap is increasing to $30,000 (from $25,000), effective from 1 July 2014. The special $35,000 cap for over-60s will also apply to over-50s from 1 July 2014 (or more specifically, to anyone who is aged 49 years or over on 30 June 2014). An increase in the … [Read more...]

Super pensions: Starting a TRIP takes planning

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Apparently the term ‘pension’ can trigger a negative reaction for some baby boomers. Many baby boomers don’t even like the relatively inclusive term of ‘seniors’ because this term already apply to the parents of baby boomers. By deduction, any term that already applies to Australians in their … [Read more...]

Super! Jump in contributions caps for 2014/2015 year

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As previously flagged in SuperGuide, the contributions caps for concessional (before tax) and non-concessional (after tax) contributions will increase for the 2014/2015 year, as a result of indexation. Concessional contributions Concessional contributions include your employer’s compulsory … [Read more...]

A case study: I’m 53. Is it too late to save for my retirement? (updated figures)

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Note: Betty has made no plans for retirement, but if she starts contributing $100 a week, until she retires, then she can expect her lifestyle to be better than her current lifestyle. If she contributes $50 a week, then she can expect to receive at least 80% of her pre-retirement income. This … [Read more...]