Setting a retirement target: Living on more than $55,000
The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?
A comfortable retirement: How much super is enough?
So, the big question is: how much money do you really need for your retirement? Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.
Tax-free retirement: Why bother with super, such as an SMSF?
Q: Rather than putting our money in super, should we just go for a lump sum and invest in term deposit and direct shares in our own name? For example, if a couple who are senior age can receive income [...]
Does my superannuation pension income affect tax payable on other income?
Q: How does the income from an account-based pension affect taxation payable on other income received from salaries, dividends, capital gains and investments? Or, is there no affect whatsoever regardless of the amount of pension taken in any one year [...]
I’m 59 and I have $180,000 in super. Will my super be taxed?
Q: I’ve just turned 59, and I’m thinking of retiring before I turn 60. I would like to know whether I would have to pay tax on my superannuation. I know that after I turn 60, it’s tax-free, so my inquiry is regarding the period till I turn 60.
CGT calculations for SMSFs
Q: If I purchased a rental property in my SMSF for say $200,000 five years ago and the house is now valued at $300,000 in the SMSF what will be the capital base for the calculation of future capital gains tax (CGT) if I transfer the house out of the fund?
Tax-free super: what happens when I start a pension just before turning 60?
Q: I will be 60 in March 2012. Is the compulsory 4% drawdown from my super pension treated on a pro rata basis for my tax return for the 2011/2012 year, or can I draw it down after March 2012 rendering my super income after 60, tax-free?
Super for beginners: Top 10 must-know facts
Since we launched the SuperGuide website in 2009, we have received thousands of questions on different aspects of superannuation. We try to represent as many questions as possible, while also ensuring we cater for readers who are just beginning their super education.
Retirement: Why can’t $1 million last forever?
If you live off the earnings only from your invested capital then your capital can indeed last ‘forever’. The dilemma facing all investors and retirees is balancing the desired lifestyle (and maintaining that lifestyle over 20 to 30 years) with protecting capital and potentially leaving some wealth behind for your children or other dependants.
Crunching the numbers: a $2 million retirement
I am often asked the question ‘how much super is enough for a worry-free retirement?’, and we regularly update our special SuperGuide articles on this topic for our readers. In this article however, I’m tackling the issue from a very different perspective. I’m answering the following question: what does a $2 million retirement look like?
Crunching the numbers: a $1 million retirement
I am often asked the question ‘how much super is enough for a worry-free retirement?’, and we regularly update our special SuperGuide articles on this topic for our readers. In this article I’m answering the question: what does a $1 million retirement look like?
