I’m retired. Can I make super contributions?
Q: If I have retired from work and later on inherit a reasonable sum of cash, can I make a non-concessional contribution into my superannuation fund? OR is that only permitted while I am working, regardless of my age?
Super for beginners, part 24: Do I have to withdraw my super when I turn 65?
Q: I turned 60 in June 2007. I retired, sold my large house, downgraded, invested spare money into my super believing I would be making $25,000 per year until age 65. One month after I invested, I lost $50,000 just like that.
Warning: Government super website is incorrect and out of date
Q: I have been doing some research on the maximum amount that can be salary sacrificed for someone over 60, and would appreciate your comments on the following article, which seems to contradict other information I have read.
SMSF basics: Can my fund buy my residential investment property?
Q: I have an investment unit. I would like to keep this unit as long as possible. The unit is a safe income stream and is a safe haven against a possible outbreak of hyperinflation (all this printed money may eventually generate inflation). However, if I have to sell it later, I won’t be able to put the money into my SMSF.
No pension relief for early birds
Q: I wonder if you have any more information on the Government’s recent changes to the minimum drawing requirements (see ‘Relief in hard times for retirees’)? I understand that in January, the Government halved the rate at which a pension [...]
THE SOAPBOX: Fair go for retirees and super savers
Millions of words have been written about the Global Financial Crisis, but very few practical words have been devoted to the plight of retirees, soon-to-be-retirees and those Australians planning ahead for their retirement.
Relief in hard times for retirees
Note: The pension relief explained below now also applies for the 2009/10 year. You can find more information on the 2009/10 pension relief in the article Pension drawdown relief extended for 2009/10 year. The Federal Government has announced temporary relief [...]
