Max your super, Retirement planning tips, When to retire? Financial advice specialists, Ageing parents, SMSF compliance, Longevity plans
Highlights of the June 2020 edition of the SuperGuide newsletter include:
- SUPER FUND RETURNS FOR MAY: Super funds continued to make up for lost ground in May and early June. While it’s been a tough year for super, returns for diversified funds are holding up well as we approach the end of the financial year.
- WHY SQUIRRELING MONEY INTO SUPER MAKES CENTS: The combination of compound interest, tax and time make contributing extra into super an attractive proposition, and younger Australians have the most to gain.
- READY, STEADY, RETIRE: As retirement draws near there is a lot to think about, and it’s not all about the money. We provide some tips to get you thinking about life after retirement.
- FINDING THE RIGHT ADVICE: Just because all financial advisers offer the same range of services, doesn’t mean they’re all the same. If you are after special advice, it pays to find a specialist.
- TEEING UP A HOME CARE PACKAGE: If you’re in need of aged care but want to remain in your own home then an aged care package could provide the solution. We show you how.
- VIDEO: WE NEED TO TALK ABOUT MUM AND DAD: Tracey Spicer and Jean Kittson go fearlessly where many families fear to tread, with practical tips on caring for ageing parents.
SUPERANNUATION
If your super balance is underwhelming, even small personal contributions can supercharge your retirement savings once compound interest and tax do the heavy lifting. Read more.
If your super balance is underwhelming, even small personal contributions can supercharge your retirement savings once compound interest and tax do the heavy lifting. Read more.
Accelerating Australia’s economic recovery, More financial advice sought, ACCR examines voting records, Streamlined support for SMSFs, ATO’s mailout bungle, Investment funds on notice. Read more.
Accelerating Australia’s economic recovery, More financial advice sought, ACCR examines voting records, Streamlined support for SMSFs, ATO’s mailout bungle, Investment funds on notice. Read more.
Super funds overcame Trump’s tariff turmoil in April to finish in positive territory, reaffirming the importance of sitting tight and ignoring the short-term market “noise”. Read more.
Super funds overcame Trump’s tariff turmoil in April to finish in positive territory, reaffirming the importance of sitting tight and ignoring the short-term market “noise”. Read more.
RETIREMENT PLANNING
It’s a common question and the short answer is that age is only one of many considerations when you are weighing up when to retire. Read more.
It’s a common question and the short answer is that age is only one of many considerations when you are weighing up when to retire. Read more.
If you want to retire early you will need sources of income other than super now that the super preservation age has increased to age 60. Read more.
If you want to retire early you will need sources of income other than super now that the super preservation age has increased to age 60. Read more.
Once you turn 60 it is easier to access your super provided certain conditions are met. Read more.
Once you turn 60 it is easier to access your super provided certain conditions are met. Read more.
While the Age Pension age has crept up to 67, the average age of retirement in Australia is closer to 65. Filling the income gap with super will require careful planning. Read more.
While the Age Pension age has crept up to 67, the average age of retirement in Australia is closer to 65. Filling the income gap with super will require careful planning. Read more.
FINANCIAL ADVICE
Many Australians who admit they need financial advice are reluctant to get it due to the perceived cost, but are they right? We look at what’s available and what it… Read more.
Many Australians who admit they need financial advice are reluctant to get it due to the perceived cost, but are they right? We look at what’s available and what it… Read more.
SMSFs
Even if you outsource most of the boring SMSF admin, there are two annual tasks trustees can’t avoid. Read more.
Even if you outsource most of the boring SMSF admin, there are two annual tasks trustees can’t avoid. Read more.
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached. Read more.
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached. Read more.
Proposed legislation will relax the residency rules for SMSF members, but until then it pays to understand the current rules before heading overseas for an extended stay. Read more.
Proposed legislation will relax the residency rules for SMSF members, but until then it pays to understand the current rules before heading overseas for an extended stay. Read more.
Your SMSF trust deed is your fund’s most important legal document, so it pays to get it right from the outset and to carry out regular health checks. Read more.
Your SMSF trust deed is your fund’s most important legal document, so it pays to get it right from the outset and to carry out regular health checks. Read more.
An SMSF trustee declaration is an Australian Taxation Office (ATO) document that summarises the duties and obligations of an SMSF trustee or director. Read more.
An SMSF trustee declaration is an Australian Taxation Office (ATO) document that summarises the duties and obligations of an SMSF trustee or director. Read more.
The expenses associated with running your own super fund can add up, so it’s important to understand which expenses you can, and can’t, claim as a tax deduction. Read more.
The expenses associated with running your own super fund can add up, so it’s important to understand which expenses you can, and can’t, claim as a tax deduction. Read more.
In a world of ever-increasing prices, the ATO’s annual SMSF supervisory levy has been remarkably stable for almost a decade. Read more.
In a world of ever-increasing prices, the ATO’s annual SMSF supervisory levy has been remarkably stable for almost a decade. Read more.
IN RETIREMENT
In this video Tracey Spicer talks to Jean Kittson about her book We need to talk about Mum and Dad, a practical guide to supporting ageing parents. Jean shares tips… Read more.
In this video Tracey Spicer talks to Jean Kittson about her book We need to talk about Mum and Dad, a practical guide to supporting ageing parents. Jean shares tips… Read more.
Just because many people your age are retiring doesn’t mean you have to. Whether by necessity or desire, more Australians are continuing to work for longer. Read more.
Just because many people your age are retiring doesn’t mean you have to. Whether by necessity or desire, more Australians are continuing to work for longer. Read more.
In this video interview David Williams from My Longevity talks about the benefits of having a Longevity Plan and how to create one. Read more.
In this video interview David Williams from My Longevity talks about the benefits of having a Longevity Plan and how to create one. Read more.
Government-supported packages to allow elderly Australians to remain living at home are in high demand, but what you get is not always what you want. Read more.
Government-supported packages to allow elderly Australians to remain living at home are in high demand, but what you get is not always what you want. Read more.