Transfer Balance Cap set to rise, Industry funds maintain their lead, COVID relief for SMSFs, Write your own retirement plan, Age Pension increase, New Age Pension eBook.
Highlights of the March 2021 edition of the SuperGuide newsletter include:
- LIFTING THE LID ON THE TRANSFER BALANCE CAP. From 1 July you may be able to boost the amount in your super pension account. We show you how.
- INDUSTRY VS RETAIL SUPER FUNDS. After a challenging year, industry funds still lead on assets, satisfaction and performance.
- WRITE YOUR OWN RETIREMENT ROAD MAP. Retirement planning can seem complex, but it’s not rocket science if you follow these directions.
- COVID RELIEF FOR SMSF BORROWINGS. The tax office has provided guidance for SMSFs with limited recourse borrowings who took advantage of COVID relief.
- IS THAT ALL THERE IS? Age Pension rates and assets and income test limits will all rise in March, but not by much.
- NEW AGE PENSION EBOOK. If you are about to retire and think you may be eligible for the Age Pension, we’ve put everything you need to know in one easy-to-read guide.
HOW SUPER WORKS
Super caps to rise, ASIC commences civil proceedings against REST and Statewide, APRA wants super funds to lift their game on insurance, QSuper and Sunsuper merger update, Toyota Super to… Read more.
Super caps to rise, ASIC commences civil proceedings against REST and Statewide, APRA wants super funds to lift their game on insurance, QSuper and Sunsuper merger update, Toyota Super to… Read more.
The transfer balance cap limits the amount of your super savings you can invest in a tax-free pension for retirement. Read more.
The transfer balance cap limits the amount of your super savings you can invest in a tax-free pension for retirement. Read more.
An increased Transfer Balance Cap creates opportunities to transfer more into the tax-free retirement phase and contribute more to super but beware the fine print! Read more.
An increased Transfer Balance Cap creates opportunities to transfer more into the tax-free retirement phase and contribute more to super but beware the fine print! Read more.
It’s possible to reduce or even eliminate the amount of tax your fund pays on asset sales with these simple strategies. Read more.
It’s possible to reduce or even eliminate the amount of tax your fund pays on asset sales with these simple strategies. Read more.
SUPER FUNDS
Default MySuper funds have been undergoing a makeover in recent years, with performance under the microscope and fees falling. Read more.
Default MySuper funds have been undergoing a makeover in recent years, with performance under the microscope and fees falling. Read more.
Super funds capped off the financial year with a fourth consecutive year of returns above 9%, defying tensions in the Middle East and lingering inflation worries. Read more.
Super funds capped off the financial year with a fourth consecutive year of returns above 9%, defying tensions in the Middle East and lingering inflation worries. Read more.
SMSFs
Answers to common questions from SMSF trustees about repayment relief for their LRBA loans. Read more.
Answers to common questions from SMSF trustees about repayment relief for their LRBA loans. Read more.
Deciding to run two or more SMSFs has both pros and cons, so you need to weigh them carefully and ensure it’s the right strategy for your personal situation. Read more.
Deciding to run two or more SMSFs has both pros and cons, so you need to weigh them carefully and ensure it’s the right strategy for your personal situation. Read more.
RETIREMENT PLANNING
Bad financial advisers are thankfully the exception rather than the rule, but they do exist so it pays to be aware of some common red flags. Read more.
Bad financial advisers are thankfully the exception rather than the rule, but they do exist so it pays to be aware of some common red flags. Read more.
One of the challenges of retirement planning is working out how much income you will need to live the good life. Here are some tips to get you started. Read more.
One of the challenges of retirement planning is working out how much income you will need to live the good life. Here are some tips to get you started. Read more.
Without knowing how long we will live, retirement income planning is difficult, to say the least. This calculator provides a personalised estimate, depending on your health and other factors. Read more.
Without knowing how long we will live, retirement income planning is difficult, to say the least. This calculator provides a personalised estimate, depending on your health and other factors. Read more.
AGE PENSION INCREASES
Age Pension rates are rising again, but how much you actually get depends on your assets and income. Check the latest rates and figures. Read more.
Age Pension rates are rising again, but how much you actually get depends on your assets and income. Check the latest rates and figures. Read more.
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test … Read more.
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test … Read more.
NEW: Age Pension for beginners eBook
We produced this eBook as a comprehensive starting point for readers that need to understand the essentials about how the Age Pension works. We hope you find it useful.
This is the first eBook we have put together for SuperGuide subscribers. We’d really like to know what you think and if you would like us to create more. Click here to give us your feedback.
