Early access to super, March super returns, SMSFs see buying opportunities ahead, Managing your super in a downturn, Minimising super pension risks, Advance care plans
Highlights of the April 2020 edition of the SuperGuide Premium newsletter include:
- SUPER FUND RETURNS FOR MARCH: Super funds recorded significant falls in March but have clawed back some ground in the first three weeks of April.
- EARLY RELEASE OF SUPER: As part of its response to the Coronavirus, the Federal Government is allowing Australians to access up to $20,000 of their super. We give the details, and we also look at the rules around early access that apply to SMSFs.
- SMSFS AHEAD OF THE INVESTMENT CURVE: Perhaps due to their age and experience, SMSF investors are more likely than others to see the current market turmoil as a buying opportunity.
- WORRIED ABOUT YOUR SUPER? DON’T PANIC: It seems counter-intuitive, but the best thing to do with your super when the market panics is often nothing. Janine Mace looks at the evidence for holding tight and offers tips to stretch your retirement dollars further.
- TESTING TIMES FOR SUPER PENSIONS: A big market fall is especially difficult to handle in the years just before and after retirement. Barbara Drury looks at the twin risks to be aware of. While the Government’s temporary halving of pension drawdown rates is a help, Penny Pryor looks at an additional strategy for SMSFs.
- TAKING CARE OF YOUR HEALTH: The Coronavirus has made us all more aware that not just the elderly can become critically unwell. Bina Brown explains why everyone should have an advance care plan. And longevity researcher David Williams shares insights into positive ageing.
Scammers targeting early release of super, ASIC announces advice relief measures, ATO releases Q&As on coronavirus, SMSF annual returns can be deferred, and the federal government releases a Code of Conduct for commercial tenants and landlords.
Super funds continued their winning streak in January, with the median Growth fund up 1% over the month.
While super is designed to provide income in retirement, there are circumstances when you may be eligible to withdraw some or all of your savings.
You may be able to withdraw a small lump sum from your retirement savings if you are in severe financial hardship and not otherwise eligible to access your super, but strict rules apply.
While compassion is a general term, the ATO applies strict rules when deciding whether you can withdraw some of your super early on compassionate grounds.
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to the coronavirus pandemic.
Sorry, no posts matched your criteria.
As the debate over passive vs active investing continues, both have their place in SMSF portfolios, depending on your financial goals and risk tolerance.
Keep on top of these five tasks if you want your SMSF to enjoy the valuable tax concessions you signed up for.
If your SMSF comes to the attention of the ATO for the wrong reasons, don’t panic; swift remedial action is generally the best policy.
When sharemarkets fall and people start panicking, it’s easy to think the best solution is to sell your investments or swap out of your super fund investment option. But it’s a decision that could cost you dearly.
The best things in life are free, but is financial advice one of them? Find out the possibilities.
How to plan your income in retirement can be one of the most confusing aspects of retirement planning. In this video members of the Profession of Independent Financial Advisers provide some insights into how they approach it.
Inflation is affecting more and more daily essentials but bank interest rates remain stubbornly low, so it may be time to revisit your retirement income plans.
Market volatility and economic uncertainty can wreak havoc with retirement plans, so it’s important to develop strategies to ensure your savings last the distance.
The minimum amount you are required to withdraw from your super pension doubles from 1 July 2023, as the temporary halving of rates to ease the pressure on retirees during the pandemic draws to an end.
When and how you withdraw income from your super in retirement can have significant tax benefits.
Stopping part or all of a pension can be a useful strategy for SMSFs in certain situations. We explain how and why.
Talking about death and dying is always difficult, but making your end of life wishes know can save unnecessary suffering for you and your loved ones.
Move over midlife crisis. New research shows more of us are going through a major life reassessment much later in life.
With life expectancy projected to continue to rise, along with the cost of living, older Australians face both opportunities and challenges as they head into their ‘third act’ of life.