Royal Commission, Best performing super and pension funds, Estate planning, SMSF housekeeping
Highlights of the FEBRUARY 2019 edition of the SuperGuide Premium newsletter include:
- ROYAL COMMISSION: The final report from the Financial Service Royal Commission has finally been released, and it’s likely to trigger a lot of change for the industry, and hopefully legislation that better protect Australian consumers. Janine Mace provides a summary of the main recommendations that will impact the super and financial advice sectors.
- BEST PERFORMING SUPER AND PENSION FUNDS: SuperRatings have generously provided us with the top 30 performing super (balanced) and pension (capital stable) funds over 5 years.
- ESTATE PLANNING: This can be a complex topic, and is often overlooked or neglected by superannuation investors. We provide an overview of the key elements you need to consider, and a checklist to ensure your estate planning is in the best shape possible.
- SMSF HOUSEKEEPING: Is your Trust Deed fit for purpose? Ali Cain explains why it’s important to review at yours at least annually. Penny Pryor also explains the SMSF investment rules and in a separate article details what is required in your investment strategy, and provides examples of what you might include.
- RETIREMENT PLANNING: If creating a retirement plan seems like too big a task, Barbara Drury breaks it down to a a 7 step process. Barbara also provides three case studies to illustrate some of the key aspects you may want to consider.
The final report from the Royal Commission is likely to result in major change for the superannuation industry – both for super fund members and for trustees and executives managing the large super funds.Read more
When it comes to achieving financial security in retirement, there are myriad cognitive biases that can keep us from making smart decisions with money.Read more
In this article you can discover the top 10 performing All Growth super funds over 1 year and 10 years to 30 June 2020. All Growth funds have 96-100% invested in growth assets.Read more
In this article you can discover the top 10 performing Balanced pension funds over 1 year and 10 years to 30 June 2020. Balanced funds have 41-60% invested in growth assets.Read more
In this article we highlight some tricky areas, reinforce the need for proper estate planning and updating, and suggest strategies to manage certain situations.Read more
Annuities are relatively simple and secure financial products that provide a guaranteed pay cheque in retirement in return for investing a lump sum for the rest of your life, or for a specified period.Read more
An SMSF’s trust deed is one of its most important assets. While legislation sets out what trustees must not do, the trust deed specifies what a trustee is allowed to do. Now’s the time of year to perform the yearly review of the deed.Read more
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation.Read more
The ATO has updated its advice around what it wants to see in an investment strategy. Here’s what you need to know, along with what you need to do following a market correction.Read more
An SMSF is a very attractive superannuation savings vehicle but it also comes with plenty of responsibility for anyone that signs up to being a trustee.Read more
If you’re selling a small business, you’ll need to know what the small business retirement exemption is, whether you’re eligible and how you claim it.Read more
The sooner you start planning, the better your chances of making the most of your retirement years. So get the ball rolling by working through these 7 simple steps.Read more
Our SuperGuide retirement planning articles often refer to a ‘rule of thumb’ that suggests you will need somewhere between two thirds (66%) and 80% of pre-retirement income to continue to enjoy your current standard of living.Read more
Dan (60) is a freelance web designer who earns $76,000 a year. He hasn’t always put money aside for super, so his balance is a relatively low $120,000.Read more
Chris (47) earns $180,000 per year and has $430,000 in super. Lisa (48) earns $80,000 per year and has $220,000 in super. They have one daughter at university and are close to paying off their mortgage. They want to know if they are on track to retire when Chris turns 60.Read more
Deb is worried that she won’t have enough savings to live comfortably in retirement and, at age 52, wonders if she’s left it too late to catch upRead more