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 Premium 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.
Super is a bit like porridge. You know it’s good for you and will sustain you for longer, but the pancakes look so much more enticing. Until you jump on the scales.Read more
Alongside growing concerns over a possible resurgence of the coronavirus during winter, the pandemic is now creating even more victims as cybercriminals aim to capitalise on the economic upheaval.Read more
If you are one of the estimated 10% of Australians who are self-employed as a sole trader or in a partnership, then superannuation is generally not compulsory.Read more
If there’s one thing guaranteed to have employers pulling their hair out, it’s red tape. Unfortunately, your obligation to pay super to employees comes wrapped in red tape and slip-ups can be costly. So what are the rules?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 rose for the third straight month in June, making a 6.5% comeback from the COVID cliff the previous quarter. By the end of the financial year, most funds ended up near where they started with some funds managing a modest positive return. All in all, that’s a good outcome from one of the most turbulent financial years in the past century.Read more
Working out what to do before you retire isn’t just about how much money you need. Here’s a list of some of the key points you need to consider when planning life after work.]Read more
The decision about when to retire is rarely made overnight. It’s a major life event and deserves careful thought and planning. Finances play a big part, but so do your health, your partner’s circumstances and whether you still enjoy your work or are itching to leave.Read more
If you plan on retiring at age 55, here’s a simple guide answering 12 common questions people ask about their super and other financial assistance retirees may be eligible to receive.Read more
For many people planning their retirement, age 60 sounds like a good time to leave the workforce. If that’s your plan, it’s important to ensure you understand the rules on accessing your super, how big your nest egg needs to be, the tax you might pay and any financial assistance you may be able to receive.Read more
For most Aussies, blowing out the birthday candles at 65 means it’s retirement time. To help you take the leap into life after work, we have put together a simple guide answering common questions asked by people retiring at age 65.Read more
In this video Tracey Spicer talks to Jon Glass, retirement coach and author of Finding Joy in Retirement about what a retirement coach does, and what some of the first steps people should do when thinking about their retirement.Read more
All financial advisers can offer the same smorgasbord of services, from investments and super to insurance and estate planning. But not all advisers are the same.Read more
How much you should pay for financial advice depends on a range of factors, including the type and extent of advice that you receive.Read more
In this video members of the Profession of Independent Financial Advisers provide some insights into how to find a financial adviser that is right for you, and how to make the most of the financial advice process.Read more
If you’re an SMSF trustee and you’re not using the services of an accountant, you must provide your fund auditor with all relevant documentation for your fund’s accounts and financial transactions for the financial year being audited.Read more
SMSF trustees are legally obliged to ensure their fund’s compliance with superannuation legislation in Australia. The ATO imposes a range of penalties for non-compliance, depending on the seriousness of the breach.Read more
SMSFs must pass residency requirements at all time to be eligible for the tax concessions that are available under Australian superannuation legislation.Read more
An SMSF trust deed is a legal document that outlines how the fund will be set up and how it will operate. An Australian SMSF must be established with a trust deed that is compliant with Australian superannuation legislation.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
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation.Read more
The SMSF supervisory levy is an annual payment that all SMSFs must pay to the Australian Taxation Office (ATO).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 about confronting the taboos around ageing, deciphering a whole new world of jargon and finding the right specialists to help you navigate headaches such as Centrelink, aged care and enduring powers of attorney.Read more
So, you’re looking to start a small business to keep you busy in retirement? Here’s Bambi Price’s step-by-step guide to help get you get started.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
If you are over 65 years of age, still living in your own home and need some support to remain living independently, you can apply for a Home Care Package.Read more