Retirees bullied and betrayed, Women and super, Financial advice, New Age Pension rates, Insurance in super
Highlights of the March 2019 edition of the SuperGuide Premium newsletter include:
- BULLYING AND BETRAYAL OF RETIREES: As we prepare for the forthcoming Federal Election, Sean Corbett reminds us how Australian retirees have been repeatedly let down and demonised by politicians on all sides.
- FINANCIAL ADVICE: The Royal Commission uncovered advice horror stories and made strong recommendations about how the industry must improve. We look at the risks and benefits of financial advice, how to find a suitable adviser, how much financial advice costs, and how you can find free or low-cost advice. One of Kenneth Hayne’s recommendations was that non-independent advisers need to disclose their lack of independence. Daniel Brammall helps us to identify what makes a financial adviser independent, and we list 129 independent advisers who operate in Australia.
- AGE PENSION: The Age Pension rates increase on 20th March. Find out the latest rates and thresholds, or use our calculator to find out how much you could be eligible for. Age Pension expert Regan Welburn also provides handy case studies to illustrate how the Age Pension is assessed, and a step-by-step guide to applying for the Age Pension, avoiding the common mistakes, and getting it right the first time.
- INSURANCE AND SUPER: Have you considered your insurance needs lately? In a suite of articles we look at how insurance operates inside super, and investigate life insurance, TPD insurance and income protection insurance in depth. Learn about the pros, the cons and the strategies you can consider.
- WOMEN AND SUPER: Women have the odds stacked against them when saving for retirement. They earn less, have more time out of the workforce, and live longer. However women do have Barbara Drury on their side, with some super strategies for women at different stages of life.
- SMSF LUMP SUM WITHDRAWAL RULES: Penny Pryor details the rules and tax implications for withdrawing lump sums from SMSFs, provides case studies to illustrate how the rules work, and reminds us about what you should consider if you have started a pension or are claiming the Age Pension.
- INDUSTRY FUNDS VS RETAIL FUNDS: The pain from Hayne continues for retail funds. Recent statistics show they now lag behind industry funds in assets under management, customer satisfaction and investment performance.
- LATEST SUPER RETURNS: 2019 has had a strong start with median growth fund gains of 2.7% in February and 2.5% in January. Learn more in our performance articles at the bottom of the email.
2019 FEDERAL BUDGET SPECIAL
This year the Federal Budget will be announced a month earlier – on Tuesday 2nd April. We will provide insights into the announcements affecting super, tax and retirement planning. Watch out for a Budget special newsletter early on April 3rd.
Many of today’s retirees are feeling betrayed. In 1992, Australians entered into an agreement. They agreed with a plan made by the politicians of the day that, in order to reduce the burden of the Age Pension on future generations of working taxpayers, everyone would save super for their own retirement.Read more
When it comes to super, it’s still a man’s world. That means it’s up to women to even the score. We show you how.Read more
Is your super fund a star performer or a lemon? Follow our 6-step guide to assess if your super fund is right for you.Read more
APRA statistics released this week show retail funds have lost nearly $23 billion in value since December 2017, while over the same period industry funds grew by nearly $40 billion. This represents a change in value of assets of -6% for retail funds and +4% for industry funds.Read more
As you reach retirement, you will be considering what you want to do with your superannuation in your self-managed superannuation fund (SMSF). Basically, your fund can pay benefits in the form of a lump sum, an income stream, or a combination of both.Read more
A testamentary trust is a trust which is only created upon the death of the testator, and which is specified in his or her will.Read more
Whether your financial affairs are simple or more complex, it’s important to take time selecting an adviser who is not only well qualified but the right fit for you.Read more
Financial advisers are supposed to act in the best interests of their clients. That’s not a vain hope or fluffy belief, it’s enshrined in law. But confidence in financial advisers has been rocked lately by a series of financial scandals and instances of serious misconduct unearthed by the Hayne Royal Commission.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
It’s a rare person who doesn’t want to improve their financial situation, but cost is often a barrier to seeking advice. Yet free advice does exist if you know where to look.Read more
Just because a financial planner’s business card doesn’t display the logo of a bank or insurance company doesn’t mean he or she is independent.Read more
In this article you can find out who are Australia’s truly independent financial advisers. There are now nearly 90 advisers on the list, including at least one from every state.Read more
Age Pension rates increased on 20 March 2020. This article also explains how the Age Pension works, and includes the latest Age Pension rates for residents, non-residents, and the transitional Age Pension.Read more
Our Age Pension calculator gives you an indication of potential Age Pension entitlements. The Age Pension rates are those that apply from 20 March 2020 to 19 September 2020.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 (along with the income test) that determines how much Age Pension you could be eligible for.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
In this article we detail how the Age Pension is assessed, how the income and assets tests work, and illustrate with case studies for a Single and a Couple.Read more
This article is a step by step guide to claiming the Age Pension and getting it right the first time so you can avoid any delays or frustration.Read more
Your superannuation can potentially affect how much, if any, Age Pension you receive in several ways. As well as the amount you have in super, your partner’s age can have an impact as can what you do with any super payments you access.Read more
INSURANCE AND SUPER
Insurance inside super can be confusing, but it’s an easy way to ensure you’re financially protected if something goes wrong. Check our 7 steps for taking control.Read more
Insurance cover through your super fund offers cost effective protection for your family if you die. Here’s a simple guide to death cover, with a checklist of issues you need to considerRead more
TPD cover is a valuable part of default insurance inside super. But there are big differences in what funds offer, so it’s important to understand the details.Read more
Income protection insurance through your super fund will help pay the bills if you can’t work temporarily. But it’s important to understand exactly how these policies work.Read more
LATEST SUPER RETURNS
In a remarkable turnaround super funds sprinted home to finish 2020 on a positive note after weathering some of the most challenging conditions in living memory.Read more
The surprisingly strong share market rally from April through to August resulted in strong positive returns for all Lifecycle cohorts during that period.Read more
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