Super perks, Tax offsets, Best and worst funds, SMSF wind-up costs, share transfer to your SMSF, Adjusting to retirement.
Highlights of the October 2021 edition of the SuperGuide Premium newsletter include:
- PERK UP YOUR RETIREMENT: From tax savings and cheaper insurance to estate planning, there are more benefits to super than you might think.
- SAPTO, LMITO, LITO: Never mind the acronyms, check out the tax savings for eligible seniors and lower income earners.
- HOW DID YOUR FUND PERFORM? A new survey sorts the super fit cats from the fat cats and shares tips on how to spot them.
- YOU’RE WINDING ME UP: All good things come to an end, even your SMSF. Here’s what costs to expect when you wind up your fund.
- MAKING AN IN SPECIE TRANSFER: We walk you through the process of transferring shares into your SMSF.
- RETIREMENT SURPRISE PACKAGE: Our retiree panel reflect on life after work, and the things that surprised them most.
Draft retirement income covenant released, TWUSUPER calls off EISS merger, Superannuation industry at risk of losing billions due to climate change, SMSFs must use SuperStream for rollovers, Financial services coalition calls for broad financial compensation scheme, Design and Distribution Obligations (DDO) go live.Read more
There are lots of overlooked benefits that come with your super account, so it’s worth checking out what it can provide.Read more
Small APRA funds aren’t sexy, but they can offer valuable benefits if you want more control of your super investments without the trustee responsibilities.Read more
Chris Brycki from Stockspot talks about their 2021 Fat Cat Funds Report on the best and worst performing super funds, including how ESG options performed, and lessons for retirees and SMSFs.Read more
A government push to reunite people with their lost super is gaining traction, but there is still plenty of money left on the table.Read more
Super funds posted their first negative month in a year for September as global markets faced a wall of worries.Read more
SAPTO can help retirees reduce their tax bill but working out whether you are eligible and for how much is far from straightforward.Read more
LMITO is here for another year, saving taxpayers up to $1,080, so catch it if you can.Read more
Low-income earners may be eligible to reduce their tax bill by as much as $700, without lifting a finger. Check our guide to who’s eligible and for how much.
The amount of tax you pay will depend on your assessable income less a host of tax deductions and offsets. Here are the latest rates and thresholds.Read more
All SMSFs will need to be wound up one day, so it pays to be aware of the costs from the outset.Read more
If you have ever wondered whether you can move shares or commercial property held in your own name into super, yes you can.Read more
Moving assets into the lower-tax super environment can be a rewarding strategy. This is how it’s done.Read more
SMSF trustees need to understand the potential impact currency movements can have on their international equity portfolios.Read more
With an SMSF you can buy the property used by your business to become your own landlord. But how do you ensure you stay on the right side of the tax man?Read more
If you’re new to SMSFs then you may also be new to minute-taking. If so, we request a minute of your time to guide you through the process.Read more
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law.Read more
Your spending in retirement will depend not just on how much you have saved, but also on different spending patterns as you age.Read more
Working out how much income you will need in retirement isn’t easy, but some simple rules of thumb can be a good place to start.Read more
Choosing the right calculator to work out your retirement income is important, as different calculators provide different results and types of information.Read more
Sequencing risk can ruin even the most carefully planned retirement, with losses and low returns when you withdraw your super savings giving you less to spend.Read more
Market volatility and economic uncertainty can wreak havoc with retirement plans, so it’s important to develop strategies to manage the risks.Read more
Before retirement, the focus is often on preparing our finances. After retirement, our changing priorities can come as a surprise.Read more
The 10/30/60 Rule shows it’s just as important to use a carefully developed investment strategy in retirement as it is during your working life.Read more
Selecting the right investment option for your super pension can have a big impact on how much money you have to spend during your retirement years.Read more
A government concession card to get cheaper health care can make a big difference to your retirement budget – and it’s not just for those on the Age Pension.Read more