If you have already retired, or are close to it, from 1 July 2021 you may be able to boost the amount in your tax-free super pension account.
Set out below are all SuperGuide articles that relate to Case studies.
SuperGuide Premium is ad-free
Answers to common questions from SMSF trustees about repayment relief for their LRBA loans.
You may be able to earn more income than you think without losing your Age Pension entitlements. We show you how.
Lee and Mandy are retired and want to see whether downsizing could increase their retirement income.
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.
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.
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 up.
If your super account is not as big as you would like when you retire, one solution could be to look to your home as a way to generate some extra money – and that doesn’t necessarily mean you need to become an Airbnb host.
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.
Older Aussies looking to boost their retirement income can take advantage of the government’s Pension Loans Scheme to generate a non taxable fortnightly income stream that helps pay their bills.
High income earners need to watch they don’t incur an extra 15% tax on their super contributions under the Division 293 rules. Here’s a simple guide to everything you need to know.
Although you can retire and access your super if you’re under age 60, the tax man is going to want his cut, so ensure you understand the rules before acting.
Knowing how much tax you’ll pay when you withdraw your super savings is important and the rules change once you reach age 60.
Transfer balance account reports notify the ATO of any changes to SMSF trustees’ transfer balance accounts.
Working out the best mix of super contributions to grow your nest egg can be confusing. Here are some simple case studies to help show you the impact for Aussies of different ages, incomes and work situations.