What super contributions are best for me?
Growing your retirement savings needs the right mix of super contributions. Here’s some guidelines and case studies to help you think about what’s right for you.
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Growing your retirement savings needs the right mix of super contributions. Here’s some guidelines and case studies to help you think about what’s right for you.
The Home Equity Access Scheme can be a great way to boost your retirement income by taking a loan from the government against the equity in your home.
If you’re finding it difficult to make ends meet in retirement, one solution to free up some extra cash could be to take out a reverse mortgage.
If you’re retired and caring for an ill or frail partner or family member, the government’s Carer Allowance can provide some useful extra income.
If you suffer a total and permanent disability, making the most of any TPD insurance you have in super is crucial.
If you are thinking about retiring but not sure whether you have enough super, it’s time to do some preliminary calculations.
There is mounting evidence that financial advice can be good for your hip pocket as well as your general wellbeing, but you need to be vigilant.
An increased Transfer Balance Cap creates opportunities to transfer more into the tax-free retirement phase and contribute more to super but beware the fine print!
Your beneficiaries could end up paying more tax than necessary when they receive your superannuation death benefit if you don’t learn the rules that apply.
Self-managing government-subsidised home care is an increasingly popular way to maximise the hours of care provided with hand-picked carers.
Proposed changes to the Pension Loans Scheme (now known as the Home Equity Access Scheme) could help more elderly Australians stay in their own home for longer.
New rules from 1 July will potentially allow older Australians to bring forward the sale of their home and get two bites of the super contributions cherry.
Two important changes to the transfer balance account rules come into effect from 1 July 2023, including updated SMSF reporting obligations and further indexation to the general transfer balance cap.
Since new rules came into force last July, people aged 67 to 75 have more opportunities to boost their super even if they are no longer working.
Sequencing risk can ruin even the most carefully planned retirement, with losses and low returns as you move into retirement reducing how much you can spend.
The ability to invest in real property is one of the attractions of SMSFs, but it’s tightly regulated.
Lee and Mandy are retired and want to see whether downsizing could increase their retirement income.
To ensure your super ends up in the right hands when you die, these examples highlight how even the best laid plans can sometimes have unintended consequences.
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