Market volatility and economic uncertainty can wreak havoc with retirement plans, so it’s important to develop strategies to manage the risks.
Set out below are all SuperGuide articles that relate to Coronavirus and superannuation.
On 22 March 2020 the federal government announced a temporary measure allowing individuals to access up to $10,000 of their superannuation in 2019/20 and a further $10,000 in 2020/21.
Once you start a retirement income stream, minimum annual payments are calculated on your account balance at 1 July each year, multiplied by a percentage factor that increases as you age.
Under the deeming rules, you are ‘deemed’ to earn a certain annual rate of return on your financial assets, regardless of the rate of return you actually earn.
Ross Clare from ASFA talks to Tracey Spicer about how the pandemic has impacted superannuation and the broader economy.
Dana Fleming, Assistant Commissioner of the SMSF Segment at the ATO, provides useful insights for SMSF trustees about current issues such as the early release of super process, providing rental concessions for tenants and the change to the minimum pension drawdown rates.
Experienced investors are holding their nerve and anticipating buying opportunities in the year ahead.
A major market fall is always bad news for investors, especially retirees who have limited time and opportunity to recoup losses. But the impact of losses on your pension income is all in the timing.
Our community is being economically hit ‘to save the oldies’ – especially with existing health conditions. Should we older people be grateful? How and why could we contribute?
With sharemarkets swooning, interest rates being cut and super balances dropping, many retirees are starting to worry about their finances. Here’s our 10 suggestions to stretch your retirement income.
When sharemarkets fall and people start panicking, it’s easy to think the best solution is to sell your investments or swap out of your super fund investment option. But it’s a decision that could cost you dearly.
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to the coronavirus pandemic.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg unveiled details of the stimulus packages on March 12 and March 22, saying they have three priorities: to keep people in work, keep businesses open, and ensure the economy bounces back when the spread of the virus abates.
With Australia now facing a severe economic (and health) crisis, there are calls to allow people to access their superannuation to obtain cash.
The Coronavirus pandemic is taking the world into unchartered waters, both in terms of public health and personal wealth.