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?
On 22 March 2020 the Federal government announced a temporary measure allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019/2020 and a further $10,000 in 2020/2021.
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.
On 22 March 2020 the Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years.
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 (COVID-19) pandemic.
Younger retirees might like to consider moving their funds back into accumulation phase for the time being.
Five super funds continue to hit new members with pandemic exclusions
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.
On 22 March 2020 the Federal government announced that from 1 May 2020 the deeming rates would be lowered to 0.25% (lower rate) and 2.25% (upper rate).
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.
Noel Whittaker, Scott Pape and other experts discuss how to think about the Coronavirus in relation to your super and retirement.
Over the last couple of weeks the major super funds have generally been proactive in communicating with their members about what the recent Coronavirus-related sharemarket falls mean for Australians and their super. In this article we’ve summarised some of the key points that the major super funds have been passing on to members.
Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences for investors.