Besides being a great way to save for retirement, Australia’s super system offers some valuable – but little-known – benefits for super fund members. Here’s our list of the top 10 super benefits and how they can help improve your financial situation.
How to make sure the people you love get the inheritance you had planned for them.
Making decisions about money at an emotionally difficult time can be challenging. Putting in place strategies when you are both fit and well can help in the future. We look at three different scenarios that can help save you money and may reduce tax liability.
When you retire, there are lots of decisions to make about whether to take a lump sum or start an account-based pension. You also need to decide how you would like the remaining balance of your super account to be distributed when you die.
If you have a valid will in place when you die, most of us assume it’s simply a matter of our executors taking care of all the paperwork and paying out our remaining assets to our beneficiaries in the proportions listed in the will.
When you die, the tax man can be pretty quick to put his hand out to take his cut, and this also applies to the balance of your super account.
If you are wondering how recent rule changes have affected your super and retirement plans, here’s a quick guide to the key changes and when they commenced.
Take the following 10 question quiz to test your knowledge on how to plan for your retirement.
An anti-detriment payment is an additional lump sum amount paid to the eligible dependant of a super fund member who dies (in addition to a lump sum death benefit that is paid to the dependant on the super fund member’s death).
In this article we will look at how life insurance inside super works, ideal cover, premiums, claims and taxes, and get the thoughts of an independent financial adviser on how life insurance in super can be effective for estate planning.
It is amazing how many times I have been told when taking instructions on a new or updated will that “my affairs are quite simple”. That statement may be true of course but simple is a relative term. As an example, if you want to achieve the more common goals of protection of assets and reducing tax, and who doesn’t, then most likely a TTW will be advantageous for you.
Simply put, superannuation is money you put in a super fund while you are working to provide income later in life when you retire.
In this article we highlight some tricky areas, reinforce the need for proper estate planning and updating, and suggest strategies to manage certain situations.