The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.
Five common financial mistakes people make just before retirement
Preparing for retirement can be fraught, and keeping on top of your superannuation may not be front of mind. We take a look five of the common mistakes that pre-retirees make, and ways to avoid them.
Have you got an exit plan? The importance of estate planning
How to make sure the people you love get the inheritance you had planned for them.
Multi-generational SMSFs: Benefits and pitfalls
Is it a good idea to have a family SMSF? We look at the pros and cons of being a family that saves together.
Super strategies after losing your spouse: What are the rules?
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.
Who gets your super when you die? A guide to death benefit nominations
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.
A simple guide to what tax is payable on super death benefits
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.
Life insurance through super: A definitive guide
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.
Surely I don’t need a testamentary trust will (TTW)?
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.
Re-contribution strategy: What is it and how can I use it with my super?
Using a re-contribution strategy with your super sounds complex and mysterious, but in reality the name says it all – you withdraw some of the savings in your super account and then you re-contribute them back into the super system.
Estate planning, super and SMSFs: Getting your house in order
In this article we highlight some tricky areas, reinforce the need for proper estate planning and updating, and suggest strategies to manage certain situations.