Category: Money & Life – Work & Retirement

Early access not so super for women | Money & Life

Early access not so super for women The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth explores the reasons why a super withdrawal at this time could leave women financially vulnerable. The Australian Government’s …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Get on top of your finances post COVID-19 | Money & Life

Get on top of your finances post COVID-19 As lockdown restrictions begin to ease Australia-wide, a new normal is emerging for businesses and employees. Here we explore the roadmap out of lockdown and what lies ahead for our finances. While it’s too soon to say what the post-lockdown economy will bring, for many Australians life won’t be quite the same as it was before COVID-19. Record job losses, reduced hours of work and the deferral …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

COVID-19: Withdrawing super – what to consider | Money & Life

COVID-19: Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Withdrawing super – what to consider | Money & Life

Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income due …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Where is your cash flow taking you? | Money & Life

Where is your cash flow taking you?  When you compare your current lifestyle, expenses and savings with what you’re planning for in retirement, does it all add up? Find out why it’s important to balance your cash flow now with the super savings you’re going to need in retirement. Living from pay cheque to pay cheque is something that many Australians are used to doing. In fact, based on levels of personal debt, quite a …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Retirement planning: new insights on what clients need most | Money & Life

Retirement planning: new insights on what clients need most What can make the biggest difference to wellbeing in retirement? According to the new Best Possible Retirement Index (BPR Index©) from CoreData, having more in super savings isn’t always the answer to living a better life in retirement. Typically, Australians worry about money more than they worry about anything else and this can have many negative impacts on our lives. The good news is that financial …

Blog / FP - Financial Planning / Money & Life - Professional / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / /

Working in retirement | Money & Life

Working in retirement Work Bonus is an incentive for pensioners to work past retirement age. It allows pensioners to earn more from working each fortnight before their pension payment rate starts to reduce. Retirement can often feel like a lifetime coming. But once you actually get there, it can be both exciting and a little bit daunting. It’s a major life adjustment, and particularly so if you’ve spent decades in the workforce. It’s important to …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / /

Is it time to throw out the retirement planning rulebook? | Money & Life

Is it time to throw out the retirement planning rulebook? A ‘mix and match’ approach to advice is replacing one-dimensional thinking around retirement income. Based on their attractive tax treatment, other than the Age Pension, account-based pensions (ABPs) remain a retirees’ primary and often only source of retirement income. However, given that the likes of ABPs and term deposits are agnostic to the individual objectives of retirees, there is a growing appetite by financial planners …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Innovative income streams untangled [CPD Quiz] | Money & Life

On July 1, 2019, innovative superannuation income streams became a viable offering for product providers, financial planners and clients. However, the rules governing these new income streams, also referred to as Comprehensive Income Products for Retirement (CIPRs), are complex. On July 1, 2019, innovative superannuation income streams became a viable offering for product providers, financial planners and clients. Such income streams, also referred to as Comprehensive Income Products for Retirement (CIPRs), were given a significant …

Blog / FP - Financial Planning / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Super – know your rights

Super – know your rights Unpaid super isn’t something to be taken lightly. No matter who you work for, it’s their responsibility to make payments to you under the super guarantee. Find out more about how much super you should be getting, how often and what to do if there’s a problem. Rescuing your super – unclaimed or unpaid There’s a staggering amount of superannuation that may never find its way to the people who …

Blog / Money & Life - Work & Retirement / Money & Life by FPA   / / / /