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 …
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 …
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 …
Caring for our elders at Christmas We can all feel the pressure on our household budget during the festive season. But when that pressure gets passed on to older family members as a request for a handout or loan, financial abuse can end up being the outcome. Find out more about elder financial abuse, what to watch out for and what to do about it. What is elder financial abuse? According to the World Health Organisation, …
Not just about the money Thinking of a new job in the new year? With wage growth staying low, better benefits and work-life balance could be something to look for in your next role. Find out about the latest workplace trends for supporting employees with their health, finances and work-life balance. The salary ceiling While the wage growth rate in Australia for 2018 may be up on last year, it’s still very low with second …
How much super should I have? It’s all very well having retirement savings as a financial goal, but just how much should you plan to have in your super balance now, and when you retire? Find out more about coming up with a super balance target, for your age group, and for the retirement lifestyle you have in mind. Above or below average? Assuming you’ve been in the workforce for a few months, years or …
What to look for on your super statement Super statements come but once a year (or twice with some funds). When yours arrives, it’s important to take a proper look because it could become one of the biggest assets you’ll ever have. Here’s our quick guide to what you should watch out for and why. 1. Personal details Check your name and address are present and correct. Not having the right details could lead to …
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 …
25 million & growing: What to make of Australia’s pop milestone On 7 August 2018 the Australian population has edged past the 25 million mark. What could this mean for the future financial wellbeing of everyday Australians? Hear from CERTIFIED FINANCIAL PLANNER® Professional Tony Sandercock of wetalkmoney about the potential impact of a bigger population on finances and retirement outcomes. According to McCrindle Research, the Australian population reached the 25 million mark earlier this month[1]. If you were …
Super – so what? For some people, super may be the most valuable asset they’ll ever have. So it makes sense to know how much they have and how it’s invested. But it’s very often the case that young people, in particular, see super as being something that’s of low concern. So how can the super industry get young people interested in something they won’t benefit from for years to come? With home ownership rates …
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