How to play catch up with your super Now you can put more into super at the concessional rate of tax, starting from the 2019-20 financial year Putting more money into the tax-friendly framework of superannuation to help you enjoy a fulfilling retirement… it’s one of those things that seems like a no brainer, especially with the benefit of hindsight. In a recent report Australians in retirement said that making extra super contributions was the …
Six forces driving Australian equity portfolio returns We are now in the late stage of the business cycle when a range of risks and opportunities are being thrown up at Australian equity investors. These reflect changes in fast-moving global markets, domestic policy choices and the evolving priorities of local businesses. These changes will create exciting opportunities for some Australian companies but throw up challenges for others. 1. The global economy is becoming more volatile The …
See how you can cash in on government co-contributions If you’ve made an after-tax contribution to your super fund, you might be eligible for a co-contribution of up to $500 from the government. Did you know the government may add up to $500 to your super fund, if you’re a low to middle-income earner who has made an after-tax contribution to your super? If you’d like to know more, we explain how government co-contributions work, …
Government pulls back on proposed changes to super The government has made significant changes to several of its plans around super reform. The government has announced changes to three key 2016 Federal Budget proposals—the most significant being that it would not go forward with its proposal to introduce a $500,000 lifetime cap on non-concessional (after-tax) super contributions. In a nutshell the new proposals include: From 1 July 2017, the existing annual cap of $180,000 on …
Government pulls back on proposed changes to super The government has announced changes to three key 2016 Federal Budget proposals—the most significant being that it would not go forward with its proposal to introduce a $500,000 lifetime cap on non-concessional (after-tax) super contributions. In a nutshell the new proposals include: From 1 July 2017, the existing annual cap of $180,000 on after-tax super contributions will be reduced to an annual cap of $100,000. The proposed …
Government support in retirement What is the Age Pension? The purpose of the Age Pension is to make sure you have enough income in retirement. It is a fortnightly payment made by the government to help you meet the cost of living, if your retirement savings are below a certain level…. Read More>>> Download the free PDF file
Super in a nutshell If your super’s in the too-hard basket, read on so you can take control and make the most of your money. The Australian superannuation system comprises money from working and retired Australians. All up, it’s projected to total $8 trillion by 2033[1] and some of that is likely to be your money. If you take an interest in your super today, you may have more in your hand down the track. …
Relationship breakdown It’s a sad fact, but according to figures released by the Australian Bureau of Statistics in 2012, there were 49,917 divorces granted in Australia, an increase of 982 (2.0%) compared to 2011. People between 40-44 years of age had the highest percentage of divorces granted, with 16.9% of males and 17.6% of females being granted a divorce falling in the age group in 2012. In the midst of all the emotional turmoil caused …
Already retired Have you reached your retirement age yet you feel you’re not yet ready to give up work altogether? If you’re eligible for the Age Pension, the government offers incentives for working people to defer claiming it. On the other hand, if you’ve independently funded your retirement, you may benefit from keeping track of, or restructuring, your finances so you can maximise any government entitlement. Some questions you may wish to consider …
