Money mistakes people make in their 50s and 60s Online source: Produced by AMP Life Limited and published 14 June 2017. Original article. Print source: By AMP Life Limited, originally published on 14 June 2017 on amp.com.au/news Avoid these common money traps to make sure you have enough put aside for a comfortable retirement. When […]
Cashflow improvement in just eight simple steps Imagine feeling on top of your finances. Knowing you’re in a position to enjoy your life today, while also saving for tomorrow. If that sounds good to you, you’re not alone. In a recent survey, 54% Of Australians aged 55-64 strongly agreed they’d like that too. Yet, many […]
Pick your concession From 1 July this year, if you are an employee, you may now have a choice of two ways to make a tax concession contribution to your super. What’s changed? Prior to 1 July 2017, if you earned more than 10% of your income from eligible employment, you could not make personal […]
New contribution opportunities New super rules that took effect on 1 July this year have created new contribution opportunities to super. Consider making personal deductible contributions Prior to 1 July 2017, if you earned more than 10% of your income from eligible employment, you could not make personal deductible super contributions (PDCs). This ‘10% income […]
The 3 biggest SMSF threats investors face in 2017 Note: SMSFs are not appropriate for all investors due to the time, cost and responsibility involved in managing and SMSF and because they are not cost competitive for lower account balances. Market volatility, investment selection and regulatory changes are the most prominent investment challenges SMSF trustees currently face, […]
Binding nomination: what you need to know? Also, did you know that your super is not normally dealt with as part of your will? Your super is held by the super trustee on your behalf and therefore the trustee may have a degree of control over who receives your super benefit if you die. There are […]
Total superannuation balance A person’s total superannuation balance (includes both tax-free and taxable components) at a particular time will, very broadly, include: i. the value of their accumulation phase (including any defined benefit) superannuation interests, and the balances of Transition to Retirement (TtR) income streams, plus ii. if they have a transfer balance account (ie […]
With the end of the financial year fast approaching, it’s a good opportunity to have your super savings reviewed by a superannuation expert. A simple conversation today could help you build for a better lifestyle tomorrow—as well as keep a few more tax dollars in your pocket this financial year. OVER 55? MORE END OF FINANCIAL YEAR STRATEGIES […]
The latest round of figures showing rising home equity values in almost all our state capitals highlights how many Australian retirees could have a valuable resource at their fingertips. Older Australians, who may not have enjoyed the benefits of employer-paid super for their entire working life, can face the prospect of a lean retirement. However, […]
