You’re probably fairly used to helping your family out with a little extra cash here and there. Whether it’s pocket money for doing chores, or money to pay phone bills, go see a movie or buy clothes, for example. But what happens when they put their hands out for help to buy the big ticket […]
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 […]
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 […]
“If you have a spouse and have (or are likely to have) more than the $1.6 million super cap, there are things you can do to improve your situation when you retire.” The $1.6 million super cap From 1 July 2017, there is a limit on how much super you can transfer to ‘retirement phase’ […]
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 retirement countdown As retirement looms it’s important to ramp up your planning – financial and otherwise.The following checklists are designed to remind you of some of the key things you should do at different stages on your road to retirement. As you’ll see, you may need to reassess some of the same questions at […]
Gut instinct does not help in finance One of the marvelous aspects of living in the digital age is the ready availability of information. It’s a far cry from the days when we often made decisions based on a hunch, and that’s just as well. Research by broking group Mortgage Choice confirms that one in three […]
