While as a nation we collectively face a large retirement savings gap, there are a number of smart things you could consider doing to help make sure your future financial security isn’t at risk. The savings gap Most Australians are financially unprepared for retirement, partly because we are living longer than ever before and we […]
Australians with the best life expectancy in history will have to work longer in order to be able to fund their retirement. But new research has found only half of all working Australians will be healthy enough to work in to their golden years. The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has […]
The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has found that although the pension age may rise to 70 if the Government’s proposed legislation passes, many people in their 60s simply aren’t going to be healthy enough to work that long. The report found that in 2035 one in four men and one […]
Australia is one of the world’s most multi-cultural countries, with one quarter of our population born overseas. According to the AMP.NATSEM Income and Wealth Report, Calling Australia Home, the biggest percentage of migrants still come from mainly English speaking countries, with the largest number arriving from England (19 per cent) and New Zealand (9 per […]
Transition to retirement (TTR) strategies are a great way to boost your super savings while you’re working. And with the end of the financial year fast approaching, it’s a great time to start making smarter decisions about your money. If you’re already using a TTR strategy, make sure you review this before 30 June to […]
The transition-to-retirement (TTR) strategy allows individuals who have reached their preservation age (currently 55) to access their preserved superannuation in the form of a non-commutable income stream, known as a transition-to-retirement income stream. A TTR income stream can be used to top up an individual’s cash-flow where they choose to reduce their working hours as […]
Is retirement on the horizon for you? Have you started to think about what that means? Here’s a checklist to help gather your thoughts. As you enter the home stretch, the concept of retirement is slowly becoming more real. You’re starting to think more clearly about what sort of retirement you’d like. Spring is a […]
You may need to review your transition to retirement arrangements in light of changes to the way superannuation contributions are taxed. Are you an Australian making the transition to retirement or would you say you’re a high income earner? If you answered yes to either question, you may need to take note of some of […]
