A transition to retirement strategy could allow you to work less, or work the same hours and increase your superannuation, without reducing your take-home pay. Even if you’re nearing retirement age you mightn’t be looking to leave the workforce just yet. Maybe you want to save more money or perhaps you enjoy the interaction and […]
Online source: Produced by AMP Life Limited and published on 23 March 2015It can be hard to know where to start or what’s ahead when you embark on setting up your own self-managed super fund (SMSF). The good news is AMP can help you every step of the way: Start with financial advice An SMSF isn’t […]
Online source: Produced by AMP Life Limited an published on 29 October 2015.Find out what it is, how it works and why it matters to you What is diversification? Diversification is a risk strategy that lets you ride the ups and downs of investing. It reduces your exposure to risk, so your investments won’t be […]
Many Australians are dying richer than the day they retired because they are only withdrawing the government-mandated minimum amount from their super to live on, new research shows. 1. New research shows most people spend super conservatively 2. Study based on ATO and super funds data from 2004 3. Researcher says findings highlight need for […]
SMSF Insurance PlanOnline Source: CommInsure SMSF plan, September 2013Trustees have a legal obligation to consider holding insurance to provide cover for their members should serious illness or injury occur. Since 7 August 2012, trustees of self-managed super funds (SMSFs) must also consider and document the insurance needs of their members as a part of their […]
Being able to own property directly through an SMSF also has its appeal, as does the ability an SMSF gives you to move quickly and change your investments in response to changing markets. There are also good estate-planning opportunities, which can give trustees a greater level of certainty over who their super will go to when […]
Here is a list of 5 Steps which will ensure that your SMSF is tax-ready!1. Give noticeIf you’re planning to claim a tax deduction on your personal super contributions, you’ll need to complete a Notice of Intent with your personal income tax return. You can download this form from the Australian Taxation Office website. And […]
Self-managed super funds have become a popular way for Australians to build their retirement savings.Those members collectively hold more than half a billion dollars in superannuation assets, approximately 16% of which is invested in direct commercial and residential property.Property, along with Australian shares (32%) and cash and term deposits (28%), make up the bulk of […]
Find out how to sort out your super to stay on track with your financial goalsOnline source: Produced by AMP Life Limited and published on 26 August 2015Most Aussies are married for just 12 yearsIt’s a startling fact, but according to the Australian Bureau of Statistics, the average duration of marriage in 2013 was 12 years, […]
