Super

A relationship has been established around superannuation and mortgage debt that could impact the stability of your retirement. As prospective Australian retirees approach their preservation ages and retirement, those who are yet to own their own homes may struggle to maintain a comfortable retirement. Retirement plans often work out a prospective financial situation, and assume […]

Employees will no longer need to meet the monthly minimum income threshold of $450 to receive superannuation guarantee payments from their employers from the 1st of July 2022. At this point in time, employers are not required to pay super guarantee payments to their employees if they have not earned $450 per month. It does

How can I get my super if I am under 65 and still working full time? It’s a question that we often encounter from the not-so-soon to be retirees of the workforce. Many people may not be in a position to be giving up their full-time job in order to gain access to some or

As you grow older, your aim may be to live a long, happy and healthy life. This is hopefully with the mental capacity to make your own financial and lifestyle decisions, and the appropriate superannuation to fund it. But not everyone is always able to do this as they grow older. In the worst-case scenario,

First and foremost, Labor has announced that it will not overhaul a “tsunami” of changes to superannuation.  This is good news as change only undermines confidence in the existing system. Labor is the author of our current superannuation system though significant changes to it have also been made by different Liberal governments.  It was the

Investing through superannuation is often done due to the lower tax rates on super than what most people actually have to pay. A super fund only pays 15% tax on what the fund receives. When contributions are made to the super fund, it will only pay 15% tax on those contributions. If you’re in a

The way in which a self-managed super fund is structured could change its legal compliance requirements. If you are in the process of setting up an SMSF, you will need to make a decision about how to structure it appropriately to suit.  An SMSF can be structured as a single-member fund or a multiple-member fund,

With a significant number of Australians approaching retirement and looking at the best ways to maximise their retirement assets and income from their super for it, retirement planning makes sense.  Unfortunately, there are those who want to target people approaching and planning for their retirement with schemes designed to ‘help’ retirees and prospective retirees avoid

Australia’s SMSF sector has experienced tremendous growth over the past decade, with a vast majority of funds now being set up with two members, usually a husband and wife or de facto couple. While sharing an SMSF has become a popular option amongst couples, SMSF members need to be aware of the rules that govern

One of the benefits of setting up an SMSF is controlling your investments. While this sounds enticing, the downside is that they involve a lot more time and effort. They are also often the targets of fraud and scams. Firstly, SMSFs require a lot of ongoing investment of time: Aside from the initial setup, members need