Currently Browsing: Superannuation

Stop tinkering with our superannuation

superannuation

Does superannuation need a break from the constant tinkering and ad hoc review and reform to rebuild consumer confidence in the system?

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SMSFs and the pension cap: a case study follow-up

pension cap changes

A recent article on Cuffelinks set the scene for how SMSFs will need to re-assess their pensions under the $1.6 million pension cap. The comments and questions received highlight the complexity of this reform for SMSF trustees. To further decode the changes, SMSF Technical Services Manager at Accurium, Melanie Dunn found four key questions regarding these reforms: how will member

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Boost super before new rules set in

Superannuation

Superannuation members should seek to maximise their super contributions to utilise any unused parts of their current cap by the end of the financial year, according to Townsends Business and Corporate Lawyers. The law firm’s solicitor, Julie Hartley, said under new rules stipulated in the 2016 Federal Budget, super members would no longer be able

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Be your own Santa – get your super back

missing super

If you are wrapping up the end of the year and moving into retirement, now is the time to check for any missing super. Australia’s peak superannuation body, the Association of Superannuation Funds of Australia, is urging hundreds of thousands of Australians with forgotten or inactive super accounts to reclaim their money before it goes

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Superannuation changes

Take control of your retirement

The Federal Government has announced sweeping changes to the superannuation system, it will save nearly $3 billion dollars and create a sustainable system for years to come, the ABC reports. The Government is set to impose a $1.6 million cap on the amount of tax-free super savings a person can hold in retirement, coming into effect

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Biggest financial stress for working seniors is retirement

losing money

Retirement is the number one cause of financial stress for Australian workers over 50, according to AMP research released today. The research, undertaken by AMP for its 2016 Financial Wellness report, revealed the stress increases with age with 28 per cent of financially stressed workers over 60 are stressed about not having enough in retirement.

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ASFA: Super package should be passed

The Association of Superannuation Funds of Australia (ASFA) supports the government’s revised superannuation package announced this morning and urges the Parliament to pass the changes as soon as practical, in order to provide certainty for people saving for their retirement. The revised superannuation package drops the controversial $500,000 lifetime non-concessional cap on fund balances, backdated

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Make your super work for you

Many people are confused and worried about how the proposed budget changes might affect their super savings. Given this environment of change, it’s important to have a look at how to best structure your superannuation with your long-term goals in mind and the financial provisions you should put in place for your retirement, writes Pauline

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Will your super last long enough?

One of the great concerns for retirees is whether their retirement savings will be enough for the rest of their lives. And yet over 90% of retirees don’t know if their super will last long enough. The Association of Independent Retirees [A.I.R] Gold Coast president, said: “Baby boomers moving into retirement these days can expect

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The Budget’s Impact On Superannuation “Not Mature”

Changes to superannuation – in particular the capping of it – has drawn the attention of retirees nationwide over night, and the Association of Superannuation Funds of Australia (ASFA) CEO Pauline Vamos has dubbed many of the changes “not mature”. The total package involves over $3 billion in net additional tax revenue being raised over

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