Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age. Throughout your super journey, you will experience the ups and downs of bull and bear markets so it’s important to keep your eye on the … Read More
With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise. But these small changes could have a big effect on the amount of money that ends up in your nest egg when … Read More
Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1. From that date, first home buyers will be able to contribute up to $30,000 into their super fund towards a home deposit while downsizers can put up to $300,000 of the proceeds of selling the family home into super.
Owning your own home has long been the Australian dream but after years of strong house price growth it’s becoming less of a reality for many. This has major implications for retirement planning. The major factor behind the shifting approach to home ownership is the prohibitive price of property, particularly … Read More
Below we have outlined some key information coming out of the recent 2017-18 Australian budget. Housing Affordability & Superannuation First Home Super Saver Scheme The Government will help Australians boost their savings for their first home by allowing them to build a deposit inside superannuation. The issue Australians are entering … Read More
The Treasurer Joe Hockey’s ‘no surprises’ Federal Budget involves limited superannuation and taxation changes, with a number of key measures having been announced prior to Budget night. Of note is the Government’s announcement that it will reform a number of family assistance measures, as well as the means test for … Read More
The rules surrounding the treatment of income being paid from your superannuation pension has changed from 1 January, 2015. Previously, for an account-based pension, Centrelink used the total sum of your pension payments for the year and would then subtract a deductible amount to work out how much income they consider. It does sound technical, … Read More