Your retirement savings may have to work longer than you do

posted in: SMSF, Superannuation | 0

On average, Australians expect to live to about 81. We expect to start work at about 20 and then retire at 65. Which means that you would have 45 years of work in which to save enough to live on for 16 years of retirement. Our research shows a vastly different picture. Longevity is trending upwards Life expectancy data changes as you attain older ages:  A couple both aged 65 today has a 50% chance that one will live beyond … Read More

Superannuation is a political football

  Read the Transcript: Superannuation is a political football. No wonder they keep moving the goal posts. Every year, it seems, they change the rules – the retirement age, the contributions cap, and so it goes on. No wonder one in three Australians are concerned about legislative changes* being made to super – what they mean and how to work with them. It’s a cause for concern, but it helps to keep it all in perspective, give all the factors their … Read More

Too much cover?

posted in: Superannuation | 0

In Australia, Life Insurance and TPD Insurance is typically included in your super – by default. Generally this is a good thing, but if you’re one of the 4 in every 10 Australians who have more than one super fund, it may not be a good thing at all. Why? Because, unless you’ve opted out of insurance with your other funds, you’re essentially duplicating your cover AND your premiums.  As you can see below, this can have a massive negative … Read More

How to Downsize and Increase Your Super

posted in: Superannuation | 0

You may have heard of downsizing before, which is when you move from a larger home into a smaller one that suits you better at a different stage in your life. Now there is a new category of superannuation contributions. It’s called Downsizing Superannuation Contribution. It allows older Australians to contribute more to their superannuation fund simply by downsizing from a larger home into a smaller one. The scheme will be open to take contributions for the sale of a … Read More