If you are planning to retire in the coming year, you might already be knee-deep in details and logistics… but we’ve put together a list of some of the best places to retire in Australia. If you are thinking about making a move, then here are some ideas of locations you could consider.
As you get closer to retirement, boosting your super balance is always at the top of the financial to-do list. If you happen to receive a financial windfall or sell a significant asset, applying the super contributions bring-forward rule could be a useful strategy.
If you are a business owner, it’s important that you are familiar with the Government’s small business capital gains tax (CGT) concessions. The concessions can offer significant financial benefits, depending on your personal situation and how long you’ve owned your business.
On 31 August the Australian Prudential Regulation Authority released results from their first MySuper Product Performance Test. We take a look at these results and Chris Crough, First Financial Principal, discusses why our clients are protected from this poor super fund performance.
We talk about the importance of superannuation a lot. It is a critical part of making sure you are financially prepared for retirement. But there is so much more to it than just saving for the future… there are a lot of benefits that you can access if you are with the right fund and structure your super effectively.
In the May 2021 Federal Budget, the Government announced their intention to remove the superannuation work test rule as it has been difficult to police. But until that happens the current work test will remain the same. We take a closer look at existing rules and explain more about the work test exemption.
Deciding to enter aged care is a big decision… and one that most people don’t necessarily want to think about. But at some stage of our lives, most of us will need extra support and we know that being well prepared can make it an easier process.
Retirement isn’t a time where you surrender yourself to old age. It’s a new chapter, without the worries of work and filling most of your days with the goal of earning a living. It’s freedom to live the way you’ve always dreamed. It’s liberation, relaxation and, daresay, even fun.
When it comes time to retire, you want the transition to be smooth and stress-free. It’s important to arm yourself with some knowledge of how taxation works within retirement and how different income streams are taxed.
There is never a good time – or age – to be out of work. But for those over 60, it can feel particularly painful. If you have lost a job or been made redundant, the hardest part is knowing what to do next.
