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.
We discuss whether implementing the new reduced minimum for your pension payment is a viable option for this financial year. Reducing your retirement income is an important decision that can impact your lifestyle, so we have outlined some of the points to consider.
Taxes… they are one of the two certainties of life. You can’t avoid them, but there are ways to reduce your liability… especially when it comes to capital gains tax. We look at strategies within your super to help minimise the amount of CGT you pay when you successfully sell your assets.
Sequencing risk can impact your retirement income… but our unique Investment Philosophy allows us to build portfolios that are robust enough to withstand the market volatility that triggers the effect.
Happiness… the state of being happy, cheerful, contented. Enjoying a pleasurable or satisfying experience. It is definitely something that we all strive for – to be happy. And when we reach our retirement, we really want to make sure that we achieve it!
As the workforce changes, many people are regularly moving between jobs… and with every new employer, it’s not uncommon to leave the set-up of superannuation to the accounts department. Therefore, it’s entirely possible that by the time you reach the age of 40 you may have multiple super funds.
