Superannuation could be about to undergo more change with the federal opposition announcing it will end cash refunds of franking credits on share dividends if it wins the next election.
Transition to retirement still a smart move
They say 60 is the new 40. And while it’s true that today’s over 50s are healthy and active for longer than previous generations, many in this position begin to dream about scaling back their work commitments so they can start ticking off their bucket list.
Retirement villages: look beyond the brochure
They are marketed as being the optimum lifestyle choice for recent retirees, often in ideal locations with all the facilities for a stress free lifestyle. But with complex fee structures and inconsistent regulation, retirement village living should be approached with caution.
Time to review transition to retirement pensions
Amid the major reforms to superannuation that took effect on 1 July, some significant changes to the tax treatment of your Transition to Retirement Pension (TTR) may have flown under the radar. Some individuals will be affected more than others
Busting the $1 million retirement myth
It’s often been mentioned that $1 million or more in superannuation savings is needed to live a comfortable retirement. This is a daunting figure for most of us and, unsurprisingly, has many Australians concerned about the kind of retirement lifestyle they have to look forward to.