Most of us dream of the day we can stop working and start ticking off our bucket list. Whether you dream of cruising Alaska, watching the sun rise over Uluru, improving your golf handicap or spending time with the grandkids, superannuation is likely to be a major source of your retirement income.
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.
Running your own Self Managed Superannuation Fund (SMSF) can be time consuming, but it’s about to get a little easier thanks to a change announced in the May 2018 Budget.
Tax should never be central to any investment decision you make, but it still has an important role to play. What that means is your investments should be tax effective rather than tax driven.
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