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.
June 30: Get your (financial) house in order
Time is running out to get your financial house in order before 30 June. This is especially the case for anyone who has funds available to make a large cash injection into their superannuation retirement savings before the rules change.
2017 Federal Budget – How will it affect superannuation?
The Budget was handed down on Tuesday 9 May 2017. Gone is the mantra of debt and deficit. First home savers, downsizers and small business are winners in Treasurer Scott Morrison’s second Budget – while taxpayers face an increase in the Medicare levy. The Treasurer has focused on fairness, security and opportunity; a ‘practical budget’, […]
How to make retirement less taxing
Planning your retirement isn’t just about what you are going to do once you stop work. It’s also about planning the actual process to make the most of your accumulated wealth. This includes tax planning.
Countdown to super deadline
The clock is ticking for investors who want to take advantage of the more generous tax concessions available in super this financial year. As of 1 July, new rules come into effect that will reduce contribution limits.