Superannuation

Super Balances eroded for blue collar workers

Super balances eroded for blue-collar workers

Joanna Mather from the Financial Review writes insurance premiums for blue-collar workers can wipe as much as $600,000 from their final retirement balance but white-collar workers fare much better, new research by Rice Warner shows. At the extreme end, a 21-year-old worker who falls into the “heavy manual” category and joins a fund that charges…
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retire rich 2

Plan To Retire Rich

“In matters of personal finance, retirement may be the single most important issue of our times.” Says Roger Shorr. Surprisingly, far too few individuals do any meaningful planning for their golden years. Contributing to a 401(k) or IRA is important, but you must do more to ensure a financially successful retirement. Most investors should be…
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Self Managed Superannuation

Some of the reasons why we utilise Self Managed Superannuation (SMSF) is as follows: Be able to control and be actively involved in the investment decisions in relation to your superannuation fund. Have the option of investing in particular types of assets not commonly available through other types of superannuation structures such as warrants and…
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What Are Your Options?

Options for Establishing a Self Managed Superannuation Fund Self Managed Superannuation is the Rolls Royce of superannuation vehicles. However it is essential to know what requirements need to be completed. You need to decide what you are capable or willing to do yourself and what you need professional assistance with. Want Professional Assistance in All…
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Why you need a SMSF expert accountant

The SMSF Association suggested that about 90 per cent of SMSF trustees have an accountant to do their tax returns and administration. Costs generally should be between about $2000 and $3500 a year, including the audit. If you’re paying more for your tax, you’re probably paying too much. Financial advice will be additional and in…
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How discount SMSF players are clipping the ticket

How discount SMSF players are clipping the ticket

The self­ managed super fund industry is being undermined by low­ cost platform providers charging hefty commissions and enjoying cosy relationships with the banks, writes the Australian Financial Review’s James Frost. A new wave of entrepreneurs is keen to carve out a slice from Australia’s $550 billion self­managed superannuation market. John Woudstra Heavily discounted platforms…
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Pension changes will impact retirement adequacy

Pension changes will impact retirement adequacy

Impending changes to the aged pension asset test thresholds will have a significant impact on the number of couples able to achieve a comfortable retirement, according to new research from Willis Towers Watson (WTW). The joint research from WTW and The University of Melbourne explores how retirement income adequacy has progressed in Australia. It finds…
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Superannuation and your estate

Superannuation and your estate

The times in which we live allow individuals superannuation fund amounts to grow and as a result a significant percentage of the portfolio will pass through to beneficiaries upon death of the superannuation account holder. As, how do we make sure superannuation is effectively managed with the remaining Estate’s assets? Binding Death-Benefit Nominations (BDBN) are essentially…
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