There are a number of reasons why some Australians have both an APRA regulated superannuation fund as well as an SMSF. Still, first, it’s essential to understand the differences between the two. According to the Australian Prudential Regulation Authority (APRA) and the Australian Tax Office (ATO), Australians have around $3.5 trillion in superannuation investments, spread across more than 23 million different super fund accounts.
Every year we closely scrutinise the results of the annual report from international research firm Morningstar about their view of what a so-called ‘safe withdrawal rate’ from a diversified investment portfolio is for retirees. What is surprising is that the report indicates a higher rate than a year ago.
Every year we closely scrutinise the results of the annual report from international research firm Morningstar about their view of what a so-called ‘safe withdrawal rate’ from a diversified investment portfolio is for retirees. What is surprising is that the report indicates a higher rate than a year ago.