The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost. But is the picture totally rosy, or…
The superannuation rules have become simpler and more generous over the years, but understanding what they mean for you can still seem confusing. Here is a simple explanation of super contributions. Just refer to the table below for specific details and read further for a longer explanation under the age group that relates to you.…
Ensuring the health of your superannuation is paramount for securing your financial future. Just like an annual physical examination, conducting a regular “Super Health Check” can help you optimise your retirement savings and protect your financial well-being. By following these five simple steps, you can take control of your superannuation and ensure it aligns with…
In recent years, market volatility has once again tested the nerves of investors. From the post-COVID recovery to ongoing geopolitical tensions, persistent inflation, and rising interest rates, many are questioning how best to position their investments for the future. For retirees, the challenge is even greater, finding reliable income while preserving capital isn’t easy in…
The introduction of compulsory superannuation in 1992, embedded the concept of retirement saving into our investment psyche. While Australia’s superannuation scheme has its complexities, the idea is simple: regularly contribute a percentage of earnings to a complying superannuation fund to provide financial support upon retirement. Well, that’s the plan. But what happens if your savings…