Changes to super contribution rules for over 65s
The Federal Government has updated superannuation laws to allow older Australians to contribute to their super for longer. Work test to apply from age 67 The government has increased the…
COVID-19: How long may your super savings take to recover?
As investment market volatility continues, what does this mean for Australians’ retirement savings? The COVID-19 (coronavirus) crisis has caused uncertainty in many areas of life, not least on investment markets….
Boost your super in the lead up to retirement
As you approach retirement, it could be a good idea to consider giving your super a boost. If you’re looking at retiring in the near future, your savings will soon…
COVID set to ruin retirement plans
Australians are becoming increasingly gloomy about their retirement prospects, with many believing that the flow-on impact of COVID-19 will mean they will have to work longer, new research has found….
Treasury underestimates early super by $15bn
The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 billion at the start of the scheme.
Why timing is everything in retirement
Older Australians who are looking to have a fruitful retirement have been advised to carefully consider timing, with a bad year early on in retirement having the potential to wreak…
Will I be able to afford my desired lifestyle once I stop working?
According to Stanford Brown private wealth adviser Todd Stanford, the answer really depends on a few factors, and the answering of a few questions. Questions like: What is your net…
Australians remain pessimistic about retirement outlook
Australians are no longer confident of a comfortable retirement despite the impact of COVID-19 expected to be short-lived, new research finds. Survey results from State Street have found that 42 per…
COVID-19 cuts risk pension pain
The Federal Government recently announced the mandatory minimum drawdown rates for retirees with account-based pensions would be temporarily halved in both the 2019-20 and 2020-21 financial years.
