What happens to your super when you die? What happens to your super when you die is a common question. Most of us are keen to ensure that we don’t leave behind a legal mess for our loved ones to untangle. Or even worse, have our money left to those we don’t...
Preservation Age: What you need to know Preservation age is a term that is used to denote the age at which you can access your superannuation funds without penalty. It is one of the conditions of release set by the Australian Tax Office (ATO) in relation to...
What do retirees need to know? Rules covering contributions to super can be challenging to understand. The following overview looks at the two broad categories of contributions and then focuses on those rules that affect retirees the most. What are the...
My super is tanking: Should I withdraw my super? This question arrived at the end of last week. And it’s easy to see why. The ASX All Ordinaries index dropped by 2.51% in a single day, recovered by 0.15% on Thursday and then dropped again by 1.51% on...
We sometimes get asked by our readers whether there is anything they can do before the end of the financial year to improve their income in retirement. Here are a couple that relate to superannuation. Adding money to super Some people might be in a position...
“Start with the facts.” That was the motto of the government’s recently released review of the Australian retirement system. Don’t come up with policy recommendations; just give us the fact base to think about. A lot of the news media coverage of the...
The Retirement Income Review: Will there be changes to the treatment of the family home? The Federal Government is currently assessing the report of the Retirement Income Review and their response could have big implications for Age Pensioners. The review...
According to a new study, Australian brands are largely ignoring the ‘elderly demographic’, despite the fact that this group has the highest levels of wealth and disposable income. They also spend more than millennials and Generation X. The WPP AUNZ report...
Darren Moffatt from Seniors First shares a case study of how a Reverse Mortgage can make a huge difference to the lives of Age Pensioners who are struggling to make ends meet. *Oliver and Charlotte are age pensioners who worked hard all their lives and are...