News : Retirement

Accounting, Retirement, SMSF, Superannuation

End-of-year break time for super check-up

Super fund members should use the holiday break to check the status of their retirement savings and consider whether they needed to seek financial advice.

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Retirement, Superannuation

Super recipients more confident on retirement

Retirement SMSF superannuation

Australian superannuants are confident they will have sufficient cash flow in retirement, but prior to that life stage many want to boost their future savings.

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financial advice, Retirement, SMSF, Superannuation

Demand for one-off advice significant

The need for accessible financial advice continues to grow, but many consumers would prefer to pay for it based on specific needs rather than as part of a comprehensive plan.

The need for accessible financial advice continues to grow, but many consumers would prefer to pay for it based on specific needs rather than as part of a comprehensive plan.

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Retirement

Better retirement income education needed

More consumer education is needed to equip people with knowledge of the methods and products they can use to achieve better retirement income results.

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Retirement, SMSF, Superannuation

Retiree costs overestimated

The cost of retirement is overestimated by many Australians, highlighting the need for more advice and the reforms that will allow more people to access it.

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Retirement

Retirement costs fall in time for Christmas

The cost of living for retirees has fallen marginally for the first time this year, but over the longer term it has outpaced the rise in inflation.

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Aged Care, Retirement

Retirees express aged-care cost anxiety

According to a leading financial services organisation, seniors are preferring to sit on their nest eggs rather than revert to frivolous spending at a time when they should be living life to the full.

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Retirement

More seniors working in retirement years

Association of Superannuation Funds of Australia ASFA Mary Delahunty Working in retirement superannuation

A substantial portion of older Australians are working beyond retirement age, prompting a call for more adaptable policies to accommodate this shift.

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Retirement, Superannuation

Gain or reward key to proof of work

condition of release retirement superannuation gainful employment SMSF Institute of Financial Professionals Australia IFPA Natasha Panagis

To meet a condition of release using the definition of retirement, the relevant employment situation must have an associated gain or reward.

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Regulation, Retirement

Role change is not retirement

Retirement Condition of release Superannuation Industry (Supervision) Regulation 6.01(7)

A change of employment conditions of a super fund member aged 60 will not satisfy a retirement condition of release in most cases.

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