News : Retirement

ATO, Retirement

Basis for ATO TRIS guidance questioned

TRIS in retirement phase

A recent note from the ATO on how it views a TRIS in retirement phase has been questioned by a lawyer who believes the legal basis for it is unclear.

read more
Retirement, Superannuation

Think tank sparks war of words on SG rise

increase superannuation guarantee rate

Superannuation industry groups have reacted strongly to independent modelling that claims an increase in the SG rate would hit wages and make no difference to retirement incomes.

read more
Retirement, Superannuation

Deeming rate gap eroding retiree capital

deeming rate gap

The erosion of pensioner capital can be a direct result of the difference between deeming rates and the official interest rate, but a solution to the problem is available.

read more
Retirement, Strategy

Trustee structure key in retirement income decision

smsf trustee affect retirement income

Whether an SMSF has an individual trustee or a corporate trustee can dictate how benefits are paid out to its members in retirement.

read more
Property, Retirement

Downsizers tip $1b into super

Australians have used superannuation concessions for people downsizing their homes to make $1 billion of contributions into funds in the past year.

Older Australians have taken advantage of superannuation contributions for people downsizing their homes by moving $1 billion into their funds in the past year.

read more
Investments, Retirement

Franking credits an income buffer but not solution

franking credits; income streams;

Franking credit refunds have boosted retiree incomes, but new solutions are required to offset the low interest rate environment.

read more
Property, Retirement

Equity release may help keep super intact

https://smsmagazine.com.au/wp-content/uploads/2018/05/GettyImages-816236150-edit-web.jpg

Equity release solutions should be used to reduce the rising number of Australians using their superannuation to ease mortgage debts.

read more
Retirement, Strategy

New financial year should prompt strategy review

retirement; savings; strategy

The new financial year and the changes it brings to the superannuation rules should prompt advisers and their clients to review their retirement savings strategies.

read more
Retirement, Strategy

Aged care skills needed to meet ethics code

Aged care; ethics; financial advisers

Financial advisers who fail to consider aged care as part of their advice offering may be in breach of ethics requirements set down by FASEA.

read more
Pensions, Retirement, Superannuation

Super growth reducing age pension drawdown

The growth of superannuation assets has resulted in less than half of new retirees drawing on the age pension last year, and only one-quarter accessing the full amount available to them.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital