News : Retirement

Pensions, Retirement

Call a TRIS an ABP if release conditions met

TRIS release conditions ABP

Allowing a TRIS to be called an ABP under certain conditions of release would simplify the industry understanding of the differences between the two, an SMSF expert says.

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Pensions, Retirement, Superannuation

Mixed-phase SMSFs ahead on assets

Mixed-phase SMSFs assets

Mixed-phase SMSFs currently have higher average balances per fund and per member than other funds, according to new data released by an SMSF administration services provider.

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Retirement

AMP upgrades platform retirement tool

AMP upgrades retirement tool

AMP has upgraded its Retirement Modelling Tool adding hundreds of combinations of investments and 2000 stressed tested retirement strategies.

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Documentation, Pensions, Retirement

Trust deeds key to TRIS status in retirement

retirement phase TRIS

Trustees should pay close attention to their SMSF trust deeds to ensure members converting to retirement phase still benefit from TRIS regulations, an SMSF expert says.

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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.

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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.

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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.

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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.

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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.

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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.

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