News : Retirement

Retirement, Superannuation

Govt dilutes Work Test and extends bring-forward rule

Ahead of tomorrow’s Federal Budget, the Government has announced changes to super pitched at new retirees.

read more
Retirement, Superannuation

ASFA calls for SG rise from this year onward

ASFA has called for the SG rate to begin moving to 12 per cent after this year’s budget if there are indications of a future surplus.

read more
Pensions, Retirement

Why ECPI numbers on actuarial certificates don’t make sense

The requirements for exempt current pension income (ECPI) and actuarial certificates have been in place for nearly two years but their calculations can still raise questions for clients looking to understand how the actuarial percentage is derived for any unsegregated periods.

read more
Retirement, Superannuation

SMSF sector to hold market share for next decade

The SMSF sector will retain a steady share of the superannuation market, but further growth will be hampered by government and demographic changes.

read more
Property, Retirement

Home equity release product to aid retirement

Individuals looking to top up their superannuation balances and fund other financial requirements in retirement now have a new facility to do so.

read more
Retirement, Superannuation

Retirement status critical for TRIS

Advisers need to correctly assess the retirement status of clients to avoid TRIS problems.

read more
Retirement

Retiree living expenses climb slightly

The cost of living for retirees rose only marginally in the December quarter despite a steep rise in the price of some essential goods and services, according to ASFA.

read more
Regulation, Retirement

Govt broadens work test exemption

The federal government will allow people entering into retirement to make up to $300,000 in non-concessional contributions as a result of a change to the work test exemption.

read more
Retirement

Common SMSF concerns dismissed

The sustainability of the SMSF sector will not be threatened by theories about funds being established by non-suitable individuals, according to the head of a research consultancy business.

read more
Regulation, Retirement, Superannuation

Fatigue to blame for lack of super objective

Fatigue ultimately defeated the government and super sector’s efforts to enshrine the objective of super in legislation, an industry group head of policy has said.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.