News : Retirement

Property, Retirement, Strategy

SMSFs warned on retail property sector

Small and medium-sized enterprises (SME) involved in retail should use extra caution about using their SMSF to buy their business premises due to concerns about falling income returns, a specialist commercial property lender has said.

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Regulation, Retirement, Superannuation

SMSF trustees face double whammy

SMSF trustees are facing adverse consequences from two policy proposals should Labor win the next federal election, according to a superannuation educator.

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Regulation, Retirement

Franking credit inquiry gets SMSFA support

The SMSF Association has welcomed the decision by the House of Representatives Standing Committee on Economics to commence an inquiry into the implications of removing refundable franking credits.

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ATO, Retirement

ATO aware of schemes targeting older SMSFs

The tax office has revealed it is seeing instances of schemes and spruiking aimed at SMSFs nearing retirement phase to access their funds early, demonstrating the need for and role of professional advice.

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Retirement, Superannuation

Australians have consistent happy retirement view

ING-commissioned research into the nation’s attitudes toward retirement has revealed Australians across all generations have a similar view to what a comfortable retirement would resemble.

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Retirement, Strategy, Superannuation

TRIS now a short-term strategic tool

A transition-to-retirement income stream (TRIS) should be viewed purely as a short-term strategy to enable SMSF members to withdraw money from the accumulation account of the fund, a sector strategist has said.

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Retirement, Superannuation

Australians feel big retirement savings needed

The latest industry research into attitudes on retirement, conducted by Rice Warner and commissioned by ING Australia, has revealed individuals from generations X, Y and Z believe they will need between $1.5 million and $1.75 million in savings to fund their retirement, but do not know how to go about achieving it.

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Pensions, Retirement

Morrison dumps plan to raise pension age to 70

The Association of Superannuation Funds of Australia (ASFA) has welcomed Prime Minister Scott Morrison’s announcement today that the government will scrap a proposal to lift the age of eligibility for the age pension beyond 67 years.

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Retirement, Strategy, Superannuation

Transfer balance cap catches

If there’s something all laws have in them, it’s unintended consequences. The introduction of the transfer balance cap (TBC) is no exception. It’s got them, just like fleas on a dog’s back.

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Investments, Portfolio Construction, Retirement

SMSFs confident in navigating retirement

Decision-making in retirement is generally better embraced and managed by SMSF trustees compared to non-SMSF superannuants, an investment manager has said.

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