News : Retirement

Retirement, Superannuation

Super reforms cause ‘tectonic’ SMSF asset shift

The 2016 superannuation reforms have had a significant negative impact on SMSF pension assets and Labor’s proposal to reduce imputation credits for SMSFs would further punish self-funded retirees, according to Class.

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Retirement, Strategy, Superannuation

TBC may expose super benefits to unwanted parties

SMSF trustees who have had to roll back some of their fund assets from pension to accumulation phase to comply with the $1.6 million transfer balance cap may have inadvertently given access to a portion of their retirement savings benefits to unwanted parties upon death, according to a technical expert.

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ATO, Retirement, Superannuation

Timing of pension payments has ECPI implications

Advisers and their clients should be aware that the timing of pensions payments made throughout the year can have an effect on the level of exempt current pension income (ECPI) an SMSF can claim in a particular year, a superannuation technical expert has said.

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Investments, Retirement, Strategy

Dividend income tips for the new financial year

Pension-phase investors represent one fifth of Australia’s $2.5 trillion superannuation pool and many seek a regular investment income to supplement the government pension. Generating income is one of their top priorities and for their advisers too.

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ATO, Retirement, Superannuation

PC made SMSF findings despite flawed data

Jordan George

The Productivity Commission went ahead and made significant findings regarding SMSF returns and costs despite acknowledging problems with its “fundamentally flawed” data, an industry body has argued.

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Retirement, Strategy

Drawdown strategies must maximise tax position

Advisers must work with their SMSF clients to ensure they maintain the optimal tax position of the fund when a pension above the minimum drawdown amount is being sought, a technical expert from the sector has said.

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Administration, Retirement

The topsy-turvy world of ECPI

While the new rules for pension fund tax exemptions (exempt current pension income or ECPI) have now been in place for over 12 months, the first few 2017/18 income tax returns are now being prepared and lodged. As always, real client cases illustrate best that the new world is very different from the old.

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Residential Property, Retirement, Strategy

Baby boomers must be on top of property research

A new report has outlined issues baby boomers heading into retirement need to be aware of when looking for solid investment properties.

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Retirement, Superannuation

Super catch-up measure starts

The federal government’s catch-up carry-forward super measure began this week, giving those with broken work patterns, particularly women, a better chance to save for retirement.

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Retirement, Superannuation

Fund manager starts anti-franking ban campaign

Plato Investment Management has started an online petition to help protect the dividend imputation system and ensure positive financial outcomes for retirees in light of the federal opposition’s policy proposal to scrap excess franking credit refunds.

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