How might they be affected? Joe is 70 and retired, whereas his wife Mary is 67 and has yet to receive any retirement benefits from her super savings. Joe’s Total Super Balance (TSB) is $3.1 million, including $2 million in a super income stream (in this...
Selling an investment property can result in a significant Capital Gains Tax (CGT) liability. However, if you’re nearing retirement or have taken career breaks, ‘catch-up’ superannuation contributions offer a powerful strategy to reduce this tax burden. By...
As reported last week, in a surprise announcement on Monday 13 October, the Treasurer Jim Chalmers announced major changes to his ‘signature’ superannuation legislation. There are three key elements which have now been altered: The proposed extra 15% tax on...
Part-time work after 60 offers more than just extra income. Many find social connection, a sense of purpose, and flexibility, years before full retirement appears on the horizon. An increasing number of men and women are continuing to work past 60, when...
If you or your partner are working part-time or earning a modest income, it’s worth knowing how government incentives can support your super. One key measure is the Low Income Superannuation Tax Offset (LISTO), which ensures lower earners aren't...
Just when you thought you had it all figured out, an announcement from Treasury hits your inbox and plan B is now about to come into law! But it could be argued that all four major changes announced yesterday will make for a fairer super system. Next week we...
Mark, 65, and Sophie, 63, are both looking forward to retiring in two years. Mark, a long-time chef, and Sophie, a retail assistant, realise that their super balances are modest, reflecting part-time shifts, casual work...
This birthday changes more than just your age. It could change your future. There’s something quietly powerful about turning 60. It might not mean retiring just yet, but it often marks a shift in how you think about your money, your lifestyle, and your...
Why playing it too safe could cost you more than you think It’s easy to assume that a conservative investment option is the safest way to protect your super. After all, the word conservative suggests caution, stability and low risk which is especially...