The last day of October is the final date when individuals can file their tax returns unless they are represented by a tax agent. Many retirees – those on a Full Age Pension or those whose sole source of income is from their super – won’t be required to file...
Recent research from financial services provider, AMP, reports that 70% of Australians do not know what an Account-Based Pension is. We doubt this is the case with Retirement Essentials members, but it was a handy reminder that the complexity of many aspects...
At the end of August Vanguard Super released insights from its How Australia Retires study. This report focused on gender differences in retirement planning and retirement income. At one level you might ask if we learn anything new from such surveys or are...
The regular Retirement Essentials Retirement Pulse surveys reveal two interesting things about retirees. The first is that the majority say they are much more content in retirement than they were when they were working. And a similar number tell us...
Should you stay or go?And what are the implications? If you are a homeowner, you have many different ways to use your family home to help fund your retirement. The first major fork in the road is the decision whether you will ultimately stay in your current...
Would one suit you? Most retirees would be happy to know their income was guaranteed for life. But unless you are one of the handful of Australians with untold wealth, this isn’t always possible. There are products you can purchase to ensure a regular income...
A recently released report from the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulatory Authority (APRA) reveals a massive gap in the support that retirees should now be receiving from their super fund – and what...
Managing a self-funded retirement Three things you need to know There are many misconceptions about self-funded retirees. One of the main problems is that this income status tends to become conflated with the popular media myth of ‘greedy, rich baby...
Nicole, Sharon and Steven know the answers We never fail to be surprised by how many questions our members have when it comes to the detail of Age Pension entitlements. Our recent update on the 1 July Age Pension rule changes attracted 75 comments, which...