Transfer Balance Cap explained Will you be affected on 1 July? On 6 February we reported that Consumer Price Indexation of the $1.7 million super Transfer Balance Cap means it will increase to $1.9 million on 1 July. That change has now been confirmed and it...
Five ways retirees run out of money And how to avoid them The most common and greatest fear in retirement is running out of money. Of course most people don’t. Unlike many nations, Australia has a regularly indexed safety net which allows most retirees to at...
Minimum drawdown rates explained: How much, how fast? The minimum drawdown rates for income payments from super are about to double. We mentioned this last week in our overall Federal Budget coverage. But because it can have such an impact on your retirement...
Knowing which changes will occur on July 1 2023 is mandatory for those both in retirement or planning to be in the near future. Changes are coming to eligibility age for the Age Pension, income and asset thresholds for those on a full Age Pension and some...
Here’s what you said What is the best way to save for retirement? This is the question we posed in the March 2023 Retirement Essentials Retirement Pulse. There was a clear preference according to our members, with the top four options being: Putting money in...
Income benefit: Claim your credit before it expires A popular recent article explained how changes to income thresholds now mean that a couple who hadn’t yet retired could now be eligible for an Age Pension owing to threshold changes. And that, along with...
Rating your financial performance: But the game’s far from over The March Retirement Essentials Retirement Pulse has once again provided us with many useful insights into your thoughts on maximising retirement income. One question in particular: If there was...
How safe are your savings? Time to review your investment mix? The saying goes that something is ‘as safe as a Swiss Bank’ But the recent forced bailout of Credit Suisse suggests this is a fallacy. Coming hard on the heels of three other major US bank...
How long will you live… … knowing is the best guide to your retirement spending The one piece of advice missing from your birth certificate is the expiry date. Yet this would be the single most helpful number for all retirees. If only we knew this date, we’d...