The recent regulatory report card that found that super funds are not providing sufficient retirement income support has sparked a discussion about the role that funds can and should play in members’ finances. But there is a fine line between helping...
How can you make the most of your home in retirement? Last week we looked at the ways homeowners can maximise their retirement income by using this very valuable asset. Our focus was on those who plan to stay put in their ‘forever’ homes. This week we...
Find out with this easy five-question quiz The rules of superannuation can change according to your age and circumstances. Today we have a fun, five-question quiz to test how much you know about your own super options. Why not take it and see how you...
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...
Alfred Einstein knew a thing or two. His view on mistakes was simply summed up when he said, ‘The only mistake in life is the lesson not learned’. We agree. For most of us, it’s not about any poor choices that we may have made, but more about how we respond...
How to respond to 12-month returns Superannuation research house SuperRatings has released the financial year returns for Australian super funds – and Account-Based Pensions. These rankings are useful in many ways. First and foremost, we have a clear idea of...
Five worst super mistakes And ways to avoid them Yes, it’s a challenge to keep up with the ever changing landscape of superannuation. But that shouldn't result in you making any of these worst super mistakes. Back in the day there was the idea of not...
Steven says: Your questions answered on super drawdowns A few weeks ago we reported on the pending change to the minimum super drawdown rates. Essentially, on 1 July the current rates will be doubled, reverting to the previous rates pre-Covid 19. At one...
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...