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...
Budget 2023 - what’s in it for older Australians? Federal Treasurer Jim Chalmers has handed down the May 2023 Federal Budget. There weren’t a lot of surprises but there are a few nice bonuses for older Australians. Before we start, it's important...
Federal Budget 2023-2024: What we’d like to see Our goal at Retirement Essentials is simple. It is to help all older Australians to enjoy their best possible retirement. This we do by providing financial guidance and support when it comes to managing your...
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...
How super is taxed? Is this about to change? Respected think tank, The Grattan Institute, has released a report suggesting that all super be taxed in order to create a fairer and more sustainable retirement income system. The report released earlier this...
No one wants to be a mortgage slave, particularly when you hit retirement. So what options do you have? When you reach Preservation Age a myriad of choices opens up. You can now access your super savings (subject to the rules, of course) without...
Super tax concessions are changing But are they fair? As we reported last week, there will be a change to how super is taxed for with balances of more than $3 million. The proposed legislation will be scheduled to commence on 1 July 2025. There has...
Super is a hot topic right now, with everyone seemingly having an opinion on what is the ideal amount to live on in retirement – and how to encourage this in an equitable way. While most of us are unable to influence the financial policy makers, our best...
Whose super is it? And what’s just changed? Last week, after much heated debate, the Albanese Government announced a change to the way super will be taxed. Even more heated debate followed. And most of it seemed to be focussed on ‘whose super is it’ and ‘is...