Josh Frydenberg’s latest federal budget foresees a number of important changes to Australia’s superannuation system. While some of the big super changes included in the 2021 budget are specifically targeted at older Australians, other more general adjustments are likely to have a significant impact on the...
The 2021 Federal Budget was unveiled last night, and — as expected — is focused on creating jobs, rebuilding the economy through investment and guaranteeing essential services. Despite fairly significant spending, the deficit is still expected to fall from $161 billion in 2020/21 to $57...
Australia’s economy faces either a decade marred by ‘epic policy failures’, with stagnant economic growth, or a scenario reminiscent of the roaring 1920s, with the upcoming budget critical to getting the country back on track, a think tank states. A report released by the Blueprint Institute states that the...
Barriers to entry, lower hourly rates of pay, less hours worked and more unpaid labour are seeing Australian women retire with significantly less than men, with changes to the superannuation system needed to fix the super gender divide. A paper released by KPMG revealed that Australia has...
The majority of Australians believe in raising the aged pension as well as lifting the rate of superannuation to 12 per cent as they worry about having enough in retirement, new research has revealed. Survey data of 3,500 adults by Australian National University found that seven in...
I am often asked how the Age Pension Income Test and Assets Test inter-relate with each other when a person’s age pension entitlement is determined? The simple answer is that both tests are applied separately to a person’ s circumstances. The test which provides the lowest Age Pension entitlement,...
Income Test and Assets Test – what is the relationship? We are often asked how the Age Pension Income Test and Assets Test inter-relate with each other when a person’s age pension entitlement is determined? The simple answer is that both tests are applied separately to a person’ s...
Many parents want to give their children a leg-up in life by kick-starting their savings.This may be fulfilled by opening a bank account, investing in an insurance bond, buying investments such as shares in a child’s name or, in some cases, making contributions to superannuation...
The Minister for Superannuation has praised the success of the early access to superannuation scheme after it was revealed the majority of Australians used the money to pay their bills. A survey released by the Australian Bureau of Statistics showed that the majority of money withdrawn...
Superannuation funds are being warned that they are legally required to understand and manage the financial risk posed by climate change, two industry experts have revealed. In the latest update by SC Noel Hutley and commercial barrister James Mack, the lawyers have advised members that superannuation...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.