The transfer balance cap is a limit on how much super can be transferred into pension accounts earning tax-free income. On 1 July, this cap will be increased. What might this mean for your retirement income stream? By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia A...
If you’ve thought about how much money you need to save so you can retire comfortably, it might feel a little daunting. Maybe so much so, you’d rather not think about it at all. But, according to AMP Technical Strategy Manager John Perri, there are three...
As the march of the megafunds begins, Australia’s superannuation sector will need to seriously consider whether a merger is in their best interests. Speaking at the Association of Superannuation Funds of Australia (ASFA) annual conference, MTAA Super boss Leeanne Turner questioned whether APRA’s desire to see...
The Federal Government allowed Australians affected by COVID-19 to access some of their superannuation during much of 2020. For many people, the early release of super scheme was a lifesaver, with the money accessed from retirement savings helping provide additional support at a time of economic...
The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone. Currently you can transfer a maximum of $1.6...
Six out of ten Australians own investments outside of the family home and super. That’s good news. The only problem is that many people are still putting all their eggs in one, or just a few, baskets. The latest investor study by the Australian Securities Exchange...
What impact do factors like your weight, age and smoking status have on your ability to buy life insurance? Life insurers take into account a number of different factors when assessing insurance applications, but asking your insurer about the impact these factors might have can sometimes...
Understanding how the age pension works, if you're eligible, and how much you could receive can help you plan in the lead up to retirement. What is the Age Pension and am I eligible? The Age Pension is an income support payment provided by the government to...
We look at the average super balances for different age groups in Australia so you can see how your super savings compare. A healthy super balance can be a key ingredient in being able to live the life we want in retirement. But for many people,...
Choosing the right super investment options at the right time could make a difference to how much money you have when you retire. When it comes to your superannuation, the investment options you choose today and in future may impact how much money you retire with. If...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.