A federal minister has shot down claims that the government will force the cancellation of life insurance policies for Australians relying on the early access to super scheme. Addressing the Financial Services Council’s Life Insurance Summit 2020, the assistant minister for superannuation, financial services and financial technology,...
The Federal Government has updated superannuation laws to allow older Australians to contribute to their super for longer. Work test to apply from age 67 The government has increased the age up to which super contributions can be made without having to meet a work test from...
As investment market volatility continues, what does this mean for Australians’ retirement savings? The COVID-19 (coronavirus) crisis has caused uncertainty in many areas of life, not least on investment markets. Share prices have been fluctuating wildly as investors react to unfolding global events. From its high point...
Superannuation fund members facing financial hardship have been given an extended window to access retirement savings under the early release scheme.
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As you approach retirement, it could be a good idea to consider giving your super a boost. If you’re looking at retiring in the near future, your savings will soon turn into an income stream. So the more you’ve saved, the better. Here are some ways...
The ATO has expressed concern that some trustees with diminished pension account values may be putting themselves at risk of exceeding their transfer balance cap by commuting their pension and then topping it back up.
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The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 billion at the start of the scheme.
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For many people, the government’s COVID-19 (coronavirus) early release of super scheme has been a lifesaver, with the money accessed from retirement savings helping provide additional support at a time of economic uncertainty. In total, 1.81 million Australians have withdrawn $13.5 billion from super funds, at...
SMSF clients planning to provide rent reductions to tenants should review the lease agreement to ensure the provision of rent relief won’t result in a breach of the lease, says an industry lawyer.
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As the 2019–20 financial year draws to a close, a technical expert has highlighted some of the new rules commencing for super funds for the 2020–21 financial year.
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He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.