Archive | Industry News

Living and dying – doing it your way

Living longer is something to be celebrated. But it can be a less settling prospect if advancing age or an accident reduces your capacity to make decisions. Worse still, if you are incapacitated. It is a good reason to make provisions ahead of time to pass on some, or all, of the responsibility relating to […]

Am I too young for an SMSF?

If you’re under 55 and thinking about setting up a self-managed super fund (SMSF) you’re not alone. SMSFs are being established by younger Australians wanting greater control over their super. In March 2014, younger people represented 75% of new SMSF membersi. Before deciding if an SMSF is right for you, consider some of these important […]

Nest eggs crack up – Aussies left scratching as retirement pot falls short

ONE in four Australians will have exhausted their savings more than a decade before they die, a new report has found, laying bare the funding gulf confronting the nation’s next wave of retirees. Most Australians will fall almost $500,000 short of an adequate retirement income. And about half the population expect to amass less money […]

Plan ahead for super pension changes

Changes to the deeming rules could make it more difficult in future to qualify for the age pension and the Commonwealth Seniors Health Card. That’s because tax-free income from account-based super pensions will soon be included in the income test for Centrelink purposes and to the Commonwealth Seniors Health Card income test. This will put […]

The Value of Advice

Of course, ‘value’ often goes beyond dollars and cents. It can be the peace of mind and security that comes with being prepared for the future, or it may be the helping hand that arrives at a time of personal upheaval. Responsibility seems to grown with your age. You may be creating a beautiful family […]

Focus turns to salary-sacrificed super

The Government’s decision over the past week to pause planned increases to the superannuation guarantee (SG) contribution rate is likely to lead to closer focus on voluntarily salary-sacrificed contributions. Under a bill passed in the Senate with Government amendments, the SG rate will remain at 9.5 per cent for seven years, rising to 10 per […]

The new 65?

As Smart Investing has discussed in the past, a decision to work beyond traditional retirement ages can have a significant influence on an individual’s retirement savings and, in turn, eventual retirement lifestyle. The cover of a special 30-page report by The Economist  magazine’s intelligence unit features the hands of an obviously older person  typing on […]

SMSF — What’s involved with an SMSF

Before you decide if an SMSF is right for you, you should have an idea of what’s really involved. Here is a little video from the Australian Tax Office.  If you would like to discuss further please call the office or e-mail one of our advisers.  

The broad church of advice

Financial planning means different things to different people. And one of the great challenges facing the financial  planning industry as it looks to build trust and professional standing is to  demonstrate the value of using a financial planner versus going it alone. For the vast majority of investors the value of getting  professional advice is […]

Retirement savings check-up

Just how much is needed to finance an acceptable standard of living in retirement? As post-Budget debates continue involving retirement income – including eligibility for the age pension and super’s concessional tax treatment – it is crucial for individuals not to lose sight of this crucial question. Once an understanding is gained about how much […]