Tips when managing large payments from super

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Tips when managing large payments from super 💰 If you are wanting to take a large benefit from your SMSF, there’s a lot to consider in working out how to structure the payment. Just taking a very large pension amount is often the worst possible thing to do. It’s easiest to explain the thought process
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Three tips on handling SMSF assets when a divorce is involved

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Three tips on handling SMSF assets when a divorce is involved Understanding the laws around self-managed superannuation funds is complicated, especially when divorce is involved, so it’s important to get good advice from a professional. SMSF members are pretty good at planning for the two great certainties in life – death and taxes. But managing
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‘Risk-free’ cash is still king for many investors: How to find a better rate

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‘Risk-free’ cash still king for many investors Here’s a guide to finding a better rate Cash-focussed investors are feeling the pinch with record low interest rates persisting this year. The Reserve Bank is likely to keep rates subdued for the foreseeable future, noting an “uncertain” economic outlook as the nation struggles through lockdowns. Yet however
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The 13 best & worst super funds revealed

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The 13 best & worst super funds revealed for 2021 The Australian Prudential Regulation Authority (APRA) has revealed the best and worst superannuation fund products in Australia after releasing the superannuation statistics for the June 2021 quarter. According to APRA, superannuation assets totalled $3.3 trillion at the end of the June 2021 quarter – a
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Should retirees consider investing in Bitcoin?

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The investment risks of Bitcoin and basics for retirees How to buy/sell Bitcoin, getting started and considering the risks for over 60s Every couple of months we read an article about the price of Bitcoin collapsing, or skyrocketing. The topsy-turvy world of cyrptocurrency (“crypto”) continues to keep investors, enthusiasts, speculators and sceptics saying “I told
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Super co-contribution eligibility before-and-after 67

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Super co-contribution eligibility under 67 and over 67 Firstly, what is the super co-contribution? Super co-contributions help eligible people boost their retirement savings. If you’re a low or middle-income earner and make personal (after-tax) contributions to your super fund, the government may also make a contribution (called a co-contribution) up to a maximum amount of
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Make sure your Downsizer contributions don’t upend your super plans

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Make sure your Downsizer contributions don’t upend your super plans Two proposals in the federal budget are unambiguously great news for older Australians looking to get more money into super. Both relate to extending the period of time for which particular opportunities are available. The first was a proposal to bring the eligibility for “downsizer
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