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Things to consider when an SMSF member dies

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What to do when a Self-Managed Superannuation Fund (SMSF) member dies 📄❤️ If a member of a self-managed superannuation fund (SMSF) passes away, it’s natural to think you need to act quickly. However, while there are important decisions to make, you usually have plenty of time to get everything right without rushing. When a member
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Turning 75 and Super Contributions: What You Need to Know

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Turning 75 and Super Contributions: What You Need to Know 💸🧐 Turning 75 is a significant milestone for super contributions. After this age, making contributions other than “mandated” (Super Guarantee) or downsizer contributions becomes nearly impossible. Here are the key points and some nuances to consider. Key Date: 28th of the Next Month The critical
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Avoiding ten financial traps with seniors’ wills, super and funerals

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Avoiding ten financial traps with seniors’ wills, super, and funerals 💰⚠️ Ageing in Australia poses unique financial challenges, particularly for seniors facing complex decisions regarding aged care, pensions, and asset management. These challenges are often exacerbated by unexpected health crises, highlighting the importance of proactive planning. Experts emphasise the need for older adults and their
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Pension increase and ways to maximise your retirement income

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Pension increase from 20 March and ways to maximise your retirement income 💰🧐 This week’s pension increase has provided many Australians with an additional $20 per fortnight, highlighting the importance of maximising pensions and entitlements. The 1.78% rise, effective from March 20, falls below the increases seen during peak inflation periods, underscoring the need to
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Avoiding costly retirement mistakes

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Avoiding costly retirement mistakes 💸⚠️ Nearly 4 million individuals are poised to retire in the next decade, yet the majority have minimal understanding of how to transform their superannuation into a reliable income source. Retirement can be a daunting prospect, especially when it comes to understanding superannuation income and making informed financial decisions. As retirees
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Tips to protect yourself against romance scams

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Tips to protect yourself against romance scams 🛡️❤️ Online dating offers a convenient way to find a romantic partner, but it’s also a popular way for criminals to take advantage of people looking for love. Even those not actively searching for a partner can get caught up in a romance scam through unexpected messages on
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Clever ways to reduce your power bill

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Clever ways to reduce your power bill 💡⚡ Reducing your power bill involves making conscious choices and adopting energy-efficient practices. Implementing these strategies not only helps you save on your power bill but also contributes to a more sustainable and environmentally friendly lifestyle. Here are some clever ways to cut down on your power expenses:
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Five property rifts between families and how best to prevent them

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Five common property conflicts that cause family rifts and proactive strategies to prevent legal battles 🏠⚖️ In recent times, disputes over the “Bank of Mum and Dad” loans, complexities within blended families, impatience over children’s inheritances, and concerns about adult children living at home have become increasingly common legal battles. Apart from tearing families apart,
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Enhanced work bonus for seniors expected to increase pension benefits

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Enhanced work bonus for seniors expected to result in increase pension benefits ✔️💰 Seniors navigating the challenges of the cost-of-living crisis are set to benefit from new legislative changes that enhance opportunities for part-time work while safeguarding age pension benefits. Commencing on January 1, the revised Work Bonus scheme introduces more favorable incentives, allowing pensioners
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Navigating the Downsizer Super Scheme • Pitfalls to steer clear of when selling your family home

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Navigating the Downsizer Super Scheme • Pitfalls to steer clear of when selling your family home 🏠💰 The trend of downsizing from larger family homes to smaller, more cost-effective properties has gained significant traction, driven in part by a beneficial superannuation exemption supported by successive governments. This trend is particularly popular among older Australians who
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Navigating the Assets Test for the Age Pension

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Navigating the Assets Test for the Age Pension The Australian Age Pension can be a lifeline for some retirees, offering financial support during their golden years. To ensure fairness, Centrelink employs various criteria, including the Assets Test, to determine eligibility. This article aims to explain the Assets Test, shedding light on how it operates, and
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Retire smarter by avoiding ten common money mistakes

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10 common money mistakes to avoid in retirement Retire “richer” by avoiding these key mistakes In the next five years, Australia is on the brink of experiencing significant demographic and financial shifts. With an estimated five million retirees, a collective superannuation pool of up to $5 trillion, and an annual wealth transfer of over $200
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