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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How the 2021 Budget affects those in their 60s, 70s and over

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How the 2021 Budget affects those in their 60s, 70s and over Older Australians will benefit from several measures in the Federal Budget aimed at increasing workforce participation and fixing retirement incomes. Ian Yates, Chief Executive of COTA Australia, welcomed the expansion of superannuation payments to workers earning less than $450 a month, saying the
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Risks involved in being a ‘sophisticated investor’ for uneducated retirees

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Risks involved in being a ‘sophisticated investor’ for uneducated retirees Inexperienced investors are losing their life savings and retirement nest eggs through a regulatory loophole being sold dodgy fixed income and equity accounts offering high returns. Each year hundreds of investors, many retirees, lose millions of dollars through fund managers and advisers scamming the unwary
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Age Pension to increase for mid-March 2021

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Age Pension increase for mid March 2021 Nearly 2.6 million older Australians will be receiving an increase to their Age Pension payment following a mid March indexation increase to social payments. From 20 March, 2021, all social security payments will be increased, including the Carer Payment. Pensions last rose in March 2020 by $10.20 per
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6 Superannuation contribution tips for 65s and older

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Six super contribution tips for 65 and older When it comes to the constantly changing superannuation environment, the last thing you want to miss out on an opportunity that you didn’t know existed or may coming up. Whilst superannuation rules can be confusing, there are six opportunities where getting your head around the fine print
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The basics for how the Age Pension works in Australia

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How the Age Pension works To qualify for the Age Pension in Australia you must have reached Age Pension age (which depends on your date of birth but is currently 66), satisfy Australian residency rules, and pass both an income test and an assets test. Depending on your level of income and the assets you
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Making super contributions after the age of 67

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Making super contributions after 67 years of age Reaching age 67 is now one of life’s big milestones, as that’s when most Aussies will become eligible for the Age Pension. But unfortunately, when it comes to the super system, it’s also the age when the super contribution rules start to tighten up. Once you hit
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2020-21 budget provides $250 cash payments for aged, family, disability welfare recipients and self-retirees eligibility

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2020 Budget provides $250 cash payments for aged, family and disability welfare recipients Criteria confusion for self-funded retirees – Seniors urged to check their eligibility Cash payments totalling $500 are about to line the pockets of around 5.1 million pensioners and other eligible recipients. Two $250 payments — to be paid in December this year
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