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Financial Planning, Superannuation

The Pros and Cons of an SMSF

SMSFs are becoming increasingly popular among Australians. According to the ATO, the number of SMSFs increased by approximately 6% every year between 2012 and 2016. However, not everyone will necessarily benefit from an SMSF. While an SMSF can assist you in growing your retirement nest egg, so can a regular super fund. An SMSF gives […]

Retirement Planning, Superannuation

What Can You Do With Your Superannuation When You Retire?

As you spend a considerable part of your working life trying to save money for your retirement, it’s only right that you also prepare for what you’re going to do with the money you save when you retire. The retirement and superannuation system in Australia has two major phases: The accumulation phase when you work […]

Retirement Planning, Superannuation

What the Super Contribution Cap Rise Means for Australians

Just in case you haven’t heard the good news: super contribution caps have increased. The transfer balance cap has increased from $1.6 million to $1.7 million – this is the lifetime limit on the amount of super that can be transferred into income streams for when you retire (ie. into a pension or annuity). The […]

Retirement Planning, Superannuation

How Can You Add the Downsizer Contribution to Your Superannuation?

The downsizer contribution may help you free up money that has been tied up in your house and add it instead, to your super fund. This can be a great way for Aussie retirees to boost their retirement income and allow them to move into a house more suited to their needs and wants. The […]

Retirement Planning, Superannuation

Voluntary Super Contributions: Helping you Secure Your Dream Retirement

In Australia, our superannuation funds are one of our most valuable possessions – even though most of us don’t realise this is true until we are on the verge of retirement. But the truth is, your super is working hard for you throughout your career. The compulsory Super Guarantee that most of us receive from […]

Financial Planning, Superannuation

How to Upgrade Your Super Before Heading to Retirement

Preparing for retirement is one of the most important things anyone will do in their life. Your retirement is a time where you should be able to relax and enjoy your free time. But without sufficient and productive planning, your retirement may be filled with stress and financial struggles instead. Nobody deserves to dread their […]