Lump sum advance payments are now allowed under the Federal Government’s Home Equity Access Scheme (HEAS). This change will increase flexibility and utility for participants by providing a new way to use the scheme to meet their living expenses.
home equity
Ten years to retirement: what can you do and what to avoid
The average superannuation balance for Australians aged 45-54 is $151,500 for males and $90,800 for females. Australians aged 55-64 have an average balance of $322,000 for males and $180,000 for females.1 That really is not much. I call the last 10 years of working life the “home run” decade. It is the last chance that […]
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