The Federal Government would like us to work longer. The longer we work the less likely we are to claim our aged pension entitlements and the longer our superannuation will last.
retirement
Accidental vesting of an SMSF
In essence a self-managed superannuation fund is a special form of trust and satisfies general trust law as the assets of the fund are held on trust by a trustee to provide retirement or death benefits for its members, with those members being the beneficiaries.
What are COVID-19 re-contributions?
COVID-19 re-contributions are superannuation contributions which are a return to the superannuation system of a COVID-19 release amount. They are new personal superannuation contributions which have been identified by you as being COVID-19 re-contributions.
Pension Boost welcomes lower PLS interest rate
Pension Boost welcomes a lower Pension Loans Scheme (PLS) interest rate to 3.95% and a name change to Home Equity Access Scheme from 1 January 2022.
Actuarial certificate requirements burden reduced slightly
The compliance and cost burden for SMSFs which are entirely in retirement phase during a financial year may now be reduced as they will no longer be required to obtain an actuarial certificate to determine their “exempt current pension income”.
Has COVID changed retirement plans as much as low interest rates?
While it is too early to judge if COVID has brought forward the number of seniors retiring in Australia, what is known is that retirees face years of low interest rates with the RBA Governor stating several times that interest rates won’t rise until 2024.
What are the benefits of life settlements for society?
Alignment with ESG principles is becoming imperative in investment management. A majority of Australians expect their super or other investments to be invested responsibly and ethically. In addition to the expectation of returns not being compromised, investors also expect these investments to have a real environmental, societal or governance impact, not just “ethics washing.”
Residential aged care costs – PLS can help
There are a few scenarios where the government’s Pension Loans Scheme can support those requiring residential aged care who need to keep their home.