Pension Boost has achieved a 98 per cent success rate in assisting seniors to supplement their retirement income without impacting their age pension entitlements. This company is aiding [thousands] of retirees to boost their age pensions, to help them make ends meet and enjoy a better quality of life by accessing the net equity in their homes.
retirement
Buy your retirement home now in your SMSF and use it when you retire?
Garry and Betty are the directors of the corporate trustee of their SMSF. They are contemplating acquiring a property through their SMSF, which they plan to lease to an unrelated third party at market value until both of them reach their preservation age and retire as a condition of release.
SMSFs wanting 6 members – Townsends Law ready to assist
With 6-member funds likely to become a reality very soon, if you or your clients want to establish or vary their fund to accommodate 6 members we’re ready to help.
Working through live-in aged carer issues
With many baby-boomers dreading the prospect of going into an old-folks home, house-sharing may look like the answer.
TBAR Lodgement – pension commencement
Commutation of a retirement phase income stream is an event that affects a member’s transfer balance account for the transfer balance cap (“TBC”). The Transfer Balance Account Report (“TBAR”) has to be lodged with the ATO by the relevant due dates. The transfer balance cap is currently $1.6 million.
Plan B: SMSF pension strategies during the COVID-19 recession
Investment values have nosedived but an SMSF is still required to pay the minimum pension amount – Townsends Lawyers believe it’s time for Plan B.
Do bushfires + financial hardship = early access to your super?
Given all the talk about the dreadful bush fires you’d be forgiven for thinking victims could access their super to help with their recovery. Think again, as Elizabeth Wang reports.
Annuity anxiety
Outsourcing your retirement income needs to an annuity provider was supposed to reduce your anxiety levels. Recent developments at the likes of Challenger are causing annuity owners some disquiet.