The current rate of compulsory Superannuation Guarantee (SG) is due to increase to 10% in July 2021. It has been frozen at 9.5% since July 2014 and there have been many arguments for and against increasing SG contributions from the current rate of 9.5% to 12%.
Regularly checking in on your retirement plan is always a sensible strategy. Keeping track of your finances becomes even more important in times of economic uncertainty. Given the changes we’ve seen due to Coronavirus, now is a good time to take a look at your retirement income plan with fresh eyes. We’ve put together a list of resources to help you.
If you’d like the peace of mind that comes with a guaranteed income for life, a lifetime annuity might be right for you.
Looking for a secure and guaranteed investment for your retirement? Here are five reasons why you may want to consider a lifetime annuity.
Still confusion among Australians as to the current retirement age With some commentary linking this to the Age Pension age, others to the age at which you can access your superannuation. In Australia there is no official retirement age, so you can choose to retire… Read More >>
Whether you’re considering options for yourself, or deciding how best to help someone close to you, a transition into aged care is an emotional and life changing process. It’s a daunting move for anyone to make. On top of trying to figure out where to… Read More >>
Who are the winners and the losers? The Government has now passed law to give effect to changes to Centrelink’s asset testing from 1 January 2017. Changes to the asset test could mean certain Centrelink/ DVA clients, by virtue of their assets, will receive a… Read More >>
Are you ready? Last year the Government legislated an increase to the assets test thresholds and the assets test taper rate from 1 January 2017. If you are retired or approaching retirement, these changes could have an impact on your retirement plans. Increase in the… Read More >>
What does it mean for you? Following the Federal Budget announcement, the Government has now passed law to give effect to changes to Centrelink’s asset tests. From 1 January 2017 onwards, there will be changes to the assets test for the age pension and this… Read More >>