TTR pensions enable eligible individuals, typically those between the ages of 55 and 60, to access up to 10% of their TTR pension account balance each year, even if they continue to work. Here’s what you need to know.
Modest but meaningful — we outline the highlights for personal tax, small business tax, superannuation and more announced in last night’s Federal Budget.
Since 1 January 2022, the Government’s Pension Loan Scheme has been rebranded as the ‘Home Equity Access Scheme’. This Scheme allows senior Australians to access the equity in their real property by borrowing from the government, against the value of their property to supplement their retirement income.
If you are over 55 (and have reached your preservation age) the Australian Government has made it possible for you to access your super as a non-commutable income stream while you are still working. Read how.
To help you gain a better understanding of the government stimulus measures that you may be able to access, we have summarised the key developments as they stand so far.
Find out if you’re entitled to the following tax offsets (rebates) and deductions for the year ended 30 June 2019.
Read why this year’s Federal Budget is an ‘election budget’ with future tax cuts for all Australians, especially low and middle income earners. Overall, there were minimal changes to super proposed in the Budget, with minor changes to super contributions for older Australians.
Redefining risk for income investors An equity-based investment fund that aims to deliver dependable income is likely to deviate significantly from the Australian share market index. It requires an active approach to manage a set of very different risks. For a typical return-seeking equity fund… 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 >>
Changes to Centrelink Assets Test – January 2017 On 1 January 2017, there will be changes to the assets test the Department of Human Services use to calculate pensions. If you are in receipt of a pension, the rebalance of the assets test may affect your… Read More >>