Retirement planning is “back on the agenda” for SMSF trustees in the post-GFC period, according to Crowe Horwath.
Advisers are having more discussions with clients about retirement strategies since the GFC, with over 55s “ready to engage with advisers, plan and seek advice on retirement strategies”, according to Susie Salmon, head of superannuation and SMSF for Crowe Horwath
“This is markedly different to the last five years when most conversations had been focussed on capital preservation,” Ms Salmon said.
“The last few years have been difficult for SMSF trustees, [who are] concentrating on rebuilding the capital base of their funds. This focus on re-accumulating funds lost during the GFC has led to many trustees not having the time to properly plan their portfolios for retirement,” she added
Crowe Horwath said trustees need to review their retirement plans on a regular basis.
“Trustees need to constantly review their retirement positions, no matter how young or old, to track against future goals, even after you have retired,” the company stated.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 21 Aug 2017SMSFA appoints high-profile Australian as patronBy Staff Reporter
- 21 Aug 2017Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 21 Aug 2017Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- view all
- ATO locks in details, addresses panic on real-time reporting
The tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
- view all