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Changes to minimum annual payments for super income streams
Keeli Cambourne
The ATO is reminding SMSFs that for the 2023–24 financial year the 50 per cent reduction in the minimum pension drawdown rate will no long
The ATO is reminding SMSFs that for the 2023–24 financial year the 50 per cent reduction in the minimum pension drawdown rate will no long
There is now more flexibility for SMSF members with market-linked pensions whose balances exceed the transfer balance cap with better tax ou
Self-funded retirees are the hardest hit by the increasing rise in inflation and cost-of-living according to the latest research from Associ
A question in a newspaper forum on retirement advice has sparked a furore and the follow-up media attention is creating a false narrative ab
The government might collect more revenue if it gave the relief in regard to legacy pensions because many clients would happily pay a little
An SMSF specialist lawyer has warned the new $3 million super tax will, in addition to taxing unrealised gains, also apply to any increase i
There has been a spike in re-contribution strategies driven by the abolition of the work test rules set to begin from 1 July, according to a
Around 50 per cent of working-age Australians consider super an important component of their retirement plan but expect to rely on it less t
If you have clients with a grandfathered account-based pension for social security purposes, the question of whether to retain grandfatherin
New research has revealed that over 40 per cent of pre-retiree members have either no formalised plan, or no plan at all, for their future r
The majority of people pass away with little or no super, and measures such as the Transfer Balance Cap and additional tax on balances above
The balance for women’s superannuation is growing at a faster rate than men and the gender superannuation gap is slowly closing, according
Without reform to ensure that superannuation operates as efficiently as possible to raise retirees’ living standards, the system will cont
The government should be helping people see and use superannuation as primarily for spending during retirement, including making safe financ
Superannuation pensions in retirement phase are brilliant for members of any fund – not just SMSFs. They allow super to be converted int
Some 80% of retirees say they are already negatively feeling the impact of inflation and the majority are concerned it will mean they run ou
Couples now need nearly $70,000 per year to achieve a comfortable retirement, while singles need around $50,000 according to an analysis fro
Accessing Australian super funds if you’re planning on moving overseas comes with a lot of forward planning if you don’t want an extra t
If clients are thinking about moving overseas, there are issues that may arise in regards to their finances, including their super.
With the contribution caps now set for the 2023–24 income year, SMSF professionals can do some forward planning.
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