Early access to super, March super returns, SMSFs see buying opportunities ahead, Managing your super in a downturn, Minimising super pension risks, Advance care plans
Highlights of the April 2020 edition of the SuperGuide newsletter include:
- SUPER FUND RETURNS FOR MARCH: Super funds recorded significant falls in March but have clawed back some ground in the first three weeks of April.
- EARLY RELEASE OF SUPER: As part of its response to the Coronavirus, the Federal Government is allowing Australians to access up to $20,000 of their super. We give the details, and we also look at the rules around early access that apply to SMSFs.
- SMSFS AHEAD OF THE INVESTMENT CURVE: Perhaps due to their age and experience, SMSF investors are more likely than others to see the current market turmoil as a buying opportunity.
- WORRIED ABOUT YOUR SUPER? DON’T PANIC: It seems counter-intuitive, but the best thing to do with your super when the market panics is often nothing. Janine Mace looks at the evidence for holding tight and offers tips to stretch your retirement dollars further.
- TESTING TIMES FOR SUPER PENSIONS: A big market fall is especially difficult to handle in the years just before and after retirement. Barbara Drury looks at the twin risks to be aware of. While the Government’s temporary halving of pension drawdown rates is a help, Penny Pryor looks at an additional strategy for SMSFs.
- TAKING CARE OF YOUR HEALTH: The Coronavirus has made us all more aware that not just the elderly can become critically unwell. Bina Brown explains why everyone should have an advance care plan. And longevity researcher David Williams shares insights into positive ageing.
SUPER NEWS
Scammers targeting early release of super, ASIC announces advice relief measures, ATO releases Q&As on coronavirus, SMSF annual returns can be deferred, and the federal government releases a Code of… Read more.
Scammers targeting early release of super, ASIC announces advice relief measures, ATO releases Q&As on coronavirus, SMSF annual returns can be deferred, and the federal government releases a Code of… Read more.
Despite a despondent October performance, super funds are up a healthy 10.3% so far this year with only six weeks to go. Read more.
Despite a despondent October performance, super funds are up a healthy 10.3% so far this year with only six weeks to go. Read more.
ACCESSING SUPER
While super is designed to provide income in retirement, there are circumstances when you may be eligible to withdraw some or all of your savings. Read more.
While super is designed to provide income in retirement, there are circumstances when you may be eligible to withdraw some or all of your savings. Read more.
You may be able to withdraw a small lump sum from your retirement savings if you are in severe financial hardship and not otherwise eligible to access your super, but… Read more.
You may be able to withdraw a small lump sum from your retirement savings if you are in severe financial hardship and not otherwise eligible to access your super, but… Read more.
While compassion is a general term, the ATO applies strict rules when deciding whether you can withdraw some of your super early on compassionate grounds. Read more.
While compassion is a general term, the ATO applies strict rules when deciding whether you can withdraw some of your super early on compassionate grounds. Read more.
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to… Read more.
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to… Read more.
SMSFs
As the debate over passive vs active investing continues, both have their place in SMSF portfolios, depending on your financial goals and risk tolerance. Read more.
As the debate over passive vs active investing continues, both have their place in SMSF portfolios, depending on your financial goals and risk tolerance. Read more.
If you want to stay on the right side of the ATO and avoid costly penalties, it pays to review its list of common mistakes made by SMSFs when lodging… Read more.
If you want to stay on the right side of the ATO and avoid costly penalties, it pays to review its list of common mistakes made by SMSFs when lodging… Read more.
If your SMSF comes to the attention of the ATO for the wrong reasons, don’t panic; swift remedial action is generally the best policy. Read more
If your SMSF comes to the attention of the ATO for the wrong reasons, don’t panic; swift remedial action is generally the best policy. Read more
RETIREMENT PLANNING
When sharemarkets fall and people start panicking, it’s easy to think the best solution is to sell your investments or swap out of your super fund investment option. But it’s… Read more.
When sharemarkets fall and people start panicking, it’s easy to think the best solution is to sell your investments or swap out of your super fund investment option. But it’s… Read more.
The best things in life are free, but is financial advice one of them? Find out the possibilities. Read more.
The best things in life are free, but is financial advice one of them? Find out the possibilities. Read more.
How to plan your income in retirement can be one of the most confusing aspects of retirement planning. In this video members of the Profession of Independent Financial Advisers provide… Read more.
How to plan your income in retirement can be one of the most confusing aspects of retirement planning. In this video members of the Profession of Independent Financial Advisers provide… Read more.
The cost-of-living crisis has left many retirees worried about their financial position, so now could be a good time to check if your retirement budget needs a tune-up. Read more.
The cost-of-living crisis has left many retirees worried about their financial position, so now could be a good time to check if your retirement budget needs a tune-up. Read more.
SUPER PENSIONS
Market volatility and economic uncertainty can wreak havoc with retirement plans, so it’s important to develop strategies to ensure your savings last the distance. Read more.
Market volatility and economic uncertainty can wreak havoc with retirement plans, so it’s important to develop strategies to ensure your savings last the distance. Read more.
Retirees with an account-based super pension are required to withdraw a minimum amount each year. This is how it’s calculated. Read more.
Retirees with an account-based super pension are required to withdraw a minimum amount each year. This is how it’s calculated. Read more.
When and how you withdraw income from your super in retirement can have significant tax benefits. Read more.
When and how you withdraw income from your super in retirement can have significant tax benefits. Read more.
Stopping part or all of a pension can be a useful strategy for SMSFs in certain situations. We explain how and why. Read more.
Stopping part or all of a pension can be a useful strategy for SMSFs in certain situations. We explain how and why. Read more.
IN RETIREMENT
Talking about death and dying is always difficult, but making your end of life wishes know can save unnecessary suffering for you and your loved ones. Read more.
Talking about death and dying is always difficult, but making your end of life wishes know can save unnecessary suffering for you and your loved ones. Read more.
Move over midlife crisis. New research shows more of us are going through a major life reassessment much later in life. Read more.
Move over midlife crisis. New research shows more of us are going through a major life reassessment much later in life. Read more.
With life expectancy projected to continue to rise, along with the cost of living, older Australians face both opportunities and challenges as they head into their ‘third act’ of life. Read more.
With life expectancy projected to continue to rise, along with the cost of living, older Australians face both opportunities and challenges as they head into their ‘third act’ of life. Read more.
