Super perks, Tax offsets, Best and worst funds, SMSF wind-up costs, share transfer to your SMSF, Adjusting to retirement.
Highlights of the October 2021 edition of the SuperGuide newsletter include:
- PERK UP YOUR RETIREMENT: From tax savings and cheaper insurance to estate planning, there are more benefits to super than you might think.
- SAPTO, LMITO, LITO: Never mind the acronyms, check out the tax savings for eligible seniors and lower income earners.
- HOW DID YOUR FUND PERFORM? A new survey sorts the super fit cats from the fat cats and shares tips on how to spot them.
- YOU’RE WINDING ME UP: All good things come to an end, even your SMSF. Here’s what costs to expect when you wind up your fund.
- MAKING AN IN SPECIE TRANSFER: We walk you through the process of transferring shares into your SMSF.
- RETIREMENT SURPRISE PACKAGE: Our retiree panel reflect on life after work, and the things that surprised them most.
SUPER NEWS
Draft retirement income covenant released, TWUSUPER calls off EISS merger, Superannuation industry at risk of losing billions due to climate change, SMSFs must use SuperStream for rollovers, Financial services coalition… Read more.
Draft retirement income covenant released, TWUSUPER calls off EISS merger, Superannuation industry at risk of losing billions due to climate change, SMSFs must use SuperStream for rollovers, Financial services coalition… Read more.
SUPER FUNDS
There are lots of overlooked benefits that come with your super account, so it’s worth checking out what’s on offer. Read more.
There are lots of overlooked benefits that come with your super account, so it’s worth checking out what’s on offer. Read more.
Small APRA funds are often overlooked, but they offer valuable benefits if you want more control of your super investments without the trustee responsibilities. Read more.
Small APRA funds are often overlooked, but they offer valuable benefits if you want more control of your super investments without the trustee responsibilities. Read more.
If you are wondering why you have so little super to show for all your hard work, it may be time to search for super accounts you forgot you had. Read more.
If you are wondering why you have so little super to show for all your hard work, it may be time to search for super accounts you forgot you had. 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.
INCOME TAX
If you are eligible for the Age or DVA pension you could be in line for a handy tax rebate, depending on your taxable income and relationship status. Read more.
If you are eligible for the Age or DVA pension you could be in line for a handy tax rebate, depending on your taxable income and relationship status. Read more.
Low-income earners may be eligible to reduce their tax bill by as much as $700, without lifting a finger. Check our guide to who’s eligible and for how much. Read more.
Low-income earners may be eligible to reduce their tax bill by as much as $700, without lifting a finger. Check our guide to who’s eligible and for how much. Read more.
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
Now that the stage 3 tax cuts are law, most Australians will receive a tax cut in 2024-25. Until then, existing income tax rates and thresholds apply. Read more.
SMSFs
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If you’ve ever wondered if you can transfer shares or a business property into your SMSF, the answer is yes but strict rules apply. Read more.
If you’ve ever wondered if you can transfer shares or a business property into your SMSF, the answer is yes but strict rules apply. Read more.
Moving assets into the lower-tax super environment can be a rewarding strategy. This is how it’s done. Read more.
Moving assets into the lower-tax super environment can be a rewarding strategy. This is how it’s done. Read more.
Investing in international shares has never been easier, but it’s important to understand the potential impact of currency fluctuation on your investment returns and how to mitigate the risks. Read more.
Investing in international shares has never been easier, but it’s important to understand the potential impact of currency fluctuation on your investment returns and how to mitigate the risks. Read more.
With an SMSF you can buy the property used by your business to become your own landlord. But how do you ensure you stay on the right side of the… Read more.
With an SMSF you can buy the property used by your business to become your own landlord. But how do you ensure you stay on the right side of the… Read more.
Recording minutes of your SMSF decisions and resolutions is not only a good habit to get into, it’s a legal requirement. Here’s how it’s done. Read more.
Recording minutes of your SMSF decisions and resolutions is not only a good habit to get into, it’s a legal requirement. Here’s how it’s done. Read more.
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law. Read more.
SMSFs have many attractions but keeping up with the admin is not one of them. Here’s what you need to know to stay on the right side of the law. Read more.
RETIREMENT PLANNING
Research shows your spending in retirement depends not just on how much you have in your nest egg, but also on the phases you go through as you age. Read more.
Research shows your spending in retirement depends not just on how much you have in your nest egg, but also on the phases you go through as you age. Read more.
Working out how much income you will need in retirement is no easy task, but some simple rules of thumb may provide an estimate to start the planning process. Read more.
Working out how much income you will need in retirement is no easy task, but some simple rules of thumb may provide an estimate to start the planning process. Read more.
Most super funds provide tools to help you estimate your annual retirement income and how long it should last. But how reliable are they? It pays to know what to… Read more.
Most super funds provide tools to help you estimate your annual retirement income and how long it should last. But how reliable are they? It pays to know what to… Read more.
Sequencing risk can ruin even the most carefully planned retirement, with losses and low returns as you move into retirement reducing how much you can spend. Read more.
Sequencing risk can ruin even the most carefully planned retirement, with losses and low returns as you move into retirement reducing how much you can spend. 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.
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.
IN RETIREMENT
Before retirement, the focus is often on preparing our finances. After retirement, our changing priorities can come as a surprise, and often in a good way. Read more.
Before retirement, the focus is often on preparing our finances. After retirement, our changing priorities can come as a surprise, and often in a good way. Read more.
The investment return on your super pension account is just as important as the returns you earn on your super while you are working, as this simple ‘rule of thumb’… Read more.
The investment return on your super pension account is just as important as the returns you earn on your super while you are working, as this simple ‘rule of thumb’… Read more.
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years. Read more.
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years. Read more.
Updated with September 2024 thresholds. A government concession card to get cheaper healthcare can make a big difference to your retirement budget – and you don’t need to be on… Read more.
Updated with September 2024 thresholds. A government concession card to get cheaper healthcare can make a big difference to your retirement budget – and you don’t need to be on… Read more.
