As you approach retirement, it’s important to understand how to access your superannuation. If you’re looking to retire this year – or are in the planning stages – here’s a list of frequently asked questions. When can I access my superannuation? Australian legislation sets out specific conditions – known as conditions of release – that […]
Retirement planning – lessons from the ‘elders’
There’s a lot to be learned from those who’ve journeyed before us. Retirement is no different. A Fidelity International survey of over 1,500 Australians over the age of 50 asked retirees about the lessons they learned in retirement and the challenges that arose which they hadn’t anticipated. Many said they underestimated the emotional impact of […]
The six Cs of a successful retirement
If you’re wondering how to get the most out of your retirement, researchers from Fidelity International have outlined six important elements to a successful retirement, and the good news is none of them are based on your net worth. They are non-financial aspects of life and are known as the six Cs: 1 – Capability […]
Super Recontribution Strategy
Although it may sound a little odd, taking money out of super and putting it back in can actually be beneficial by reducing the amount of potential tax you or your dependents may pay in the future. A recontribution strategy aims to increase the ‘tax-free’ component of your super account while reducing the ‘taxable’ amount. […]
Higher Minimum Pensions from 1 July 2023
The recent 50% reduction in the minimum Account Based Pension withdrawal requirement came to an end on 1 July 2023. This was a temporary measure during and after COVID and was designed to reduce the depletion of ABPs in times of lower investment returns. From 1 July 2023, the minimum withdrawal percentages are reverting to […]