 |
Posted in Retirement
#EveryoneNeedsAPlan: Comfortable Retirement Standard
Posted by Dean McKinnon
on 19 January 2024
How much superannuation savings you need for a 'comfortable retirement' depends on how much you want to spend, but if you're not sure the Association of Superannuation Funds of Australia ('AFSA') produce regular reports that provide basic data regarding retirement expenditure.
AFSA also provide an indication of how much super savings you'll need to meet the expenses of a 'comfortable retirement'.
A 'comfortable retirement' is subjective and it is...
| Posted in:Retirement | 0 Comments |
#EveryoneNeedsaPlan to Contribute to Super if Aged 67-74 Without Meeting Work Test
Posted by G. Dean McKinnon
on 1 April 2022
Presently, if you are aged between 67 and 74 you are required to satisfy the 'work test' before making certain superannuation contributions. But from 1 July, 2022 the laws have changed and under certain circumstances you will be able to make some types of superannuation contributions without having to satisfy the 'work test'.
To meet the 'work test', depending on your age, the person must be gainfully employed for at least 40 hours during a consecutive 30-day pe...
To meet the 'work test', depending on your age, the person must be gainfully employed for at least 40 hours during a consecutive 30-day pe...
| Posted in:SuperannuationRetirement | 0 Comments |
#Everyoneneedsaplan to Maximise Super Contributions from 1 July 2020
Posted by Dean McKinnon
on 14 September 2019
If you are aged 65 to 67 you may be able to contribute an additional $200,000 to your super from 1 July 2020.
The federal government is currently in the process of making changes to super contribution laws and from 1 July 2020 the "Work Test" requirements for super contributions are likely to be amended.
Effectively this will mean from 1 July 2020 if you are aged between 65 and 66 you will be able to make voluntary contributions to your super (concessional and non-concessional...
| Posted in:SuperannuationRetirementFinancial Planning | 0 Comments |
#everyoneneedsaplan to understand the new Age Pension Assets Test
Posted by Dean McKinnon
on 19 January 2017
Changes to the Age Pension Assets Test commenced 1 January 2017, and may reduce your Age Pension payment.
Following is a summary of the main points of the changes:
Only the Assets Tests has been changed - there are no changes to the Income Test.
Be aware that your Age Pension payment is determined by completing the Assets Test and the Income Test for your particular financial circumstances, and which ever Test provides the lowest payment w...
| Posted in:RetirementSocial Security | 0 Comments |
The Top 5 Tips For Choosing Your Financial Planner
Posted by Dean McKinnon
on 14 October 2015
 "The Top 5 Tips For Choosing Your Financial Planner")
Choosing a Financial Planner or Financial Advisor can be a difficult process, particularly if you have never had any dealings or experience with financial issues in the past, so here are my TOP 5 TIPS for helping you choose the right financial planner for your particular needs.
1. Firstly, you need to determine if you require a Financial Planner, or a Financial Adviser.
A Financial Planner generally differs from a Financial Adviser in that a Planner provides you with a F...
| Posted in:PropertyTaxSuperannuationRetirementMortgages and FinanceInvestmentInsuranceFinancial PlanningSocial Security | 0 Comments |
