And now the good news about super changes…

From

There were some significant positives for superannuation in the 2016 Budget that have been overlooked in media coverage, says Braith Morrow, superannuation specialist and Advice Standards Manager at Findex. Morrow says: “While the media focus has been on those changes deemed unpopular, such as a lifetime non-concessional contribution cap of $500,000 and the annual concessional... Read more continue reading

Budget superannuation bright spot to help Aussie retirees retain homes and avoid downsizing

From

Homesafe Solutions MD and Founder Mr Peter Szabo welcomes the announcement in this month’s Federal Budget of the removal of the current restrictions on people aged 65 to 74 from making superannuation contributions for their retirement from July 1 2017. Commenting further on the announcement, Peter Szabo said people under the age of 75 will... Read more continue reading

Don’t panic: tax effective retirement income still an option

From

While the changes to superannuation in last week’s Federal Budget caught many by surprise, there are well-established options to help people achieve a tax effective retirement income, says Matt Walsh, head of Lifeplan. “The government-mandated superannuation system means that many people had stopped considering alternatives other than super for saving for their retirement. The changes... Read more continue reading

Budget changes make superannuation less attractive; boosts role of family trusts

From

The changes to superannuation announced in the Federal Budget make superannuation less attractive and are likely to result in family trusts increasingly becoming part of investors’ arsenal, says Michael Hutton, wealth management partner with HLB Mann Judd Sydney. “Many of the changes announced in the Budget make superannuation less attractive and less accessible for many... Read more continue reading

All eyes on “supplementing super” ahead of budget night

From

With mooted changes to superannuation tax incentives one of the hottest and most contentious tips for the upcoming federal budget, many Australians are facing a real conundrum about supplementing and growing their retirement savings. “For those planning for retirement and their advisers, uncertainty about super means the search for tax effective structures to supplement super... Read more continue reading

Lonsec Adds Global Edge to Retirement Insights

From

Lonsec Investment Consulting, a division of Lonsec Research Pty Ltd, yesterday announced exciting new additions to its Lonsec Retire Industry Panel, providing financial advisers and their clients with a global perspective on retirement strategies from the biggest industry names. AB Global, Invesco Australia, Investors Mutual Limited, and State Street Global Advisers will join the Lonsec Retire... Read more continue reading

Australians save for life’s ‘what if’s’ and chance their future

From

Preparing for life’s ‘unexpected occurrences’ is a savings priority for many Australians while winning lotto is considered a possible funding strategy for retirement. According to the latest data from BT Financial Group’s Australian Financial Health Index, Australians’ top savings priority is ‘holidays and travel’ (24 per cent) followed by ‘unexpected occurrences’ (21 per cent). Although... Read more continue reading

When it comes to income, the goal posts have changed

From

Financial advisors are engaged in a battle on behalf of their clients. It is a battle to generate enough income for a comfortable retirement. That might seem strange given cost of living increases have been subdued over the last decade however, the collapse in the interest available on bank accounts or other “safe” investments, combined... Read more continue reading

Battle of the giants: binding death benefit nomination vs reversionary pension

From

Binding death benefit nominations and reversionary pensions are two means available to members of an SMSF to select who is to receive their death benefit. But what happens if a member uses both but they clash? Case Study: Kate and John are the members of the Kate & John Family Superannuation Fund. At the time... Read more continue reading

Australian Catholic Superannuation & Retirement Fund first Australian superannuation fund to appoint Parametric for Tax-Managed Indexing Strategy

From

Australian Catholic Superannuation & Retirement Fund (ACSRF) has appointed the U.S. investment manager Parametric to implement a tax-managed indexing (TMI) strategy for a portion of its international equities portfolio. It is Parametric’s first Australian client to adopt the TMI strategy. ACSRF, which has around $7 billion in assets and about 93,000 members, awarded Parametric an... Read more continue reading