Downsizer Contributions – value for some is questionable!

In November 2017, legislation was passed that will allow certain individuals who sell their main residence to contribute up to $300,000 of the sale proceeds to superannuation without being constrained by the usual restrictions that otherwise apply to contributions including contribution caps and work requirements. The value of homes in most ...

Should life be this hard?

Have you ever tried to change your bank, electricity supplier or phone/internet provider? Why is it just so hard? A couple of years back I heard a theory that banks aspire to have multiple relationships with their customers. They work on the philosophy that the more relationships (i.e. accounts) a person has ...

Has superannuation failed us?

For many older Australians, superannuation is a relatively new concept, having only been available to the masses since the mid-1980’s. Although ‘award based’ superannuation first appeared in 1985, the more formal compulsory superannuation guarantee system was introduced in 1992. Before becoming compulsory, employer sponsored superannuation was pretty much optional. Certainly, public ...

Protecting your super from organised crime

The Australian Crime Commission recently released its report for 2015. And what an interesting read it is… While the greater majority of Australians have absolutely nothing to do with organised crime, it lives on our doorstep and in one way or another, everyday folk have been touched by it, or will ...

Media: a source of misinformation?

I have complained about the media in this blog previously, particularly in relation to their inability (on occasion) to publish articles that are factual, balanced and informative so as to help people weigh up the pros and cons of any situation, and then make an informed decision. So what has got ...

 

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