Recent Posts by Peter Kelly

Is Transition to Retirement Still Viable?

As many readers will be aware, legally getting access to superannuation before retirement can be a rather difficult. But, back in 2005 things were made just a little easier. Superannuation law was amended to allow people to access their super from preservation age – currently 55, but progressively increasing to 60 – without having ...

Pensioners living in million-dollar homes!

By Thursday, March 7, 2019 0 No tags Permalink 1

As many readers will be aware, the family home is exempt from means testing for Social Security benefits, including the age pension. But this hasn’t always been the case. When the Commonwealth first introduced the age pension back in 1909, the family home was included as an asset. However, in 1912 the Government of the ...

Older Australians and their housing dilemma

As we approach another Christmas, perhaps it is time to reflect on those members of our community that are doing it tough. Sadly, the number of older Australians affected by housing affordability in on the increase. Quite recently COTA NSW released a report into research they conducted in relation to the ...

Downsizing – is it for you?

Over the past six months, I have been receiving a lot of calls and emails from financial planners asking about the ability of people who sell their family home to contribute any additional sale proceeds to superannuation. This is the Government’s ‘downsizer contribution’ initiative that was introduced from 1 July ...

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