What does the election result mean for our super?

Against the odds and the predictions of both pre-election polling and the commentary of so many media “experts”, the Coalition looks set to return to government following the 18 May Federal Election. This result was not expected, and I am sure many readers were preparing for significant changes to tax, and to their ...

I just got a confusing letter from my super fund

In May 2019, superannuation fund trustees started writing to selected members of their funds informing them the insurance cover held in their super account may be cancelled. This can have serious consequences for fund members if not addressed promptly. The action being taken by the super funds is as a consequence of legislation that was ...

Apparently, there is an election coming up!

By now I would imagine that most readers are tiring of the up-coming election. The media is having a field day reporting on every waking moment in the lives of our key politicians from both the major and minor parties. Our household has been declared an election-free zone. We have pretty much stopped watching live to ...

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 ...

Grandchildren – yes, I am that old!

I have become a grandfather for the third time in the last week. My beautiful daughter gave birth to a very healthy 3kg boy, Edward Kyle. Very English I know - her wonderful partner is English. My granddaughters, twins, Penelope and Adeline, are approaching two years of age - creating a ...

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 ...

How expensive is retirement?

Regular readers will know that we often refer to the costs of living in retirement published by the Association of Superannuation Funds of Australia and known as the ASFA Retirement Standard. The figures are updated every three months to take into account movements in the general cost of living. The latest ...

 

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