There are rules around accessing your super early and breaking these rules accompanies heavy penalties. You'll need to work out if you will access your super as a regular pension, a lump sum or a combination of both upon reaching your retirement. A retiree should reach...
Making plans for the aged-care years can be less exciting but equally important as planning your retirement. We are all likely to experience losing some of our physical activity as we age and may experience some cognitive decline. But this does not mean that we...
An international survey published by the American Academy of Actuaries, the Institute and Faculty of Actuaries and the Actuaries Institute of Australia shows that people in the United States, United Kingdom and Australia are struggling to prepare for retirement because of increasing demands on them...
Setting up an SMSF is relatively easy compare to winding it up. It is indeed important to have an exit strategy before setting up your SMSF to avoid costly conflicts in the future. Some of the probable reasons why would people want to get out...
Self-Managed Super Fund (SMSF) should be set up correctly to make sure it is eligible for tax concessions, can receive contributions and is as easy as possible to administor. In setting up an SMSF, you need to: Consider appointing professionals to help you You may want to get...
I noticed that my recent posts were all news and updates related to Self-managed Super Funds. And this made me wonder, do my readers still remember exactly what is the meaning, how does it work and what are the benefits of SMSF? To help my readers...