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News
SMSF at Age 60: The Retirement Rules That Could Change How Your Super Is Taxed
19+ hour, 51+ min ago (176+ words) At 60, a member who has met a full condition of release can start a retirement-phase account-based pension, where the SMSF’s earnings on the supporting Assets are Exempt Current Pension Income taxed at 0% and payments are tax-free. A member who is…...
The grim retirement reality facing Aussie millennials
12+ hour, 49+ min ago (683+ words) A new report has shed light on how the various generations expect to live in retirement, with only a small percentage of millennials convinced they’ll own their own home as they head into their golden years. New research has revealed…...
Aussies eye local places for retirement travel plans, research says
17+ hour, 19+ min ago (272+ words) Over 80 per cent of Australians with super want to spend part of their retirement travelling around Australia, according to research by YouGov for Australian Retirement Trust (ART), one of Australia’s largest super funds. Nearly 70 per cent of the Australians said…...
Why wasn’t Garry Crole permanently banned? - IFA
13+ hour, 43+ min ago (879+ words) Effective from 4 September, Garry Crole was banned from performing as a director or responsible manager or any function involved in carrying on a financial services business, which ASIC said was a result of concerns related to his former roles as…...
Aussie rocked by $150,000 ATO bill as small businesses face new rules: 'Doesn't make sense"
18+ hour, 24+ min ago (999+ words) Small business owners continue to voice their frustrations, lamenting the difficult conditions they face in the current economic environment. Changes to superannuation, a looming new workplace ban, an end to card surcharges, high interest rates and rising insurance costs, as…...
Barefoot Investor Scott Pape blasts One Nation’s superannuation plan
14+ hour, 23+ min ago (1013+ words) The popular finance guru has slammed One Nation’s plan to allow Aussies to dip into their super to get $44 a week. Barefoot Investor Scott Pape has slammed One Nation’s plan to allow Aussie renters and mortgage holders to access a…...
Allowing Early Access to Super Remains Controversial
20+ hour, 46+ min ago (1027+ words) One Nation leader Pauline Hanson has once again set the cat among the pigeons with her plan to allow millions of Australians to dip into their superannuation. It has set off a raft of discussion about whether such a move…...
Topping up super makes sense, but it has a cost - News | InDaily, Inside Queensland
20+ hour, 57+ min ago (607+ words) I have $580,000 in my superannuation account and would like to contribute another $380,000 into it. Will this be taxed or is there any option to avoid paying on this contribution? Thanks. Because the tax settings within super are so generous, there…...
CAFBA says major flaws remain in discretionary trust plan
1+ day, 9+ hour ago (889+ words) CAFBA has warned that the government’s revised discretionary trust plan still leaves small and family businesses facing a difficult choice between trust flexibility and a higher tax burden. The Commercial & Asset Finance Brokers Association of Australia (CAFBA) has welcomed the…...
KiwiSaver calculator: How Labour and National???s plans would affect your retirement savings
1+ day, 20+ min ago (13+ words) KiwiSaver calculator: How Labour and National’s plans would affect your retirement savings thepost.co.nz...