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Why the decision to keep deeming rates on hold may be a window for interest rates. In delivering the second reading of the Appropriation Bill (No. 1) 2024–25, otherwise known as the latest federal budget, the Treasurer announced that the current freeze on social security deeming rates will continue until 30 June 2025. It was...Read More

Ensuring financial security post-retirement is key to a comfortable and stress-free life. Proper planning helps manage your finances, ensuring you have the necessary resources. This guide provides valuable strategies for budgeting, investment planning, and maintaining long-term financial stability. By following these steps, you can navigate the complexities of post-retirement finances with confidence, securing a stable...Read More

If you’re close to retirement, chances are you’ve already spent time thinking about how to tap into your superannuation when you retire. Broadly speaking, you have a few options when you retire, as long as you’ve reached the minimum ‘preservation age’ when you’re allowed to access your super. If you were born after 1 July...Read More

If you’re nearing retirement age, it’s likely you’re wondering if you will have enough saved to give up work and take it easy, particularly as cost-of-living increases hit some of the basic expenses such as energy, insurance, food and health costs. Fortunately, someone has already worked out what you might need. The Association of Superannuation...Read More

If you’re looking to maximise your superannuation, it’s a good idea to be up to speed on any legal updates that could affect the super and tax landscape. With super caps going up and tax cuts coming in, there are some big changes on 1 July 2024 that could help you boost your retirement savings....Read More

The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement. Around 2.58 million Australians received a 1.78% government Age Pension payment boost on March 20 as part of Centrelink’s twice-yearly indexation review. They included the 1.76 million people who receive a...Read More

Living longer means more life to enjoy. If you're retired, or planning to retire, here are some ways to help make your money go the distance. Claim your government entitlements You may be eligible for government benefits such as: Age Pension Pensioner concessions Health care benefits Tax offsets See Age Pension and government benefits. Keep...Read More

Employers are desperate for workers and cost of living pressures are making it tough to live on a pension. That’s a perfect mix of conditions to send some retirees back to work. But it’s smart to get good advice before you take the leap. With unemployment rates at historic lows and employers facing a shortage...Read More

How much tax you pay on retirement income depends on your age and the type of income stream. For most people, an income stream from superannuation will be tax-free from age 60. How super income streams are taxed Types of super income streams Income from super can be an: account-based pension — a series of...Read More

Withdrawing part of your superannuation fund balance then paying it back into the account, known as a recontribution strategy, may sound a little strange but it could deliver a number of benefits including reducing tax and helping to manage super balances between you and your spouse. Your super is made up of tax-free and taxable...Read More