Legal Issues associated with retirement villages Buying into a retirement village is different from buying other residential property. The financial structures and legal titles can vary from village to village, so it's important to talk to your lawyer so that you understand their implications. Get independent legal advice before you sign up with a retirement village. You are … [Read more...]
Archives for 2015
What is Market Volatility?
September 24, 2015 by ·
With share market volatility a daily part of news headlines, it's only natural to be concerned about how the fluctuations might be affecting the value of your investments. It can also be tempting to move your money into less risky investments. But don’t act too quickly! Everyone has heard of the term “market volatility” but what is it exactly? “Volatility” refers to the amount … [Read more...]
When is a self-managed super fund a good idea … and when is it not?
August 20, 2015 by ·
The use of self-managed super funds has grown rapidly in Australia over the past five – seven years. But, is this the most appropriate vehicle for you? Self-managed super funds are also known as DIY super funds. They can have up to four members and are generally established by an individual, a family or business partners to manage the investment of their own superannuation … [Read more...]
What’s the difference between Industry super schemes and others?
August 14, 2015 by ·
One of the most commonly asked questions about superannuation is about which type of fund to use. There is a lot of debate as to which category of fund is better than the other so it is important to understand the key differences, their advantages and disadvantages. Types of funds Industry funds These are multi-employer funds operated by parties to industrial awards, … [Read more...]
Redundancy – What do i do next?
August 6, 2015 by ·
In our last article, we suggested some key immediate actions to take if you are experiencing redundancy. Today, our suggestions focus on actions you can take to move forward with your life and career. Don’t delay your job search After you have been made redundant it is understandable to feel like you deserve a break, and to want to take some time out of the workforce. However you … [Read more...]
Redundancy – What do I do first?
July 30, 2015 by ·
If you’re one of the thousands who have been made redundant – either on a forced or voluntary basis – it can be hard to know what to do next. Being made redundant can be shocking, unexpected and life changing. Losing your job can be one of the most dislocating and confronting experiences of your life, even when it’s an option you have actively chosen. The good … [Read more...]
The Possible Benefits of ” Transition of Retirement”
July 23, 2015 by ·
Transition to Retirement Income streams were originally introduced in July 2005 to help Australians who wanted to transition to retirement via part-time work. By starting a TTR, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually. There are three major potential benefits available. Boost your super savings With a transition to … [Read more...]
Superannuation: What are Concessional Caps?
July 10, 2015 by ·
Superannuation is a way to save for your retirement. The intent is to support you to have sufficient income in retirement so that you can live comfortably once you stop working and earning an income. The money invested via superannuation comes from contributions made into your super fund by your employer and, ideally, topped up by your own money. In addition to that, sometimes the … [Read more...]
It’s a new financial year…get your money working harder for you
July 3, 2015 by ·
It’s a new financial year … get your money working harder for you Now that you have reviewed your spending habits, set some goals and planned a budget, it’s time to review and potentially refine how you make your money work for you. Rather than spending your income with the hope of having something left over to invest (which almost never works), set aside a portion of … [Read more...]
When can i access my super?
July 3, 2015 by ·
When can I access my super? While it is important to understand your superannuation and the integral role it plays in saving for your retirement, it is just as important to know when and how you can access your money. You don’t have to wait until you’re retired to start thinking about accessing your super. Generally speaking, you can access your super: When you reach preservation age and … [Read more...]