June 16, 2016

A tale of two retirements – which would you choose?

Sam and Sally Smith have worked hard all their lives, paid their taxes and, now they have retired, they feel they are entitled to a full age pension. Jan and Jim Jones have also worked hard and paid their taxes. However, concerned that Australia’s aging population and ballooning pension bill will make it increasingly difficult to qualify for an age pension, they have sought to be as financially independent in retirement as possible. With diligent savings and smart use of superannuation they have built a significant nest egg. While both couples have equally valid views, in one respect Jan and […]
June 9, 2016

Making investing a family affair

Most people would agree that couples in a marital relationship who carefully co-ordinate their investment portfolios along with their other personal finances can potentially put themselves in an excellent position to reach their shared long-term goals. This joint approach to investing can include ensuring that the asset allocation of all of their investment portfolios – inside and outside super – are appropriate and non-conflicting. It also involves making sure that each partner is making the most of the caps on super contributions if suitable for their circumstances and within their means. Another issue to consider is whether to make spouse super […]
June 1, 2016

Age Pension and 30 June

You are probably aware that there are significant changes to the Centrelink Age Pension Asset Test from 1st January 2017. Now is the time to start planning and making changes to give you the best outcome if you fear that you will lose all, or a significant part, of your pension. Some people will be better off in January but if you own your own home and your assets (excluding the home) are close to the following limits you may want to read further: Single $350,000                 Couple $470,000 It is important to know that if you lose your pension […]