Superannuation

Should I Buy Insurance Through My Super

Should I buy insurance through my super?

While we all hope for good health, the reality is that some of us may struggle at times with sickness or injury. And that may affect your family’s financial wellbeing. Different types of life insurance or personal insurance can provide an income when you’re unable earn, or a lump sum to protect your loved ones…

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retirement plans

Flexing your retirement plans

The concept of retirement plans are changing, with fewer people working towards a final retirement date and then clocking off for good. Instead, those who have the flexibility to choose are often transitioning out of the workforce over several years, or even returning after a break. Whether you simply want to wind back your working…

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How much super do I need to retire?

How much super do I need to retire?

Working out how much super you need to save for retirement is a question that keeps many pre-retirees awake at night. Recent market volatility and fluctuating superannuation balances have only added to the uncertainty. So it’s timely that new research shows you may need less than you fear. For most people, it will certainly be…

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super fund check at end of financial year with your adviser

A super end to the financial year

As the end of the financial year approaches, now is a good time to check your super fund and see what you could do to boost your retirement nest egg. What’s more, you could potentially reduce your tax bill at the same time. There are a handful of positive changes to super due to start…

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Superannuation Downsize Incentive is it a good idea?

Superannuation Downsize Incentive

Is it a good idea to downsize your home to upsize your super? By Rachel Lane Since 1 July 2018 Australian seniors have been able to make what is known as a “Downsizer Contribution” to their superannuation fund of up to $300,000, which means if you are a couple, you could get a combined $600,000…

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Avoid the rush: Get ready for June 30

It seems like June 30 rolls around quicker every year, so why wait until the last minute to get your finances in order? With all the disruption and special support measures of the past two years, it’s possible your finances have changed. So it’s a good idea to ensure you’re on track for the upcoming…

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Finally a super idea for extra retirement income. Lifetime Pension

Finally, a super idea for extra retirement income

The federal government’s recent “Retirement Income Review” pointed out that many retirees live on just the income from their superannuation, rather than drawing down on the balance as they progress through retirement. This seems to be partly due to the major misunderstanding that this is how the system is supposed to work, and partly because…

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counting down to June 30 - working from home expenses you can claim in 2021 LifePath Financial Planning can help

Counting down to June 30

It’s been a year of change like no other and that extends to tax and superannuation. As the end of the financial year approaches, now is a good time to check some new and not so new ways to reduce tax and boost your savings. With so many of us confined to our homes over…

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managing investment risk with LifePath Financial Planning

Managing investment risk in uncertain times

2020 exposed investors to the end of a bull market and the start of a global recession, all caused by a totally unexpected global pandemic. The outlook for the global economy and investment markets remains uncertain until an effective vaccine is available. While there is cause for optimism now that vaccines are becoming available, the…

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Strategies to rebuild super after early withdrawal

Strategies to rebuild super after early access

If you’ve accessed your super early due to COVID, there are a number of strategies that can help you get your super back on track, when the time is right. Three strategies to rebuild your super  There are three key strategies that could help you boost your retirement savings between now and retirement. 1. Allocate some…

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LifePath superannuation strategies for EOFY

Smart super strategies for this EOFY

Want to help boost your retirement savings while potentially saving on tax? Here are five smart superannuation strategies to consider before the end of the financial year. 1. Add to your super – and claim a tax deduction If you contribute some of your after-tax income or savings into super, you may be eligible to claim…

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Superannuation changes and what you need to know

Five super changes and what you need to know about them

In the 2016 Federal Budget, the government proposed a wide range of reforms to Australia’s superannuation system. In fact, these are the most significant changes to super of the last 10 years. Although not all the proposals have been legislated, some significant ones were passed by parliament late last year and are now in effect….

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