Welcome to our latest newsletter, Budget Edition, in which we consider the main items in the budget handed down on 29 March 2022 that may impact our super clients. Extension of the temporary reduction in super minimum draw down rates The Government has extended the 50% reduction of the superannuation minimum drawdown requirements for account-based pensions and similar products for... More Information ▶
The government has just announced that it had been successful in gaining support for the repeal in the Mining Tax Tax, but with that comes a freeze on the increase in Superannuation Guarantee Contributions (SGC). Until this year’s budget, the Labor government had SGC reaching 12% by 2019. This change sees it staying at 9.5% until 2021 before increasing in... More Information ▶
Have you ever wondered what your super is actually going to give you once you decide to stop working? When is it going to run out? Will there be any left for the kids? Here, we use the ASFA “Will My Super Savings Be Enough” calculator to show you how you can determine: When can I access my super? How... More Information ▶
Are you too young and busy to know whether you even WANT to retire yet, let alone when and how? Like most 30 and 40-somethings, have you filed superannuation in the too hard basket? Because who knows what you’ll be doing in 5 years, let alone 20 or 30? Well, forget retirement for a minute. Just think of your Super... More Information ▶
