Myth busted: Retirees tend to not run down super savings quickly

A report released by the Actuaries Institute last week on retirement income showed that drawdown behaviour of retirees are similar across the board, regardless of the size or type of retirement savings accounts. Retirees super savings quickly The Actuaries Institute’s Retirement Income Market Report, which it labelled as “the most comprehensive study of Australian superannuation

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What’s delaying that client’s return? The ATO has some pointers

What’s delaying your client’s tax return? The ATO says that while it strives to maintain its service commitment, there will inevitably will be some returns that may take longer to process. What’s delaying client’s tax return? It says typically this could occur when: returns for previous years have been lodged with the current year’s return

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Investment forms, explanations, guidance

Use the links provided to find out more about investing, and find out more about the Tax Office’s investor’s tax planning tips. Property Tax advice website for investors  The Tax Office’s tax planning website, designed to help investors and tax agents make informed investment decisions. Features a checklist of what to look for before putting

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How a mortgage offset account works

“Mortgage offset accounts”, “offset home loan”, “interest offset account” or simply “offset account” — they are all interchangeable labels for the same financial product provided by banks. It is essentially a savings account that is linked to a loan account. An offset facility contains two bank accounts: (1) a transaction account (meaning you have access

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Super schemes: If in doubt, check it out

The ATO says about super schemes, if in doubt, check it out. The ATO says it has seen an increase in aggressive tax planning schemes targeting retirement savings, at a time when more than one third of Australians are approaching retirement and are looking at ways to maximise their retirement assets and income. Super schemes doubt

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