retirement

How much do you need to retire?

How much do you need to retire? When it comes to superannuation and retirement savings, it seems that size really does matter. There are other considerations of course, but for the most part the focus will be on finances when people aim to “improve” their post-work life prospects. The question of how much retirement savings

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SMSF news just keeps getting better

The ATO has just released the latest of what has become a regular update on the state of the SMSF market. The Self-managed super fund statistical report, with the latest covering the quarter to March this year, has become an anticipated overview for many in the SMSF arena — containing as it usually does some

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SMSF trustees are getting more used to outsourcing

Applying psychological “types” to professional cohorts is nothing new, and has even been used in the SMSF arena to classify trustees. About five years ago, independent research group CoreData identified three key types of SMSF trustee — “controllers”, “coach-seekers”, and “outsourcers”. The controllers were initially considered the biggest representative group, and typically represented the traditional

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Average age of “intending” retirees creeping up

Average age of “intending” retirees creeping up. New survey results from Roy Morgan Research shows that the average age of Australians intending to retire in the next 12 months is 61 years, up from 58 years in 2014. The average in 2008 was 57.5 years. Average age of “intending” retirees creeping up “This increase is

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Overview of superannuation system changes for SMSFs

The changes to the super system, announced by the government in the 2016–17 federal budget, have now been passed by Parliament. Overview of superannuation system changes for SMSFs. As reflected in the name of the legislation, the Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, these changes were designed to improve the sustainability and

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