In 2020 COVID-19 has introduced significant health risks and changes to family life. It’s now more important to have an estate plan so you can make sure your family and loved ones are looked after should you become ill or die.
Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer.
As we near the end of a calendar year, we often take time to pause and reflect and sometimes we make new resolutions for the year ahead.
Check out the following article which discusses the various types of superannuation contributions, tax considerations and takes a deeper dive into the re-contribution strategy.
Superannuation is a handy way of saving for retirement, so that you’ll have an income to live on once you’re no longer working. With Aussies living longer than ever before, you could be looking forward-to many happy years of retirement. Having a financial nest-egg to support you into old age is essential.
When thinking about the future, what do you want to see for yourself? For example, do you want to be financially independent, free of debt and living a comfortable lifestyle in your retirement years?
Retirement can mean different things to different people, however, when it comes to retirement and retirement intentions, there can be common threads.
When it comes to estate planning, approximately 45% of Australians pass away intestate.
A new financial year can often bring about change. For example, existing rates and thresholds can increase (or decrease), and new legislation can take effect.
In times of increased market volatility, it’s important to remember that no one asset or type of asset provides the best performance over all time periods. They tend to rise and fall at different times depending on economic, political and market factors. It can be extremely difficult to pick the top or bottom of a market cycle.
Ensuring your affairs are in order before your passing is an integral part of estate planning. Given this, it’s vital to understand that your super death benefit isn’t necessarily distributed via your Will.
Ensuring your affairs are in order before your passing is an integral part of estate planning. There are several types of super death benefit nominations, for example a non-binding nomination and a binding nomination. These two types of nominations can be used in both the retirement phase and the accumulation phase. However, there is another type of nomination, a reversionary nomination, which is available on income streams.
Following on from last month's blog, see part two of the two part series.
Leading up to the 2019 festive, a number of Bills passed the parliamentary process and became Acts (legislation).