Turning 55? See how your superannuation balance compares to the Australian average and determine if you're on track for a comfortable retirement. Learn about the ASFA's comfortable retirement standard and steps you can take to close any gaps in your savings.
Read More$3 million in a super is a lot – until it isn’t.
The landslide election of the Labor Government in the House of Representatives and the composition of the Senate means that there’s not much standing in the way of the implementation of the extended Division 296 Tax Liability. This includes the taxation of unrealised capital gains in superannuation. Federal Treasurer Jim Chalmers has confirmed that the Party does intend to introduce the stalled bill again.
Read MoreAddressing retirees' fears of running out of money is essential for enhancing their quality of life. One of the biggest fears for retirees is running out of money during retirement and the impact this may have on their quality of life. With this in mind, many retirees only draw down the minimum of their account-based pension and lack the confidence to spend their retirement savings. They later regret being overly frugal in their early years of retirement. This is called ‘Regret Risk’.
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