The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the total amount that can be transferred into the tax-free retirement phase. This new limit on superannuation will apply from 1 July 2017 and creates…
SMSF Income Streams
January 2017 There are a number of types of income streams which can be paid from superannuation funds or with superannuation benefits. However, even though some, such as term allocated pensions and defined benefit income streams such as lifetime and term certain pensions are generally no longer allowed to be commenced within an SMSF, there…
Cashflow management in retirement
October 2016 So, the big question is: how much money is enough for your retirement? Clearly, the one constant for every Australian in retirement is meeting basic living costs. Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else. Consider your own circumstances and your SMSF. Will…
October 13, 2016
Cash flow management in retirement – have you got it right?
Written by Name, Title, Company For those nearing retirement, it can be an exciting time or a rather difficult one. Exciting if you are confident that you have saved enough to comfortably fund your retirement; difficult if you are not so sure. There are two sides to this often asked question of have I got…