Table of preservation ages for access to superannuation Table 1: Attaining preservation age Born after … Born before … Preservation age 30/06/1960 55 1/07/1960 30/06/1961 56 1/07/1961 30/06/1962 57 1/07/1962 30/06/1963 58 1/07/1963 30/06/1964 59 1/07/1964 60
When it comes to buying assets, some ask if you “should you try to catch a falling knife”? Others recommend waiting until there’s “blood on the streets”. In investor land, both take balls. It’s buying when all around are too scared to. Buying when markets have taken a beating, or have slumped, is […]
SUMMARY: You’ve got a limited opportunity to make the most of higher contribution limits for superannuation in FY17. Bless life’s simple things. Damn the bastards who want to complicate them. Getting money into super, for some time, has been relatively simple. But, as we know, change is […]
There is a group of people that, to the day I die, are going to confound me. But it’s mutual. I’ll never get them. And they’ll never understand me. Debt-haters. I’m not talking about those with a debt problem – where they’ve lost control of what they owe. I’m talking […]
SUMMARY: Here’s the detail on the pain of the new transition to retirement pension tax. There’s no one killer punch in the Coalition’s super shakeup – it’s a combination of blows that could bring many great strategies to the canvass. The reductions of concessional contributions to $25,000 and non-concessional […]
Burglars are instant valuation experts. It’s in the job description. Within a few minutes, they need to make hundreds of lightning assessments about the value of your stuff and what they’ll get for it on the street. Jewellery, electronics, laptops, medicines, TVs. Anything they can get a quick buck for. “So”, I quizzed the insurance […]
SUMMARY: The reports of the death of TTR have been exaggerated. Still a worthwhile strategy, even if a little less effective. For many, it was almost too good to be true. A tax lurk that allowed a roundabout of tax minimisation that was effectively a handout to those over 60. Transition to retirement pensions. For […]
SUMMARY: The Budget super changes are far from law. But, clearly, couples must work more closely as a super team from this instant on. If the Turnbull Government’s super changes are enacted, stand by for a flood of new super strategies. Of Biblical proportions. I’m stacking them up, ready to deliver in this forum. Strategies […]
My hippy parents are annoyingly young. The sort of annoying that occasionally has them mistaken as my older brother/sister in public. By today’s standards, they had me before they were even really adults. They both had change out of a quarter of a century when I was born. My Gen X cohorts are the opposite […]
Best ways? Plural? Is there some suggestion that there’s more than one way? Because there isn’t. There is only one way to cut your nasty, insidious, credit card debt. Sorry guys, but it’s called “willpower”. You just need some to draw on. Credit cards, used incorrectly, are cancers on your finances. They […]
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