SUMMARY: No. No! NO! Ignore this nonsense about accessing super early to buy homes. It’s dumb on many levels. Australians should not be able to access their super funds to purchase homes. Not under Australia’s current super system. Calls to do so are populist claptrap, sometimes pushed by self interest. To date, the calls have […]
SUMMARY: Superannuation Budget submission time – a time for wish lists and the tooth fairy. The air surrounding Joe Hockey’s first Budget as Treasurer is getting pretty thick and acrid. It’s still two months’ away. But there’s every indication that it will be a true “horror” document felt in hip pockets everywhere. Very little seems […]
SUMMARY: Superannuation Budget submission time – a time for wish lists and the tooth fairy. The air surrounding Joe Hockey’s first Budget as Treasurer is getting pretty thick and acrid. It’s still two months’ away. But there’s every indication that it will be a true “horror” document felt in hip pockets everywhere. Very little seems […]
SUMMARY: While complex changes to super have been ditched, there’s no word on increasing concessional contributions limits. And, to be sure, don’t hold your breath. The wording of the Coalition’s election promise for superannuation of “no unexpected negative changes” in its first term was very deliberate If the Coalition flagged a change before the election, […]
PORTFOLIO POINT: SMSF and geared property is white-hot news. So, let’s not lose sight of a few of the dangers. I’ve never seen anything like it. And I’ve been writing about superannuation for well more than a decade. While superannuation “issues” occasionally get plenty of column centimetres in the mainstream media (while specialist media cover […]
PORTFOLIO POINT: Sticky fingers reaching for the super pie again? If it’s true, they’re after YOU. You might not think you are “fabulously wealthy”. But what is that anyway? We won’t know until the government defines it. But be under no misapprehension that if the government is going to tinker with super taxes in this […]
PORTFOLIO POINT: The pressure is on to lift superannuation’s “preservation age” closer to age pension eligibility. We know superannuation is about investing for the long term. There’s an accumulation phase of up to 45 years. That’s about getting enough money into it and then managing it as well as possible so that it’s enough to […]
“Oooh, ooh! Me, sir, me! I know this answer! Please sir!” “Ye-e-es, Debt Man,” the teacher says hesitantly. (He always hestitates when I raise my hand.) “That you shouldn’t get cornered into making promises that, deep in your heart, you really don’t want to keep?” Prime Minister Julia Gillard promised at the last election that […]
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