I know the call is coming. I should pre-empt it and call first. Or just raise it during a Sunday night Skype chat with them and the grandkids. It’s the call I should expect, from the Old Folks, when governments go and trample on their financial turf. “My Boy! We only recently got the age […]
SUMMARY: A small number of SMSFs holding cash were relative winners from yesterday’s rate cut. Have you heard of offset accounts? More than one million SMSF members will have winced a little when news of yesterday’s rate cut came through. SMSFs are huge holders of pure cash. Something north of $150 billion of the stuff […]
SUMMARY: You don’t have to work longer. Just be smarter with your super. Have a transition-to-retirement pension in your sights. Yet another government manifesto says the nation’s workers are going to have to get used to the idea of working longer. The Intergenerational Report (IGR) last week punted on how much longer we’re going to […]
SUMMARY: Eat the rich. Super tax concessions don’t cost the $33 billion that is purported. And the aspiring wealthy would find another way. There’s a simple solution to the problem of superannuation tax breaks costing the public too much. Just tax the wealthy’s super harder. Tax ’em more on the way in. Tax ’em more […]
SUMMARY: Pressure is building for major change on retirement incomes. Which bitter pill will we be asked to swallow? We must be in Budget kite-flying season again. That time when ideas are run up flagpoles to gauge public reaction. The public purse, we are told, is empty. It needs restocking. And one area judged […]
SUMMARY: What’s in store for super in 2015? Hopefully little, but there’s a lot being considered by the Abbott Government. When it comes to predicting investment markets, I’m not a great crystal ball gazer. The riskier the asset class, the more I believe the “gazing” becomes “punting”. It is similarly risky trying to predict how […]
SUMMARY: No time to relax. SMSF trustees need to consider the risks ahead in 2016 and act now. It’s been nicely quiet out there in DIY super regulation land. Occasional jawboning, the odd threat, but little to no action. The lack of big changes in recent years has been welcome, given the turmoil of the period […]
SUMMARY: Property investors copping one in the neck – intense focus from regulators and FSI to cool the property market. Property investors must be wondering why a red bullseye suddenly appeared smack over their heart. Attacks are coming from everywhere. Two more financial watchdog heavyweights said this week that they wanted to tighten the screws on […]
SUMMARY: Wondering what to do with your super at retirement? Look harder at the pension option. Sometimes you need an outsider to come in to critique. Rip what you’re doing to shreds. And tell you how to reconstruct it properly. American Professor Robert C Merton has done just that to Australia’s super system. On a […]
SUMMARY: Age pension and health care card changes start on 1 January. It’s not too late to shore yours up. Here’s what to do. There’s a deadline silently sneaking up on super pensioners – one which could cost thousands annually to those who don’t take action. From next year, account-based pensions (ABPs) will be deemed […]
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