Two super changes for the new financial year

The start of a new financial year invariably means changes to the super system and this year is no exception with two important changes coming into effect from 1 July. 1. Downsizers can contribute to super If you are 65 years or older and dispose of your primary residence, you may be eligible for the…

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People with self-managed super funds are happier than those without, says RaboDirect Research

The key to happiness? Taking control of your own retirement savings. Well, maybe not the be-all-and-end-all key, but it certainly helps. Research from RaboDirect found those with self-managed super funds (SMSF) were happier and in better health than their non-SMSF counterparts. Fifty-three per cent of survey respondents with SMSFs said yes to “I am completely…

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CASE STUDY

Generation X Super Strategy Sam and Cathy are clients of ours and want to tell their story. Sam is 38 and earns $90k p/a; Cathy is 32 and earns $60k p/a. Their super was held in retail funds, Sam’s balance was $110k and Cathy’s was $80. Both Sam and Cathy were keen to secure their…

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Dos and Don’ts

Dos and don’ts of establishing and running a SMSF By Michael Hutton, Sydney Morning Herald, a personal wealth management partner with HLB Mann Judd Sydney. There is no doubt that SMSFs hold a number of advantages over other superannuation options, but they are not for everyone. Having a SMSF may offer more choice, control and…

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