From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...
What a load of rubbish! The government has not closed off the wealth transfer. A 65 year old person who had $30m in their super fund before all these ridiculous changes, had to draw 5% of the value of the fund as a pension ie $1.5m. Now they only need to draw 5% of $1.6m or $80k and they can leave the rest in their fund until they die. Tax can be completely avoided with the right tactical asset allocation.
The government has created the very estate planning vehicle it was seeking to prevent. The cost of this nonsense is the complete undermining of the superannuation system. The aged pension will not be available for most people. NO future government can afford it.. All governments should be giving tax incentives to middle income earners to be self funded retirees so it can fund the really needy.