Which kind of before-tax contributions to superannuation should you make?

by Louise Biti  15 March 2018  Australian Financial Review Arranging salary sacrifice with an employer has been an effective way for employees to save for retirement. But not every employer allows it and flaws in legislation have caused problems with the implementation. Since July 1, 2017, everyone eligible to contribute to super (those under the age of 65…

How to help kids financially without a severe impact on your retirement savings

By Bina Brown   12 Jan 2018  Australian Financial Review   Family gatherings at this time of year may trigger talk of early inheritance or financial assistance with upcoming expenses. But, as they say on the airlines, fit your own oxygen mask before assisting others. It doesn’t matter whether the money is needed to pay for living expenses,…

Australians can now use their super to help buy their first home

First home buyers will get a tax saving of between $5000 and $6000 after one of the government’s key housing affordability measures cleared Federal Parliament on Thursday. The First Home Super Saver Scheme is designed to help young Australians over what has been identified as the biggest hurdle to getting into the property market: a deposit. It does…

Earlier access to super a key benefit of transition to retirement income stream

by John Wasiliev   19 Oct 2017  Australian Financial Review One of the strategic changes to superannuation rules from July 1 was the loss by a transition to retirement income stream (TRIS) not in retirement phase of its entitlement to tax-free investment earnings, a concession that is now restricted to retirement phase pensions. Given a widely-held claim that…