How to make the most of your super when paying for residential aged care

  by Louise Biti      9 Aug 2018   Australian Financial Review Residential aged care would be an expensive proposition if the government did not subsidise the cost of care. In 2016-17, the average subsidy paid by the government was $49,724 per resident. Residents generally pay for accommodation plus basic living expenses ($50.16 per day). They…

Pay off the mortgage or get super tax breaks? Which option makes you a richer retiree?

You are in your mid-50s and on the career home stretch. You’re at, or are approaching peak earning capacity, the kids have finished school, are working and independent, and now’s the time to really focus on setting yourself up for retirement. Prime suspect: the mortgage. That is a natural and very visible target. It’s staring…

ABC TV host Geraldine Doogue considers downsizing super strategy

By Sally Pattern  16 Feb 2018  Australian Financial Review Renowned ABC journalist Geraldine Doogue is among the thousands of savers looking to capitalise on the latest changes to the superannuation rules and pump more money into their retirement pots. Doogue, the highly regarded host of Saturday Extra on the ABC’s Radio National, is considering plans to downsize…

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…