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…

Government Super Report reveals need for increased productivity

By Steve Blizard   10 June 2018 Over the past month there have been an unusually large number of articles about superannuation. So what is going on? On the 29 May, the Productivity Commission released a report that documents various flaws in the current $2.6 trillion compulsory superannuation system. Since 1991, the design of default based…