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Government Extends Early Access to Super for those effected by COVID-19

COVID-19 | Government Extends Early Access to Super

Emma Zajac
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Australians adversely financially affected by COVID-19 will now be given more time to apply for the early release of superannuation. The government’s economic and fiscal update on Thursday has revealed that applications for the COVID-19 early release of super scheme will now be extended to 31 December. Eligible citizens and permanent residents of Australia and…

New Laws for Super, Insurance and Exit Fees

Emma Zajac
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From 1 July 2019, new laws commenced preventing superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances are now moved to the ATO to try and unite the unclaimed super with its owner. These changes do not apply to self-managed superannuation funds or small…

Desk calendar with July 1st

Superannuation Changes Coming July 1st

Emma Zajac
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  An alarming stat shows how many Australians have no idea about a major change coming on July 1. And it could leave you without life insurance. Australians could be left stranded without life insurance on July 1 when a little-known but significant change to superannuation is enforced. Most are unaware their superannuation has a…

Retiree spending drops faster than predicted

Emma Zajac
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The latest analysis into retirement trends has revealed the financial services industry may have underestimated the dramatic falloff in retiree spending as they age. The Milliman “Retirement Expectations and Spending Profiles” analysis, which used real world expenditure data, found the median retired couple’s expenditure falls by more than 36.7 per cent as they move from…

The Rise of Bitcoin and SMSF Investment Strategies

Emma Zajac
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With the meteoric rise of bitcoin over the past year, popular interest in it and other digital currencies has grown exponentially. The SMSF community too has been very interested, with a growing number of trustees branching out to include digital currencies in their investment strategies. SMSFs are the only vehicle through which investors can include…
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