June 16, 2016

A tale of two retirements – which would you choose?

Sam and Sally Smith have worked hard all their lives, paid their taxes and, now they have retired, they feel they are entitled to a full age pension. Jan and Jim Jones have also worked hard and paid their taxes. However, concerned that Australia’s aging population and ballooning pension bill will make it increasingly difficult to qualify for an age pension, they have sought to be as financially independent in retirement as possible. With diligent savings and smart use of superannuation they have built a significant nest egg. While both couples have equally valid views, in one respect Jan and […]
June 9, 2016

Making investing a family affair

Most people would agree that couples in a marital relationship who carefully co-ordinate their investment portfolios along with their other personal finances can potentially put themselves in an excellent position to reach their shared long-term goals. This joint approach to investing can include ensuring that the asset allocation of all of their investment portfolios – inside and outside super – are appropriate and non-conflicting. It also involves making sure that each partner is making the most of the caps on super contributions if suitable for their circumstances and within their means. Another issue to consider is whether to make spouse super […]
May 31, 2016

Discipline matters, regardless of super policy

Voluntary super contributions are poised to become like New Year’s resolutions and lapsed gym memberships – well-meaning, but ultimately unrealised. Uncertainty combined with a distant time frame begets inertia.  As we close out the 2015-16 tax year and welcome in the new financial year with a double dissolution federal election, uncertainty is in generous supply when it comes to superannuation. The juxtaposition of the federal election timing and the end of the financial year means that some decisions – particularly on the tax planning front – cannot wait until the uncertainty clears. When it comes to the caps on super […]