Contrary to the notions of higher earnings and disposable income, financial security is an ongoing challenge for older single women without children.
While the end of the financial year can be a busy time professionally and personally, it is also a good time to take stock of superannuation and formulate retirement savings strategies for the year ahead.
The Australian Government's Your Future, Your Super exposure draft legislation has been widely welcomed, but industry experts are calling for more details to be released, and say several flaws need to be addressed.
The Australian Treasury’s Retirement Income Review report potentially supports the government’s plans to slow down the increase in the superannuation guarantee and encourage retirees to use the equity in their homes to fund their retirement. Is this a viable way forward? Three experts weigh in.
A series of difficult consequences awaits those who haven't yet sought adequate advice on early access to their superannuation.
Drastic times have called for drastic measures in terms of access to superannuation. At the heart of it all is the repeated question: what is the purpose of super, and how will that change in the future?
How can accountants remain the first port of call for employers looking to choose a MySuper default fund without crossing the divide into advice land?
An estimated A$2.3 billion in superannuation is tangled and unpaid in the Australian system. Here’s how to keep track of your crucial lifelong investment.
Australians pay a high cost for their compulsory superannuation system.
Improving the financial resilience of First Nations people can change lives, and there's a role for accountants.
Rising wealth and longevity - throw blended families into the mix and conditions are ripe for family acrimony and legal action when someone dies and their estate is distributed.
The argument over raising compulsory employer superannuation contributions often misses the impact on the wider economy and ignores alternatives to boosting retirement incomes.
What's a comfortable retirement income in Australia, and how much super do Australians need to achieve it? It depends on who you ask.
The growth of cashed-up superannuation funds raises questions about what they will do with all their money, and how they will deliver the best outcome for members.
A legal precedent may be set for SMSF auditors after a court found a second auditor responsible for the lion’s share of an SMSF’s losses.
Is it inevitable that women will end up with less superannuation in retirement? Women’s superannuation issues are certainly unique. Here’s why.
Public pension schemes are coming under pressure in many countries, raising questions about how people will fund their retirement lifestyles. Here are some steps to future-proof your nest egg.
Retirees may require more than the Age Pension to live comfortably in their older years, and the Australian Federal Budget 2018's expansion of the Pension Loans Scheme makes a reverse mortgage more appealing. However, is it really worth contemplating?
Don't just have a retirement plan, have a financial life plan.
Auditors of self-managed superannuation funds (SMSFs) have been in the regulatory spotlight since 2013, when registration became a requirement under the government’s Stronger Super reforms.
Plans to introduce a three-year audit cycle for compliant self-managed superannuation funds (SMSFs) will fail to reduce compliance costs for trustees and instead could force some auditors out of the market, accounting professionals warn.
An ASIC review highlights that some people are just not suited for self-managed superannuation funds (SMSFs) and the onus is on financial advisers to recognise when this might be the case.
The debate rages on whether self-managed superannuation fund (SMSF) investors would be better off handing over their savings to professional fund managers.
Employers do not have to pay the 9.5 per cent superannuation guarantee to people who earn less than A$450 a month from one employer. Critics say this disadvantages low-income workers or people who work multiple jobs with different employers. Should the threshold be raised, or dropped altogether?
A paradox is emerging in Australian retirement: retirees aren’t spending, even when they can afford to do so.
Experts says cutting audits of self-managed super funds (SMSFs) to once every three years instead of annually is unlikely to cut either costs or red tape and could have serious consequences for the SMSF audit sector.
Baby boomers in Australia, the UK, the US and other Western nations are in a pickle. They're often cash-poor and living in a country with a high standard of living and prices to match. For some, retiring overseas is an option, but it pays to do your homework.
Practitioners should be fully cognizant of whether or not they hold a binding death benefit nomination on behalf of an SMSF member.
The 2018 Australian Federal Budget promises to strengthen the economy, create jobs and cut taxes. Treasurer Scott Morrison, who turns 50 this year, again tinkered with – or is it fine-tuned? – superannuation and retirement.
Why are some super funds struggling when funds are pouring into them all the time?
Since the removal of the accountants' exemption and the introduction of the limited Australian Financial Services (AFS) licence, accountants who provide self-managed superannuation fund (SMSF) services have taken a range of steps to adapt to the changes.
Changes to superannuation policies will take effect from July 2018, and the jury is out on whether they will help retirees wanting to downsize their homes.
The growth in self-managed superannuation funds (SMSFs) shows no signs of slowing, and as the number of funds approaches 600,000, regulators have had to prioritise and set criteria to monitor the sector.
Should young Australians put money into superannuation or do they risk investing in a scheme that might not be around by the time they retire?
Last year saw the biggest changes to the superannuation sector in a decade, and navigating the new rules has thrown up new concerns for SMSF trustees.
SMSF trustees are looking forward to a long and happy retirement and there’s a lot their advisers can do to help them find that sweet spot.
Accountants referring clients to robo-advice tools need to be wary of licensing constraints.
The 1 July changes to Australia’s superannuation laws will transform super from being a safe harbour for accumulated wealth to a more limited retirement savings fund for the masses – and its critics say many more people will feel a negative impact than the government claims.
The deadline for major superannuation reforms is just around the corner, raising serious concern among many accountants and their clients.
The billions of dollars pouring into superannuation savings are irresistible to investment scammers, but accountants are putting a stop to their dubious schemes.