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Hikes in power prices, health care, food and rates pushes up retirement fund needs, according to ASFA

retirement

Significant hikes in the cost of power, health care, food and rates over the past 10 years have driven increases in the amounts needed to achieve both modest and comfortable retirements, according to the latest data from the Association of Superannuation Funds of Australia (ASFA).

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Superannuation changes myths!

superannuation

Last week we discussed the top 5 questions to ask about the upcoming super changes. Now we have the top myths from the ATO surrounding the changes to superannuation coming into effect from July 1. Read more now….

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Top 5 questions to ask about the superannuation changes

superannuation

Superannuation changes announced by the Australian Government will start on 1 July 2017 – with retirees amongst some of those who may be affected. To debunk some of the misconceptions surrounding the reforms, the Australian Taxation Office (ATO) have outlined five of the most frequently asked questions, to help retirees prepare for and better understand

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Minimising complexity essential for super success, says ASFA

superannuation

Following the budget, The Association of Superannuation Funds of Australia (ASFA) has said while not as substantial as the landmark reforms in last year’s Budget, this year’s package of superannuation-related measures announced by the government will nonetheless have a wide-ranging impact.

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Super funds targeted in Shorten’s housing affordability package

super funds

Labor will promise to ban direct borrowing by self-managed superannuation funds, as part of a housing affordability policy released on Friday to pre-empt the government’s package in next month’s budget writes Michelle Grattan, University of Canberra.

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Unpaid super – workers deserve better

superannuation

The Association of Superannuation Funds of Australia (ASFA) is calling on the Commonwealth Government to better fund the tax office to audit businesses for unpaid superannuation entitlements and for super to be included in the definition of unpaid employment entitlements under the Fair Entitlements Guarantee.

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Retirees renting need more than $1 million to be comfortable, according to ASFA

retirees

The Association of Superannuation Funds of Australia (ASFA) today released its Retirement Standard updates for the December 2016 quarter showing a slight increase in the cost of living for retirees.

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Retirement anxiety is a global issue

retirement anxiety

When it comes to retirement, people all around the world are experiencing retirement according to a research report from Malvern, Penn.-based investment management giant Vanguard Inc. This is what retirees in four countries think about retirement in the United States, Canada, the United Kingdom and Australia.

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Ten reasons to make a date with you superannuation and love it!

super

The Association of Superannuation Funds of Australia (ASFA) is urging Australians to make a date with their super today because super is an excellent long term prospect. ASFA CEO Dr Martin Fahy said Australians should learn to love their super if they don’t already. “We want people to embrace superannuation on Valentine’s Day and every

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10 tips for winding up an SMSF

SMSF

There are many reasons why an SMSF may need winding up, such as due to the death or incapacity of a member or lack of desire to continue with the administration, responsibility or expense. Jo Heighway, Partner, SMSF Assurance & Advisory, at Deloitte Touche Tohmatsu shares 10 tips for winding up an SMSF and allow for a

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