This is the category for retirement planning tips/articles
Missed or underpaid super amounts? Business downturn due to COVID-19 may be affecting your business and you may have missed, or not paid in full, regular payments. This includes your employees’ super guarantee (SG) for the quarter ended 30 September 2020. By law, the ATO cannot extend the due date to pay super. To meet […]
How much Super do you need to retire? The amount of super you’ll need when you retire depends on: your big costs in retirement, and the lifestyle you want Most people can now expect to live well into their eighties. This means that if you stop working at 65, you’ll need retirement income for 20 […]
Superannuation payment rules for employers explains the requirement for you to pay Superannuation benefits to your employees and the rules around the payments. Do I need to pay superannuation? Generally, an employer must pay super for an employee if: The employee is 18 years or over, and You pay them $450 or more (before tax) […]
COVID-19 early release of super
Genuine Professional Service and Advice
MARKET WRAPS 9 APRIL 2020 Weekly Wrap The ASX rose for the second consecutive week, climbing 2.8% (Mon-Wed) after last week’s 4.7% rise. However, volatility is not expected to be over just yet. We look to the GFC for a textbook example of temporary rallies followed by further falls. In this week’s wrap, Jessica covers: […]
A self managed super fund(SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. The main difference between SMSFs and other super funds is that SMSF members are also the trustees of the fund. The difference between an SMSF and other types of funds is that the members of an SMSF […]
On 22 March 2020 the federal government announced that the minimum pension drawdown rates would be temporarily halved for the 2019/20 and 2020/21 financial years. This is due to many retirees losing a significant portion of their super account balance as sharemarkets have plunged due to the coronavirus crisis. This rule change assists retirees who […]
