Pensioners lose as high deeming rates don’t reflect their income

Category Archives: Superannuation

Pensioners lose as high deeming rates don’t reflect their income

A recent Herald Sun article on how deeming rates that have not been updated since March 2015 are impacting pensioners income also included commentary from Bob Budreika What is a ‘deeming rate’ ? Deeming rates are the amounts that pensioners are assessed to earn on their financial assets such as cash or shares. Read more about […] Read More >

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Bringing Understanding to your Investments

Using Superannuation to buy investment property

Bringing understanding to your investments It surprises me how much faith people have with their superannuation investments, especially those with Industry Funds.  Much of this is predicated on fairly decent average returns over the last 10, 15 and 20 years and reflects the growth in prosperity of much of the developed world.  Generally, comparable retail […] Read More >

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Pre-EOFY 2017 Superannuation Checklist

Transition to Retirement

With 30 June fast approaching, time is running out to make any last super contributions before a raft of important rule changes from 1 July 2017. Concessional contributions From 1 July 2017, the concessional (deductible) contributions cap is reducing to $25,000 for everyone. Previously, it was $35,000 for people 49 years and older at the end […] Read More >

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Improper use of your super fund can result in a big fine or even a prison sentence

Using Superannuation to buy investment property

Bob Budrieka has again been quoted as a subject matter expert in a recent Daily Telegraph article highlighting how improper use of your super fund can result in a big fine or even a prison sentence. Large penalties for misuse of SMSF Anthony Kean reports that “SELF-managed super funds are being illegally used to pay household bills, lend […] Read More >

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Will you be impacted by the reforms to Superannuation?

Superannuation-reform-July-2017

From 1 July 2017 there will be some key changes to superannuation which may affect you.  In particular, those who are planning to make contributions or draw an income stream should review their strategies and seek professional advice. We have outlined some of the important changes below: Reduced age-based concessional contribution cap The age-based concessional […] Read More >

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How do you see your retirement?

Super | Every bit counts

Is $1 Million enough Super ? In a recent review meeting, our client raised the topic of how much money might be needed for a comfortable retirement.  He bandied the figure of $1m as perhaps being the ideal amount of capital required.  This seems to be a common belief and it’s easy to understand why […] Read More >

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‘Super Splitting’ can help boost couples’ super

super splitting

Super splitting is a section of superannuation legislation that’s not well known or used by individuals and financial advisers.  Principally, the reason is that it can only be used in limited instances.  Nevertheless, in the right situation, it can be a fantastic financial advantage to couples. So what is ‘super splitting?’ This allows a spouse […] Read More >

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Small business owners and Superannuation

small-business-not-saving-superannuation

Daniel Budreika has provided input to a News Corp article reported today on how the ‘2.1 Million small business owners’ may not be able to retire they way they want. This is based on research from MYOB indicating that 50% of small business owners under 50 have done no superannuation planning. MYOB CEO says: “Our research shows that […] Read More >

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Safe Withdrawal Rates for Australian Retirees

Using Superannuation to buy investment property

A common question we often get asked is “How much do I need to retire?” Obviously this depends on many factors such as; the age you and your spouse stop working, how long you live for, how much you will need to live on each year and how the money is invested. A US Study […] Read More >

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Plan early for your second 50 years

plan for your 2nd 50 years

Daniel Budrieka was quoted in this article in the Daily Telegraph by Anthony Keane on how the increasingly active aging population has an impact on our retirement and superannuation planning. AUSTRALIANS are being urged to reinvent retirement, and it starts with seeing age 50 as only the halfway point of our lives. As life expectancy increases, so we are […] Read More >

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