How Much Should You Save for Retirement?

INTRODUCTION Most people ask themselves this question at some point in their working life (hopefully, relatively early). With the continued shift toward defined contribution plans, future retirees are being asked to take on more responsibility for their retirement outcomes than in the past. So the question is of vital importance. But do we have a Read more…

Investing vs Speculating

As an investor, you probably have a lot of questions, like “Will I be ok?” or “Will my money last long enough?”. These are great questions, but there is a simpler way to think about the answers to successful investing. Imagine all investments you can trade publicly could fit in a circle.  Those investments would Read more…

2016 Federal Budget summary

The Federal Budget Analysis prepared by the MLC Technical team, part of GWM Adviser Services Limited, appears below. 3 May 2016 Treasurer Scott Morrison has handed down his first Federal Budget—the Coalition Government’s third. The winners are low and middle income earners and small business owners. There are significant changes to superannuation that could warrant further discussion with Read more…

Retirement Income Planning: Live Long and Layer

YOUR MONEY  FINANCIAL PLANNING WEEK 2013   thewest.com.au Monday, August 26, 2013 Australians are likely to live longer and could spend more than 30 years financially dependent on super, investments and the age pension.  In 2010-11, the average retirement age was 53.3 years, 57.9 for men and 49.6 for women, according to the Australian Bureau of Statistics. Today’s 65-year-old man has a life expectancy of Read more…

Superannuation rule changes pass parliament

While all the talk in this last sitting week of parliament before the September election has been on the Labor leadership, there have been other things going on in Canberra.  A number of the proposed changes to superannuation have passed into legislation and we have summarised these below. Higher concessional contributions cap The concessional contributions Read more…

Super: Proposed Government Changes

Finally, we have an announcement from the Government after weeks of speculation concerning changes to super. We have read the press release and a few early reports and thought this was a good summary.  15% Tax on Earnings over $100,000  The government have announced a restriction on the tax concessions available in pension phase. From Read more…