HAVE YOU REALLY MET THE WORK TEST OR RETIREMENT DEFINITIONS?

Current as of March 2016   How does the work test apply? If you are under 65, you are able to contribute to your superfund without having to satisfy a work test. If you are 65 or over, then your super fund will not be able to accept your contributions (either concessional or non concessional) until a work test is … Read More

Pension payments – am I taking enough? Can I withdraw more?

Current as of December 2015   As we approach the end of 2015, it is a good time to check whether you are on track to meet your pension obligations for the 2015/16 financial year. Account Based Pensions (ABP) – Minimum annual payment percentages ABPs have a minimum pension payment which must be paid each year and care must be … Read More

Plan your business sale early to maximise your after tax return

Current as of December 2014 Last month we discussed retirement planning, and the need to get in early to make sure you’ve done all you can to maximise your wealth and can enjoy the lifestyle you want when you retire. For entrepreneurs, part of this is regularly reviewing your business structure to ensure that it provides both asset protection and … Read More

Retirement planning

Current as of December 2014 There’s a thought provoking TED talk by psychologist Daniel Goldstein titled “The battle between your present and future self”.  If you haven’t seen it, you should find a spare 16 minutes and watch it.  A big part of the presentation is about the balance between your current and future living standards.  That is, if you … Read More