What Drives Member Outcomes

Fees and returns are important drivers of a member’s super balance. They’re also easy to measure and for members to understand. That’s why super funds have focused on delivering competitive returns and low fees for their members. But CoreData research shows that fees and returns are not important drivers of retirement outcomes. In the real world, retirement outcomes are about more than money. They’re about more than the super balance; and they’re about more than fees and returns. Please click on the link below to see the article in full https://www.newmodeladviser.com.au/2505/start-making-sense-episode-4-why-super-fund-fees-and-returns-dont-drive-member-outcomes/ CoreData is a research house. If you would like to discuss further, please contact our office. Author: Jason Andriessen

By |2020-07-01T12:40:17+10:00July 1st, 2020|Tips and Other News|0 Comments

Heading to Retirement

Here are some tips for retiree Australians (and their families and friends) as we kick-off 2020: 1. If you are turning 66 this year, make a diary note to look closely at an age pension application 12 weeks before the actual birthday. This gives time to address any hiccups well in advance of your first payment being due. You should have some idea of whether you are eligible for the age pension, and the payment should form part of spending plans. 2. If you are turning 66 this year, and think you are not eligible for the Centrelink age pension, make sure you know exactly why, so you can get ready to apply if things change. You may even be wrong. 3. If you are turning 66 this year, and you are not eligible for the Centrelink age pension, then apply for the Commonwealth Seniors Health Card. This card is income tested and could save you more than $2,500 a year on healthcare costs. [...]

By |2020-01-28T11:58:33+11:00January 31st, 2020|Community Activity|0 Comments

Superannuation Reform – Downsizing

Superannuation Reform; Downsizing - What does it mean for you? Downsizer superannuation contribution has arrived from 1 July 2018 which means that if you are 65 years or older you can choose to make a downsizer contribution into your superannuation of up to $300,000 each from the proceeds of selling the primary residence (your home) without having to satisfy the work test. Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps. The downsizer contribution can still be made even if you have a total super balance greater than $1.6 million. You can only make downsizing contributions for the sale of one home. You can't access it again for the sale of a second home. Downsizer contributions are not tax deductible This is an opportunity for clients who do not qualify for the Age Pension because it does not count towards the individual total super balance cap $1.6 million but it will still count towards the [...]

By |2019-03-12T11:25:38+11:00August 6th, 2018|Market News, Tips and Other News|0 Comments
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