It’s been a little over a year since the dual changes of the pension transfer balance cap and the reduction of tax concessions for transition to retirement pensions were implemented by the government. Recent research has indicated that these changes has achieved their policy outcome by making almost 25% of previously tax-free SMSF assets lose…

Understanding different types of retirement pensions If you’ve heard the term ‘pension’ being thrown around, you may have picked up that there are many types of pensions available in Australia. We explain the difference between three commonly used pensions, including the government’s Age Pension, a transition to retirement pension, and an account-based (or allocated) pension,…

In 2017, the Government flagged plenty of changes to the tax and superannuation system, but how many of them have actually been made into law? Parliament ended its final sitting week in December 2017 with many outstanding matters for the Government to deal with in 2018. Here is a brief summary of these proposals and…

How to boost your pension under the new threshold rules To help you enjoy a more comfortable retirement, here are some tips to make the most of the new Age Pension rules which took effect on 1 January 2017. When you’re relying on the Age Pension to fund your retirement, every dollar you receive from…

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