Superannuation
Retirement income flexibility
To assist retirees in preserving wealth within the tax-effective super system the Government has halved the minimum required payment rate from Account-based Pension accounts.
Read MoreCarry Forward Concessional (tax deductible) Contributions
They say there are two certainties in life, death and taxes. While Muirfield can’t help when the Grim Reaper comes knocking, we might be able to help save you some tax along the journey
Read MoreHow much should you take from your Super each year?
One of the greatest challenges for retirees in Australia relates to the management of their retirement income. Unfortunately, the adage to ‘spend less than you earn’ doesn’t always work for retirees.
Read MoreDo You Have Enough to Retire? – Mind the modelling
Most advice about retirement affordability draws on mathematical models. To develop an equation or model requires key assumptions about the numbers used.
In this article we will consider what is ‘right’ and ‘wrong’ when considering your retirement affordability.
Read MoreNew minimum drawdowns for Account-based Pensions
Following the weekends announcements, the Government has halved the minimum drawdown for Account Based Pensions. The drawdown percentage is still based on age and is represented in the table below.
Read MoreIncrease your Spouse’s Super
If you are a member of a couple, there are a few ways that you can build your superannuation balance either from household income, or your spouse’s superannuation contributions.
Read MoreSuperannuation Contributions – New Rules from 1 July 2019
Each year the Government changes the goal posts for superannuation. This year older Australians saving for retirement have been given a boost. Please read on to see if these changes apply to you.
Read MoreDownsizing Your Home & The New Super Contributions
In retirement, we often speak to clients who want to downsize their home. Whether it’s because the children have long since moved on and extra bedrooms are no longer required, the maintenance of the garden is becoming an issue or simply to free up capital to supplement retirement income there are many reasons to consider…
Read MoreNominating beneficiaries for your Super
We often receive questions about superannuation benefits and how they would be paid out to loved ones in the event of death. Questions often arise because of the common misconception superannuation forms part of your estate. Superannuation is not an estate asset and will not automatically get distributed according to your Will. Super has its…
Read MoreMore Flexibility for Tax Effective Super Contributions
Salary sacrificing into super is a popular strategy for clients looking to tax effectively maximise their retirement savings. As of 1 July 2017, many individuals now have the additional option of making personal deductible contributions. This means everyone now has greater flexibility around how they make tax effective contributions to super. What has changed? Since…
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