The pitfalls of DIY will kits
Feb 13 2017- POSTED BY admin
Recent research has found that approximately 45% of Australians* pass away without an ‘inestate’ or, as most know it as, a will. The word intestate is derived from the Latin […]
Read MoreRecent research has found that approximately 45% of Australians* pass away without an ‘inestate’ or, as most know it as, a will. The word intestate is derived from the Latin […]
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Read MoreAlong with superannuation pensions, investment income and Age Pension entitlements, there is another option available when planning for retirement. Another strategy available, depending on your circumstances, is an annuity. We explore a number of considerations when it comes to utilising annuity in your overall plan for income needed in retirement.
Of course, there are pros and cons with annuity investment, as there are with any. These include the risk vs return, looking at tax considerations, liquidity and longevity risk and individual considerations. By having a discussion with your financial adviser you can understand the implications of any decision(s) that you do end up settling on as well as make sure that it aligns with your retirement goals and objectives.
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Read MoreSalary sacrifice may be something that you have already heard of, but do you really know what it means? More importantly, do you know if it could be the right choice for your financial planning?
In our animation, we consider the tax-effective and wealth accumulation benefits of entering into a salary sacrifice arrangement with your employer.
It is important to note that everyone’s financial situation is different, so the benefits of salary sacrifice (as well as the arrangements offered by your employer) will differ from person to person. While salary sacrificing into super is a tax effective way to build your retirement nest egg, you should consider your net cash flow and any other arrangements you currently have in place.
In addition, there are other super strategies available also such as co-contribution, spouse contribution or superannuation contribution splitting. Note, from 1 July 2017, you may be able to make personal tax deductible superannuation contributions in addition to or instead of salary sacrificing.
It may be a good idea to talk to your adviser if you wish to explore salary sacrifice to understand the ‘ins and outs’ of the strategy. We are always here to help you.
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