Numerous articles covering superannuation.
Carry forward concessional contributions (also called catch-up contributions) offer the ability to make extra tax-deductible contributions into super. In my experience, people are not aware of this fantastic opportunity to reduce tax, hence this blog article. What are concessional contributions? Concessional contributions are superannuation contributions which have been concessionally taxed. Concessional contributions include your employer…
The maximum amount we can contribute into superannuation is decided by the superannuation contribution ‘caps’. Super contribution caps change every few years, and it is important to know what the changes are.
Salary sacrifice is a tax effective way to increase your superannuation balance. In essence it involves voluntarily sacrificing some of your salary into your superannuation account. This article highlights important things to think about, including advantages and disadvantages, before you salary sacrifice. Please note, this blog post covers salary sacrifice into superannuation; it…
If you have converted your superannuation accumulation account to a superannuation pension account then you must start making withdrawals from the pension account. This article details what the minimum pension payment rates are and how they differ depending on your age.
What exactly is an annuity, why have they not been popular in Australia, and why are annuities now becoming more popular?
Before you hand over your money to a financial planner, make sure you are going to receive independent financial advice. Because if it’s not independent financial advice, then the financial planning advice can’t be considered unbiased or impartial.So what is independent financial advice, and how do you ensure that you receive conflict-free advice?
Sometimes you have a question about a financial matter and just want an answer; not a relationship. It is for this reason that Cornish Wealth Management offers one-off financial advice. One-off advice is also known as ‘situational advice’, ‘episodic advice’ or ‘event driven advice’. And we offer two types of one-off advice – ‘general advice’…
This is always a common question I get asked, and the answer is different for each client. How long you will live, what investment returns you will achieve and what lifestyle do you want in retirement? These are major factors in determining the answer to how much you need in retirement.
Both concessional and non-concessional contributions are payments made to a superannuation fund, however they are taxed differently. There are also different contribution caps for each type.
Australia has a great superannuation system. In fact it is arguably the best in the world. Unfortunately many Australians do not know how good it is, so this article is going to highlight some of the benefits.