Downsizing proposal is a super opportunity
![The downsizing Bill is designed to allow anyone over 65 who has owned their home for 10 years or more to be able to ...](http://web.archive.org./web/20171027040112/http://www.afr.com/content/dam/images/g/z/1/a/l/2/image.related.afrIndexLead.320x210.gz7mbn.png/1508916679531.png)
The government's plan to allow retirees over the age of 65 to downsize their homes and inject extra money into super could become reality by July next year.
The government's plan to allow retirees over the age of 65 to downsize their homes and inject extra money into super could become reality by July next year.
It's no longer easy and definite that when you die, you can leave your Transition to Retirement Pension to a younger partner.
The additional 15 per cent super contributions tax only applies to 'high-income earners' who earn more than $250,000 using an adjusted income calculation.
Financial services companies Equity Trustees and Aon have become the latest superannuation providers to join forces.
Just as the super system has changed over the last 25 years, so do the governance arrangements need to be updated. That means independent directors.
Is the government about to face another dead end in its drawn-out push for one-third independent directors on super fund boards?
There is no way of timing a downturn – one either chooses to limit risk in a portfolio or learns to live with it.
Industry Super Australia has refused to reveal to a parliamentary committee how much it has spent on anti-bank advertising.
Know the rules and how these negotiations work to stand the best chance of walking away with the keys in a changing market.
It can still be worth having a transition pension, say the experts. But tax won't be the key driver.
Noise travels much further in modern concrete and steel buildings so do your homework on insulation when thinking floors.
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