Yesterday
Transition super strategy can avoid $3m cap and help your heirs
The ability to make contributions while you’re receiving this income stream offers more benefits than you think.
- John Wasiliev
This Month
Upsizing your home to access the age pension is a flawed strategy
A couple want to spend $600,000 of super on the purchase in the hope of qualifying for some government income.
- John Wasiliev
- Opinion
- SMSFs
Can a couple transfer shares from an SMSF into their own names?
The short answer is ‘yes’ but there will be some complexity, paperwork and fees involved.
- John Wasiliev
November
- Opinion
- Smart Investor
You can use super to pay the mortgage if you meet these conditions
Savers who reach their preservation age can access super via a special type of pension, known as a transition to retirement pension, even if they haven’t retired.
- John Wasiliev
When can I get $2m into tax-free super income stream?
A reader wanting to move into retirement phase in his SMSF wonders whether inflation is high enough for the cap to move up another $100,000 from $1.9 million.
- John Wasiliev
When changing pension means extra tax for your kids after you die
It may seem simper to streamline multiple income streams in retirement, but there could be more compelling reasons to leave things the way they are.
- John Wasiliev
Can I make downsizer contribution if I’ve got almost $1.6m in super?
A reader wants to top up his fund with $300,000 from the sale of his home plus other after-tax money, but probably won’t be able to take all of it into a pension phase.
- John Wasiliev
October
Can I give my money to kids and still get the age pension?
Questions from parents asking about gifting money to children have been quite common this year, say advisers.
- John Wasiliev
- Opinion
- Opinion
What retirees can do now that term deposits are generating tax bills
Retirees who find themselves paying more tax on bank deposits because of rising interest rates can move the money into superannuation.
- John Wasiliev
- Opinion
- SMSFs
Contributing to super can be wiser than drawing a tax-free pension
Should everybody start drawing a pension from their superannuation as soon as they hit 65 to get the tax benefits? Not necessarily.
- John Wasiliev
A family trust strategy to deal with the $3m super tax
The first hurdle is that to both access your fund and withdraw lump sums, you must satisfy a condition that allows this – either retiring or turning 65.
- John Wasiliev
September
Can I withdraw $500,000 from my super fund as a lump sum?
The answer is yes, but how you do it could make all the difference to potential inheritance top-ups later.
- John Wasiliev
Keep a cool head when planning for mooted tax rise on super over $3m
Investors should be cautious about changing their long-term strategies.
- John Wasiliev
Can I use super to pay off about $55,000 of debt?
A reader asks about early access to an endowment policy that was switched into a personal retirement savings plan.
- John Wasiliev
How to run a property business from your super fund
A reader asks whether his SMSF can start a self-storage enterprise where he owns the land and the fund buys the rest.
- John Wasiliev
August
How does fund manager profit taking affect my SMSF?
Market volatility is distracting but it can largely be ignored by SMSF trustees, especially those intending to hold their shares over the long term.
- John Wasiliev
How do I make catch-up salary sacrifice contributions to super?
Boosting your superannuation balance by using salary sacrifice arrangements is a great idea, but there are limits to doing so.
- John Wasiliev
Can my SMSF borrow from my family trust to buy a beachside unit?
Self-managed superannuation funds can borrow from a “related party” such as a family trust or company to purchase property, but there are strict rules.
- John Wasiliev
Seniors health card: why getting it may be simpler than you think
Super in accumulation accounts is not counted in the income test for this popular concession card.
- John Wasiliev
Will inheriting my wife’s super stop me getting seniors health card?
What you need to know about complex pre-2007 legacy pensions when they become a death benefit.
- John Wasiliev
