Picture this; you've just transitioned out of Defence and you've started a new job that is outside of the government services, or you've medically transitioned/discharged. You're hearing murmurs that the super amount that you have earnt and accrued in Military Super (MSBS) will have to remain there. Is this right? What can you do with this, or better yet, what should you do with it?
As you revel in the confidence of being in a stellar superannuation fund, the question of when to retire becomes increasingly significant. The age at which you can retire depends on various factors, and understanding these elements is pivotal for making informed decisions about your future.
During the early stages of the pandemic the Australian Government created a program with the early release of Australian’s superannuation to help cope with the demands of the pandemic.
A study has found that the number of retirees who still possess superannuation funds at the end of their life has been grossly overestimated.
The ATO recently created a comparison tool to help members understand how their superannuation fund is performing. You can access this tool by clicking here. As with any comparison tool, it does not take into account your personal circumstances, future goals or risk tolerance.
We have created an instructional video for clients to see how to claim their concessional superannuation contributions for their 2021 MyGov tax return.
It is the start of the new financial year – we all know this as the constant bombardment of TV and print ads tell us all about the sales and the discounts available. You have just spoken to your accountant and lo behold you are due a refund – for argument’s sake let us say about $1,000. You now have a decision to make – is that new 4K Hi definition TV appealing or are there other more boring ideas. Let us investigate.
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