Planning to top up your super before 30th June?
Adelaide Financial Advice
by Shellie Fisher
1y ago
When looking to make personal contributions to super, there are a number of considerations, including: 1. Type of contributions Super contributions fall into several categories. The main types include: Concessional contributions Contributions made by an employer for the benefit of their employees are treated as concessional contributions. They include compulsory contributions often referred to as ..read more
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Do I really need $1million in super to be able to retire?
Adelaide Financial Advice
by Shellie Fisher
1y ago
Over the years there have been a number of articles published stating people need to have a million dollars or more in super to be able to retire comfortably. This could be out of the reach for many, if not most Australians. The real answer to this question is….it depends. It will depend on several ..read more
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Retirement – Your House v Alternative
Adelaide Financial Advice
by Shellie Fisher
2y ago
As people approach or enter retirement, their thoughts often turn to retirement housing. For many, staying in their current home, at least for the foreseeable future, will be their preferred choice. Retirement represents a major turning point in one’s life and, for some, a change of housing could be part of that transition. Perhaps it ..read more
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How many super accounts should I have?
Adelaide Financial Advice
by Shellie Fisher
2y ago
As at May 2021, the Association of Superannuation Funds of Australia (AFSA) stated there were 24.4 million individual superannuation accounts held by Australians. Every time we change jobs, and our new employer asks for our superannuation fund details so they can make compulsory contributions. If we don’t have those details at hand, our new employer ..read more
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Aged Care – the process
Adelaide Financial Advice
by Shellie Fisher
2y ago
What are the first steps that need to be taken to ensure that our loved ones, or in this example, my widowed mum, can effectively enter a residential aged care facility without too many dramas. 1. Complete an ACAT assessment You can’t drive mum to the closest nursing home and ask if they have a ..read more
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Retirement – are you emotionally prepared?
Adelaide Financial Advice
by Shellie Fisher
2y ago
Being financially prepared is only one part of retirement. Being emotionally prepared for retirement and understanding what you may experience from an emotional point of view is just as important as your financial position. If you Google, “preparing emotionally for retirement” you will find numerous websites all providing advice. These websites are not only located ..read more
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The “New” Government Pensions Loans Scheme – Do I Need Extra Income?
Adelaide Financial Advice
by Shellie Fisher
3y ago
It’s time to review the Pension Loans Scheme (PLS), how it operates, how it can assist either long term or short term and tell you about some new features. Why did I think it is worthwhile revisiting the Pensions Loans Scheme (PLS)? A couple of reasons. 1. The Government announced a couple of changes to ..read more
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Age pension entitlement… Am I receiving the correct age pension?
Adelaide Financial Advice
by Shellie Fisher
3y ago
It is a question that is often asked. Unfortunately, it is not always fully explained by the correspondence from Centrelink or Veterans Affairs. On 20 March 2021 the Age and Service Pensions were increased, the first increase in 12 months. Pensions are normally adjusted or increased twice a year in March and September, but because ..read more
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Compulsory super – a bit of a problem child?
Adelaide Financial Advice
by Shellie Fisher
3y ago
The current debate is whether compulsory employer superannuation contributions (generally referred to as “super guarantee” or “SG”) should be increased from 1 July 2021 or be deferred or possibly even suspended. Back in the mid-1980s compulsory super was first introduced as trade-off for a national wage increase. It was referred to as award super, and ..read more
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How much is my super really worth?
Adelaide Financial Advice
by Shellie Fisher
3y ago
What is your super worth? Are you tempted to check your account balance on a regular basis? This information is now available 24/7. We can log into our super fund account at any time and find out our account balance at the end of the previous business day. Having said that, not all super funds ..read more
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