How does living in a caravan park affect my pension?
Q. I was just wondering if you could clarify whether I was a homeowner for aged pension purposes. We live in a caravan park which has a number of elderly people over fifty living in cabins. We bought our cabin 18 months ago for $135,000 and currently pay management fees of $275 per fortnight, plus […]
How much do I need to retire?
How much do you need to retire? How long is a piece of string? Think about it, there are a multitude of factors that determine how much you would need to retire comfortably. These include the state of your health, your life expectancy, your spending habits, how often the kids put their hands out for […]
Parking your money the smart way
Navigating superannuation and the financial intricacies of retirement can be challenging. Let’s delve into some common queries about these matters, which many Australians grapple with. Accumulation vs. Pension mode: what’s the verdict? At 70, earning $110,000 annually and with $550,000 in super in a balanced fund, one might wonder if leaving their money in accumulation […]
How to avoid a ‘death tax’ on your superannuation
Superannuation’s so-called ‘death tax’ is a topic that’s sparked a lot of interest. However, its complexities and the ways to mitigate it are often not clear to many. Let’s delve deeper into what this tax is and how one can potentially work around it. A brief on superannuation components In layman’s terms, your superannuation balance […]
