Retirement made simple : everything you need to know / Noel Whittaker.
Material type:
TextPublisher: [Hawthorne, QLD] : Noel Whittaker Holdings Pty Ltd, 2022Copyright date: ©2022Edition: Second editionDescription: iv, 426 pages : illustrations, charts ; 21 cmContent type: text | still image Media type: unmediated Carrier type: volumeISBN: 9780645517002 (pbk.); 0645517003 (pbk.)Subject(s): Retirement -- Australia -- Planning | Pensions -- Australia | Superannuation -- Australia | Finance, Personal | Retirement income -- AustraliaDDC classification: 332.024010994 | 306.38 Summary: First is the money issue - will there be enough money for a successful retirement, and what assets should you invest in. The rules regarding the age pension are continually changing - what do you need to do to maximise it. Next is superannuation, an ever-changing landscape where the performance of your fund depends on the assets you choose. A major issue is estate planning - what is the best way to handle the disposal of your assets in a tax effective way, and avoid the 17% death tax on the taxable component of your superannuation. Rising life expectancies mean the possibility of new relationships between retirement and death, but it also means one partner may suffer from dementia with all that entails. Of course, there's also the possibility of home care, and friction between siblings. Another major issue is whether you stay in the family home or downsize to another property, or even go to a retirement community. This updated edition of Retirement Made Simple includes the major superannuation and pension changes due to take affect from July 2022; such as people up to age 75 can contribute to superannuation, people who downsize can make special downsize contributions from age 55 instead of 65, eligibility for the Commonwealth seniors health card has changed making more retirees eligible.
| Item type | Current library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| wnor- Book | Northam Northam Adult Nonfiction | 332 .02401 4 WHI (Browse shelf(Opens below)) | Available | 31111084253838 |
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"Australia's most trusted finance writer"--Cover.
"Super & pension changes updated for 2022/2023"--Cover.
Includes bibliographical references and index.
First is the money issue - will there be enough money for a successful retirement, and what assets should you invest in. The rules regarding the age pension are continually changing - what do you need to do to maximise it. Next is superannuation, an ever-changing landscape where the performance of your fund depends on the assets you choose. A major issue is estate planning - what is the best way to handle the disposal of your assets in a tax effective way, and avoid the 17% death tax on the taxable component of your superannuation. Rising life expectancies mean the possibility of new relationships between retirement and death, but it also means one partner may suffer from dementia with all that entails. Of course, there's also the possibility of home care, and friction between siblings. Another major issue is whether you stay in the family home or downsize to another property, or even go to a retirement community. This updated edition of Retirement Made Simple includes the major superannuation and pension changes due to take affect from July 2022; such as people up to age 75 can contribute to superannuation, people who downsize can make special downsize contributions from age 55 instead of 65, eligibility for the Commonwealth seniors health card has changed making more retirees eligible.
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