For some, retirement is drawing near and it is time to start planning where you want to set up camp. There are so many amazing places down under which makes it very hard to select just a handful of top spots to retire. So, we asked our team members what they thought and they came up with 4 great locations that you might be already considering.
Let’s take a look!
#4 The Hunter Valley.
Hmm…wonder why this made the list? Great tasting wine, picturesque vineyards and the quaint country setting. Hunter Valley is the place to be for retirees.
- Close to Sydney and Newcastle
- Golf and other outdoor activities
#3 Sunshine Coast.
Sunshine Coast is one of the highlights of South East Queensland. It has a long stretch of amazing beaches but with less of a crowd then its Golden counterpart,
With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can make to superannuation now?
Non-concessional contributions are contributions that are made to super from after-tax income or savings.
Instead of going forward with its proposed $500,000 lifetime cap on after-tax contributions, (with a retrospective counting of the last ten years) the Government has decided to go back to the current rules for after-tax contributions but with a lower annual limit of $100,000.
This will now allow individuals to:
- make non-concessional contributions of up to $100,000 per year
- have the ability to bring forward 3 years’ worth of contributions to a single year (allowing you to contribute up to $300,000 in a single year)
The ability to make non-concessional contributions will also be limited to people who have an individual superannuation balance of under $1.6 million. In addition,
Australia has one of the highest levels of smartphone penetration in the world and there is an increasing array of very useful tools and apps freely available to help us manage all aspects of our financial lives.
In this article, I’m going to share the top 5 apps that can make managing your SMSF a breeze.
Macquarie Mobile Banking
A great bank account is central to every SMSF and all banks have their own dedicated smartphone apps. I am going to use the Macquarie Mobile Banking App as an example as the Macquarie’s award winning Cash Management Account (CMA) is the most popular for SMSFs.
Their app allows you to easily manage your Macquarie CMA and view your term deposits from the palm of your hand. It gives you a live feed on your cash balance and interest income and allows you to make immediate payments via BPAY or EFT.
If you are worried about how secure the app is,
The federal government has made some big changes to their superannuation package, including dumping the $500,000 Super cap.