When topping up your superannuation,think about how much are you prepared to sacrifice now,for that extra level of financial security later in life?
Could the tax cuts coming in this year make it unprofitable for investors to hold on to their investment properties?
Along with ticking off a few bucket list items,accessing your super within the right time frame is important.
There are two ways to contribute extra money to your superannuation,and each have their own pros and cons.
As a high-income earner with significant assets,a comfortable retirement is attainable. However,there are a few things to keep in mind.
If you’re languishing under high mortgage repayments,there are a number of steps you can take to get back on track.
Salary sacrificing to buy a home will reduce your taxable income in the eyes of the ATO,but not when it comes to the Medicare levy.
It can certainly be daunting when receiving an inheritance of a significant size,so it’s important to be clear on what your goals are.
While it might seem counterintuitive for the government to force you to draw down more of your super,there is method to the madness.
If the bank won’t lend you money for a home,there are ways you can still get into the property market.
It’s likely a holiday home with a decent value would exempt you from the pension,though that may change over time.