Retirement Planning Category - Watkins Financial Services

Common sense finally prevails! Many people made it known to Coalition party members around the country that the superannuation proposals in the Budget were complete and utter nonsense and needed to be radically changed. It took a long time for the Treasurer (MContinue Reading...

The SMSF Association and CBA recently produced a report indicating that more than half of SMSF members do not have an up-to-date Will or a succession plan. This report surveyed 801 SMSF trustees, as well as 535 individuals without an SMSF, and found that whileContinue Reading...

$59,236 per year for a couple, $43,184 for a single retiree Once we retire, we have a fundamental problem – how do we go about providing our income needs? The Association of Superannuation Funds of Australia (ASFA) calculates that, for those aged around 65 yContinue Reading...

Introduction Last night the Federal Government handed down the Budget for the 2016-17 year that includes some of the biggest changes to the superannuation system since 1 July 2007. Some of the major announcements include: • changes to contributions caps, incContinue Reading...

300,000 people will have their Age Pension cut, 100,000 people will receive no pension! Couple homeowner who now have assets of between $823,000 – $1.16 million will lose Centrelink Part Age Pension from 01.01.2017. It means a loss of Age Pension of arouContinue Reading...