Superannuation Category - Watkins Financial Services

On Tuesday 9 May 2017, the Treasurer, Scott Morrison, released the Government’s 2017-18 Budget. This year’s Budget won’t significantly impact retirees; however, there were plenty of changes announced that could affect you. For further information regardiContinue Reading...

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. ThisContinue Reading...

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...

They won’t move out of home! Are they exempt from superannuation death tax? Given the rising cost of housing, adult children are living with their parents for longer and parents have more in superannuation than ever before. We are witnessing more adult childContinue 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...