Superannuation Category - Page 2 of 8 - Watkins Financial Services

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...

SMSF Trustees who have established a limited Recourse Borrowing Arrangement(LRBA) with a loan from a related party should ensure the terms of the loan are made on an arms-length basis by 30 June 2016. Where the terms of the loan and the ongoing operation of tContinue Reading...

The Federal Government’s proposed budget changes to Centrelink Age Pensions has led many financial experts to argue that individuals would be far better off renovating their homes, buying fancy cars, or blowing cash on an overseas holiday than saving hard foContinue Reading...

Preparing for Loss of Capacity – It Can Happen at any Age   Many of our aging population are Trustees of a self-managed super fund (SMSF). At some point, one or more members of an SMSF may become temporarily or permanently incapacitated due to illness, aginContinue Reading...