The Government has announced that pension payment relief will be available for the 2012/2013 year as well as for the 2011/2012 financial year. See the table below for actual figures. The minimum pension payments will return to normal from the 2013/2014 financial year. Minimum annual pension (income stream) payments Regular Percentage factors Temporary relief 2011/2012 [...]
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In this episode Gavin Martin, Financial Adviser / Financial Planner, explains the personal finance and superannuation announcements the Federal Government made as part of the Mid-Year Economic and Fiscal Outlook (MYEFO) that has been termed a Mini-Budget due to the range of cut backs. The discussion, includes: Extension of draw down relief for super pensions [...]
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In this episode Gavin Martin, Financial Adviser / Financial Planner, addresses your 3 questions, including: Selecting an SMSF adviser – Craig asks “My mother is looking to have someone else manage her SMSF. What points should does she need to consider when reviewing who should manage it.” Going guarantor – Mark asks “I have the [...]
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