$683.8 million in unpaid superannuation has been put into Australians’ retirement savings
The Australian Tax Office (ATO) has revealed it has found the non-payment of super entitlements it has found and distributed them to super funds and individuals boosting their retirement savings. The money is from unpaid super raised by employee complaints, ATO compliance activities and voluntary…
Retirement communities offer a unique housing option
Retirement Living Council Executive Director Daniel Gannon and Nathan Cockerill, Chief Executive of Keyton, one of the leading retirement living operators, have extolled the benefits of moving into retirement living in a paid advertisement in the Australian Financial Review. Nathan said people living in retirement…
What are the real costs of retirement living?
Retirement living is attractive, with many villages at full or near-full occupancy. However, the one question we often receive about entering a retirement village is for help to understand the financial details. There are a number of fees and costs to consider and it is…
What is a Transition to Retirement plan – and when should it be used?
Every worker with a superannuation account has access to three “transition to retirement” (TTR) payments that allows you access to some of your super while you keep working. But setting up a TTR can be complicated. If you are interested, it’s best to contact your…
The Lifestyle Years: what are they?
In a new report, demographer Bernard Salt said there has been a shift in the nation’s workforce, with more people aged over 55 opting to work “longer but lighter”. More Australian pre-retirees are choosing to stay in the workplace for longer to stay active and…
What are the laws on Voluntary Assisted Dying (VAD) in each state?
Voluntary Assisted Dying (VAD) has now been legalised in all States across Australia, with legislation in New South Wales coming into effect from the end of November this year. It is not yet legal in the Northern Territory or the Australian Capital Territory, although legislation…
Retirement living can provide intergenerational fun as this village shows
When you buy into a retirement village, you will quickly learn that the village manager is happy to help arrange an activity that you’ll enjoy. Case in point: Margie Hyde, a resident of Carinity’s Wishart Gardens retirement village in Brisbane, recently paid a visit to…
Good news: more people 65yrs+ can access a pension.
The good news is that the Federal Government is ensuring that more people aged 67 and above can access the Age Pension. But the confusion and complexity around means testing has to be confronted before more money flows your way. The Age Pension increased on…
Free access to shingles vaccine for people aged 65 and above from 1 November
The Minister for Health and Aged Care, Mark Butler, has announced that everyone aged 65 years and over, First Nations people 50 years and over, and immunocompromised people 18 years and over at high risk of herpes zoster infection, will have free access to the…
Retirement anxiety: how to overcome it
The anxiety that can come with retirement is very real. Adults, 60 years of age and older, are more likely to experience physical symptoms of anxiety than younger people. Baby Boomers (born between 1946 and 1964) and Gen X (1969 to 1979) have never experienced…