The All groups CPI figure for the December 2020 quarter has triggered upward indexation of the general transfer balance cap (TBC) and any unused part of an individual's TBC from 1 July 2021. This sounds like good news, but the bad news is that the ... Read more

The sole purpose of superannuation is to provide income in retirement. It is therefore no surprise that a large proportion of people primarily want their savings to generate a stream of income in retirement. Read more

One of the final pieces of the 2021/22 planning jigsaw has dropped into place. The release of the November 2020 Average Weekly Earnings data means we now know for sure that the concessional contributions cap will increase from $25,000 to $27,500 from ... Read more

Would it reduce inequality in Australia? Retirement Income Review The Retirement Income Review was formed in September 2019 with the appointment of the Panel Members, Mike Callaghan AM PSM (Chair), Ms Carolyn Kay and Dr Deborah Ralston. The Panel was ... Read more

From 1 January 2015, the income test assessment (the assets test assessment remained unchanged) for account-based pensions (ABPs) changed to be treated under the deeming provisions for entitlements such as the Age Pension and Commonwealth Seniors Health ... Read more

Accumulated through compulsory and voluntary contributions as well as earnings, superannuation is a significant source of retirement savings. As clients approach retirement, their minds often turn from accumulating to accessing their superannuation ... Read more

People are increasing relying on technology to help them make better informed decisions. This new era of human-technology collaboration has recently begun to influence the structure of retirement solutions in Australia with the launch of Russell Investments' ... Read more

Almost all pension members will occasionally draw more than the minimum pension amount in a given year. If so, it is critical to think carefully about how those extra payments should be treated and documented before taking the payment. Pension members ... Read more

The ability to bring-forward future year entitlements to make non-concessional contributions to superannuation has been in place for many years now. Up until 30 June 2020 this could be done by anyone who was under age 65 on 1 July and met the total ... Read more

Optimum Pensions has designed and tested an innovative new lifetime income stream, the Real Lifetime Pension (RLP), that may be delivered by superannuation funds to their members to address longevity risk, while providing higher performance than current ... Read more