Super Splitting: Grow Your Wealth Together
Super contribution splitting allows couples to transfer part of their super contributions to a partner’s account, helping balance retirement savings. This strategy is especially valuable when one partner has taken time out of the workforce or earns significantly less. It can boost overall family wealth, improve tax efficiency, and help with access to tax-free income or Centrelink entitlements. For many, it’s a practical and underused way to work together toward a more secure retirement.
From Blocks to Benefits: Subdividing Property for Wealth
Subdivision can unlock hidden value in your property, offering potential income and long-term financial resilience. It involves careful planning, local council approval, and often a team of professionals to handle the details. The costs, legal obligations, and tax implications are real – but so are the opportunities if done wisely. Subdivision isn’t just a property play; it’s a strategic move for Australians looking to future-proof their finances.
Australian Property Prices: Navigating the World’s Most Expensive Market
Australia now ranks among the most expensive property markets globally, driven by low supply, high demand, and strong migration. For pre-retirees, this means traditional property strategies may need rethinking – especially in cities like Sydney and Melbourne. Financial planning is critical in this environment, as affordability challenges grow and market volatility persists. Resilience, diversification, and good advice are essential to navigate property as part of your retirement plan.
Q & A
- Worried about global volatility? Stick to your long-term investment strategy and avoid reactive decisions.
- Turning 67? You may no longer need to meet the work test to contribute to super—great news for boosting your retirement savings.
- Gifting money to children? Be aware of Centrelink limits to avoid reducing your Age Pension eligibility.
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