There has been a massive focus on the maximum allowed in a tax-free pension of $1.6 million, but what happens if your portfolio rises in value and you exceed it? Should you worry about it?
Author Archive | Noel Whittaker
The 17% tax on the taxable component of superannuation paid to non-dependants upon death acts like a death duty, and it’s worthwhile finding out how to avoid it using legal means.
Labor’s rhetoric of taxing the rich and standing up for women doesn’t match the facts. Their proposed imputation policy, if implemented, will raise little revenue and hurt low- and middle-income widows the most.
As we continue to mark the Cuffelinks 5th anniversary over summer, leading adviser on personal finance, Noel Whittaker, selects his favourite five articles from 2017. Focus on things you can control not those you can’t.
Noel Whittaker shares his 20 Commandments of wealth management after decades of advising clients, writing bestselling books and reaching millions of people every week on radio and television.
Where both husband and wife are elderly and receiving an age pension, the structure of the will can significantly improve the pension and personal outcomes on the death of either person.
We may prefer a fast pay off but a long-term approach to investing will result in a less stressful journey and a more successful outcome.
Noel responds to Chris doubting it is possible to take the heat out of the market with tax changes, but he’s fine if the 50% CGT discount does not kick in for at least five years.
Under the new superannuation rules from 1 July 2017, how do salary sacrifice and the tax deductibility of super contributions work, separately or together? Don’t overlook this super opportunity.
It should be no surprise that many older Australians believe they have an entitlement to the age pension. Like an early version of the superannuation guarantee, pensions were once directly funded by personal tax.
A conversation with Government officials on the proposed super changes shows there is some logic behind those numbers.
Estimates of the cost savings from abolishing negative gearing are overstated because the property becomes positively geared and incurs capital gains tax on sale, and allowing it on new homes only is dangerous.
Superannuation’s anti-detriment provisions may be abolished as part of the government’s upcoming budget. It’s worth checking whether your own circumstances can take advantage of these rules.
Future retirees will be expected to be even more reliant on their own superannuation instead of the age pension. For the younger generation, your lifetime of investing should begin now, while time on your side.