SRS Advice | Strategic Retirement Solutions

Understanding your investment options

Posted at 17 Aug 2023 in General Interest by Strategic Retirement Solutions

Investing is full of jargon and technical terms that can make getting started or managing your investments seem intimidating. Here are some of the key terms to help you better understand the different options available to you. Common investing terms There are a few terms that you’ll...

How to monitor carried forward concessional contributions

Posted at 17 Aug 2023 in General Interest by Strategic Retirement Solutions

You may be eligible to make concessional contributions that are greater than the annual cap if you haven’t fully used your concessional cap in an earlier year. This could help you to save even more for retirement, while also managing tax. What are concessional contributions? There are...

How to help grow your money through compound interest

Posted at 17 Aug 2023 in General Interest by Strategic Retirement Solutions

Earning interest on interest: learn how the power of compounding can send your savings rocketing. Key takeaways Compound interest enables you to earn interest on interest which is accumulated over time. The effect of compound interest becomes extremely powerful over a long timeframe as the amount...

Granny flat arrangements within the context of the gifting rules

Posted at 17 Aug 2023 in Centrelink, General Interest by Strategic Retirement Solutions

There are special rules for granny flat arrangements that may prevent the deprivation rules from applying. However they must satisfy a range of requirements. Retirees wanting to downsize their home may consider the option of living in a granny flat or an extension to / spare...

Economic update May 2023

Posted at 17 Aug 2023 in Economic Updates, General Interest by Strategic Retirement Solutions

July was a relatively uneventful month in financial markets and volatility remained low. Generally speaking, risk assets continued to perform well despite a sharp increase in the oil price. In fact July was the best month for oil since January 2022. Inflation seems to be coming off...

Are you getting the Age Pension you’re entitled to?

Posted at 17 Aug 2023 in General Interest by Strategic Retirement Solutions

If you receive the Age Pension, recent changes to means testing for retirees could put more money in your pocket. These changes impact the assessment of certain lifetime income streams that began on or after 1 July 2019 (including any that you take up now). Lifetime...

2022-23 saw investment returns rebound – but is it sustainable?

Posted at 12 Jul 2023 in Economic Updates, General Interest by Strategic Retirement Solutions

Key points - After the rough ride of 2021-22, 2022-23 turned out to be a good one for investors as shares rebounded thanks to falling inflation and hopes rates are near the top. - Shares are at risk of a pull back as central banks remain hawkish...

The 2022 – 2023 Federal Budget: What it means for you

Posted at 16 May 2023 in Federal Budget Updates, General Interest by Strategic Retirement Solutions

The 2023-24 Budget Return to surplus with fastest improvement since end of WW2, cost of living help but structural deficits remain (albeit smaller). Key points The budget this year is expected to return to a surplus of $4b thanks to a continuing revenue windfall. Key measures include...

What causes market movements?

Posted at 16 May 2023 in General Interest by Strategic Retirement Solutions

When the news is filled with headlines about market movements, it’s normal to feel a bit anxious. Here are three things to keep in mind the next time share markets aren't behaving the way you'd like them to. Markets constantly go up and down As...

Expanding SMSFs for the expanding family?

Posted at 16 May 2023 in General Interest by Strategic Retirement Solutions

It has finally happened. Recommended by the Cooper Super System review in 2010, put forward in the Federal Budget four years ago by then Treasurer Scott Morrison and finally passed on 17 June 2021, the maximum amount of members allowed in a Self Managed Super...