Econ3114 Superannuation And Retirement Benefits

UNIVERSITY OF NEW SOUTH WALES School Of Economics Actuarial ...
SUPERANNUATION AND RETIREMENT BENEFITS Session 2, 2006 Introduction This course is about the economics and finance of retirement – ‘superannuation’ ECON3114 is a recommended course in the Financial Economics specialisation. ... Fetch Content

ACTL3005, ECON3114 SUPERANNUATION AND RETIREMENT BENEFITS
1 Dear Students Welcome to ACTL3005/ECON3114 Superannuation and Retirement Benefits. This course is offered as an elective in the BCom and BEc degrees and is a recommended ...

SMSF Transition to Retirement Income Stream Strategies

http://www.smsfstrategies.com Hi, I'm Grant Abbott, I'm from SMSF Strategies, and today we're talking about transition to retirement income streams. There are really income streams, or like pensions, that apply to only a very small part of the population. It's from that time that you turn age 55, for most people, until age 60, when you really start to retire, you can meet a retirement condition of release under the superannuation laws. So they really go for about four or five years, but they have a huge amount of benefits. You see, one of the big issues about self-managed superfunds, or superannuation, uh, laws altogether, is the access, the ability to access our benefits. The transitional retirement income stream is a Government's answer allowing us, and really starting to make sense of the whole retirement issue, that allows us to start to take our benefits out of our super, by way of a limited income stream, while we're still working, while we're transitioning to retirement. It's a really says it all, it is a transition to retirement income stream. So what is it? Well, effectively once we turn age 55, if we're born before 1960, we can start to access our benefits in super by way of an income stream. We must take at least 4% out each year of our account balance, the amount that's setting up for these transition into retirement income streams, and we can't take anymore than 10% out in any one year. So it's between 4% and 10%. The benefit of when it comes out is the worse case scenario it's gonna be accessible income to you, but with a 15% tax offset. Better still if you've got a good accountant, SMSF strategist, or a financial planner, who really knows their stuff in this self-managed superfund arena, you're gonna find that once you get this transitional retirement income stream, it'll come out tax-free, not only accessible with 15% tax offset, it will actually be tax-free. Now that's a lot better than taking salary and wages. It allows you to wind down your working life, or more importantly continue working life, but get a tax advantaged income while at the same time being able to make at least fifty thousand dollars of tax-deductible, or pre-tax deduct-or pre-taxable contributions into our superannuation by way of salary sacrifice.

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Superannuation and Retirement Benefits Course Outline ...
Australian School of Business School of Economics ECON3114/5114, ACTL3005/5002 Superannuation and Retirement Benefits Course Outline Semester 2, 2009 ... Doc Retrieval