Thanks heaps Chris. Really well explained and an important considerations. Really appreciate it. An idea for another clip may be on brought forward, limits for couples and singles i.e. $1.9m then growth up to $3m ($6m as a couple). How it works between a individual v's a couple. Timing of locking in transfer cap limit i.e. at a time investments dip (May can be a low month in stock values)
67 is the age people are eligible for a government age pension. People can retire at any age they want, they just need to be able to support themselves. People can access their super once they reach their preservation age which for most people is 60.
Hi Chris, Thank you so much. My wife is my Reversionary Beneficiary.... If I pass and she has her Super still in the Accumulation phase, can she covert her Super to Pension phase AFTER to ADD to my Reversionary amount which she gets automatically?
It will depend on the balances or each . It may also be more beneficial for her to commence a second pension, instead. Probably best for her to get advice at that time ,should such a tragic event occur.
Another lesson delivered well. Thank you Chris
You're welcome, Eddie. Thank you, as always, for your kind comments.
Thanks Chris, great info and well explained. Appreciate it :)
You're welcome. Glad it was helpful!
Thanks heaps Chris. Really well explained and an important considerations. Really appreciate it. An idea for another clip may be on brought forward, limits for couples and singles i.e. $1.9m then growth up to $3m ($6m as a couple). How it works between a individual v's a couple. Timing of locking in transfer cap limit i.e. at a time investments dip (May can be a low month in stock values)
Thanks Chris, it's really helpful. How if the beneficiary has not reached the retirement age of 67? Will the reversionary pension stream be tax free?
67 is the age people are eligible for a government age pension. People can retire at any age they want, they just need to be able to support themselves. People can access their super once they reach their preservation age which for most people is 60.
Can you nominate two people for a reversionary pension, or just one?
Just one is allowed.
Hi Chris, Thank you so much. My wife is my Reversionary Beneficiary.... If I pass and she has her Super still in the Accumulation phase, can she covert her Super to Pension phase AFTER to ADD to my Reversionary amount which she gets automatically?
It will depend on the balances or each . It may also be more beneficial for her to commence a second pension, instead. Probably best for her to get advice at that time ,should such a tragic event occur.
how about the pros and cons of selling the investment property or keeping it to live off the rent in retirement?
This video covers off on most of that ua-cam.com/video/moFZh4fyPAE/v-deo.html