Hi in This topic says if after you pass away the remaining fund goes to beneficiaries but if that person passes away what happens to this fund Who will be able to have it Thanks
Hi @hungvan1854, More information on our beneficiary types and how they work can be found on our website here - www.australianretirementtrust.com.au/learn/retirement/what-is-a-beneficiary. For more information, we recommend speaking to an estate planner or your financial adviser. Please note, there may be social security or tax implications for your potential beneficiaries. You may want to consider seeking personal advice to understand your individual needs. If your circumstances change, it is your responsibility to ensure your nomination is still valid and aligned with your wishes. Thanks, ^Amy
Some numbers would be beneficial. Too high level. If you want to retire as a couple at age 63 spending $90k pa, how much superannuation is ideal to achieve that for the next 30 years? We own our own home debt-free.
Depends what the super is invested in. Just with ASX investments and franking credits, $90kpa going up with inflation, you’d need $1.8m and it would never run out, you’d not touch the capital. Most people spend more in first 10 years and less in last 10 years. And having 1.5-2 years living expenses in a high yield bank account as an emergency fund is also a good idea. If you were to downsize your home and put the difference into super, you can do catch up concessional contributions plus then non concessional contributions up to $330k in 1 year (as long as you don’t put more non concessional contributions in for the next 2 years). Super funds have a financial planning hotline, plus for all decisions, even if an advisor or mortgage broker thinks it’s a good idea, ALWAYS speak to your accountant, because super rules are complicated and the consequence is paying more tax than you need to simply because of a paperwork mistake Rules of thumb for ASX based LICs/ETF from dividends: 5% (x $90k by 20 = $1.8m for nest egg). Rules for US or all world based ETFs: 4% (x $90k by 25= $2.25m nest egg required)
Hi there, Thanks for your comments. Funds in a Transition to retirement or Retirement income account are still invested, and investment returns in a Retirement income account are tax free. Members over the age of 65 have full access to their superannuation benefits and can access money if/when needed. More information about income accounts is available here: www.australianretirementtrust.com.au/retirement/getting-ready/income-accounts ^All the best, Connor
Please let people know if you have investments in renewable energy and green energy technologies you may be open to a litigation action for your investment lack of care
Hi @GeorgeMcphillips-v6n, Australian Retirement Trust’s Climate Policy sets out the Fund’s approach to managing climate risk and opportunities within the investment portfolio. The Policy describes climate risks, articulates the beliefs relating to these risks and states the carbon emissions target for the portfolio that must be achieved while meeting the investment objectives of the Fund. Additionally, it provides the strategic roadmap that Australian Retirement Trust may use in order to achieve the target. You can read more about Sustainable Investing on our website here- www.australianretirementtrust.com.au/investments/how-we-invest/sustainable-investing Please note, past performance is not a reliable indicator of future performance. For further questions, please contact us securely here -www.australianretirementtrust.com.au/contact-us/email-us Thanks, ^Lola
Hi! You can find a lot of information regarding the Departing Australia Super Payment here: www.australianretirementtrust.com.au/superannuation/early-access/dasp or apply to the Australian Tax Office (ATO) directly - Henri @ ART
Ok you guys ,you've told me that when I get to 60,with my super I can retire ,but Can both my wife and I retire with around $712k together,but we may go till 63 as it builds ! But what happens if the great crash comes and people's super is hit hard ,what then !!
If asset prices drop it will not matter whether you have retired or not. In the accumulation stage your funds are invested to grow your balance. After retirement the funds are invested in similar assets to generate an income - not that different.
Hi as this topic when a person up to 67 will have no limit withdrawal from retirement accounts?Thank😮
Hi in This topic says if after you pass away the remaining fund goes to beneficiaries but if that person passes away what happens to this fund Who will be able to have it Thanks
Hi @hungvan1854,
More information on our beneficiary types and how they work can be found on our website here - www.australianretirementtrust.com.au/learn/retirement/what-is-a-beneficiary.
For more information, we recommend speaking to an estate planner or your financial adviser.
Please note, there may be social security or tax implications for your potential beneficiaries. You may want to consider seeking personal advice to understand your individual needs. If your circumstances change, it is your responsibility to ensure your nomination is still valid and aligned with your wishes.
Thanks,
^Amy
Some numbers would be beneficial. Too high level. If you want to retire as a couple at age 63 spending $90k pa, how much superannuation is ideal to achieve that for the next 30 years?
We own our own home debt-free.
Depends what the super is invested in. Just with ASX investments and franking credits, $90kpa going up with inflation, you’d need $1.8m and it would never run out, you’d not touch the capital. Most people spend more in first 10 years and less in last 10 years. And having 1.5-2 years living expenses in a high yield bank account as an emergency fund is also a good idea.
If you were to downsize your home and put the difference into super, you can do catch up concessional contributions plus then non concessional contributions up to $330k in 1 year (as long as you don’t put more non concessional contributions in for the next 2 years).
Super funds have a financial planning hotline, plus for all decisions, even if an advisor or mortgage broker thinks it’s a good idea, ALWAYS speak to your accountant, because super rules are complicated and the consequence is paying more tax than you need to simply because of a paperwork mistake
Rules of thumb for ASX based LICs/ETF from dividends: 5% (x $90k by 20 = $1.8m for nest egg). Rules for US or all world based ETFs: 4% (x $90k by 25= $2.25m nest egg required)
Hi when we move accumulation super account to pension account is that still invested like accumulation account Thanks
Hi there,
Thanks for your comments. Funds in a Transition to retirement or Retirement income account are still invested, and investment returns in a Retirement income account are tax free.
Members over the age of 65 have full access to their superannuation benefits and can access money if/when needed.
More information about income accounts is available here: www.australianretirementtrust.com.au/retirement/getting-ready/income-accounts
^All the best, Connor
Please let people know if you have investments in renewable energy and green energy technologies you may be open to a litigation action for your investment lack of care
Hi @GeorgeMcphillips-v6n,
Australian Retirement Trust’s Climate Policy sets out the Fund’s approach to managing climate risk and opportunities within the investment portfolio. The Policy describes climate risks, articulates the beliefs relating to these risks and states the carbon emissions target for the portfolio that must be achieved while meeting the investment objectives of the Fund. Additionally, it provides the strategic roadmap that Australian Retirement Trust may use in order to achieve the target.
You can read more about Sustainable Investing on our website here- www.australianretirementtrust.com.au/investments/how-we-invest/sustainable-investing
Please note, past performance is not a reliable indicator of future performance.
For further questions, please contact us securely here -www.australianretirementtrust.com.au/contact-us/email-us
Thanks,
^Lola
How to claim super when leaving Australia permanently
Hi! You can find a lot of information regarding the Departing Australia Super Payment here: www.australianretirementtrust.com.au/superannuation/early-access/dasp or apply to the Australian Tax Office (ATO) directly - Henri @ ART
I want to preserve my super and spend other People’s super how do I become a investment advisor it looks like fun
Ok you guys ,you've told me that when I get to 60,with my super I can retire ,but Can both my wife and I retire with around $712k together,but we may go till 63 as it builds ! But what happens if the great crash comes and people's super is hit hard ,what then !!
If asset prices drop it will not matter whether you have retired or not. In the accumulation stage your funds are invested to grow your balance. After retirement the funds are invested in similar assets to generate an income - not that different.