From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...
It seems this reverse mortgage concept is based upon putting a lump sum into super, and presuming the return on super will always be greater than 6% - the same cost of the reverse mortgage, that capitalises the interest over time.
Accessing equity will be enhanced with the revamped Pension Loan Scheme (PLS) from 1st July.
A self funded retiree couple can access up to $2,054 per fortnight ($54,000 per annum) to supplement their income at an interest rate of 5.25%, rather than a lump sum at 6.0%.
Lump sums can also further reduce age pension entitlements.