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Over two million seniors rely on the Age Pension for retirement income, according to the Australian Institute of Health and Welfare (AIHW). Currently, you can start receiving the pension at age 66.5, but by the middle of 2023, you’ll need to be 67 or older.
Does your super deserve a clean bill of health? Managing your super might seem tricky, but it doesn’t need to be.
I have just come back to my desk with my third cup of coffee for the day – I must cut back on caffeine, I remind myself.
You might think there’s not much you can do to increase the value of your superannuation in retirement. But with Australians now spending close to 30-years in retirement on average[1], our super needs to last longer than ever.
A self-managed super fund (SMSF) is a private superannuation fund that individuals in Australia can manage themselves.