Q&A – 15 May

Q: Can I make concessional contributions to super once I have more than 1.6 million? A: It is possible for a person to have concessional contributions made to superannuation irrespective of the total amount they have in super. There is…

Upward movement in the TD market

The term deposit market showed some signs of upward rate movement in March with several small financial institutions increasing their term deposit rates. According to the latest Mozo Banking Roundup, there were more term deposit rate increases in March than…

Transition to retirement income streams still a good option

Despite a pessimistic view by some, the reasons for having a transition to retirement income stream have not changed, it’s just that the investment income earned by the superannuation fund will be taxed at 15 per cent from 1 July…