Retire Right

421 Catch-up contributions, term deposits in super, Centrelink income trap + more

Retire Right

Show Notes

In this Q&A Glen James and financial adviser Nathan Fradley chat about:

πŸ‘‰ catch up concessional contributions: how they work and the $500k super threshold πŸ‘‰πŸΌ can you withdraw from super to get under $500k and put it back in? πŸ‘‰πŸ½ term deposits inside super: are they safe? πŸ‘‰πŸΎ does the government's $250k bank guarantee apply inside super? πŸ‘‰πŸΏ how much to keep in super? $1M in super + $500k in shares at age 55 πŸ‘‰πŸ» reportable super contributions and the Centrelink income test πŸ‘‰πŸ½ how the ATI (adjusted taxable income) add-back impacts eligibility for Centrelink benefits πŸ‘‰ is it a red flag if an investment fund is closed to new investors?

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This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au. Hosted on Acast. See acast.com/privacy for more information.

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