Presidio Partners’ Post

Most commonly asked question I get from non-advised individuals is "what's the best super fund". Here's another compelling reason why "ease of doing business" should be a major consideration when choosing the right super fund and retail insurance provider to achieve the best retirement outcomes. https://lnkd.in/df8RqTzF

Latest on superannuation death benefits - Super Review: The Australian Financial Complaints Authority (AFCA) has launched consultation on its approach to superannuation death benefits. https://lnkd.in/gBRUaPBs #superannuation. #retirement. #deathbenefits

Previously, we covered the standard conditions under which you can access your superannuation. However, situations may arise that require access to your superannuation before reaching retirement age. The Australian Government permits early withdrawal of super in limited circumstances—let's explore what these options look like. 𝗘𝗮𝗿𝗹𝘆 𝗔𝗰𝗰𝗲𝘀𝘀 𝗼𝗻 𝗖𝗼𝗺𝗽𝗮𝘀𝘀𝗶𝗼𝗻𝗮𝘁𝗲 𝗚𝗿𝗼𝘂𝗻𝗱𝘀 The Australian Prudential Regulation Authority (APRA) allows super to be accessed early under compassionate grounds if you need to pay for costs such as medical treatment for yourself or a dependant, modifications to your home or car due to severe disability, or to prevent foreclosure on your mortgage. Compassionate grounds also cover funeral or burial expenses for a dependant. 𝗠𝗲𝗱𝗶𝗰𝗮𝗹-𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗖𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 You may also access your super early if you are facing a terminal medical condition. Two medical practitioners, one of whom must be a specialist, must certify that you have a life expectancy of fewer than 24 months. Alternatively, temporary incapacity (due to illness or injury) may allow you to access your super, typically in the form of regular payments to support your income during your recovery. 𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗜𝗻𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗼𝗿 𝗦𝗲𝘃𝗲𝗿𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗛𝗮𝗿𝗱𝘀𝗵𝗶𝗽 For those who experience permanent incapacity that prevents them from ever returning to work, super can be accessed early to provide ongoing support. Additionally, Australians facing severe financial hardship—such as an inability to meet essential living costs—may qualify if they have been receiving eligible government support payments continuously for at least 26 weeks. Before making any decisions, it is essential to consult the Fair Work Ombudsman or ATO guidelines and speak to a financial advisor. Early access can provide relief in challenging times, but it may also impact your long-term financial security. In our next post, we will look at the financial impacts of accessing super early and how to make the best decision for your future.* #superannuation #earlyaccess #financialhardship #superwithdrawal *𝘗𝘭𝘦𝘢𝘴𝘦 𝘯𝘰𝘵𝘦 𝘵𝘩𝘢𝘵 𝘢𝘭𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘐𝘈𝘎 𝘪𝘴 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘪𝘯 𝘯𝘢𝘵𝘶𝘳𝘦, 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘵𝘢𝘬𝘦 𝘪𝘯𝘵𝘰 𝘢𝘤𝘤𝘰𝘶𝘯𝘵 𝘺𝘰𝘶𝘳 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘤𝘪𝘳𝘤𝘶𝘮𝘴𝘵𝘢𝘯𝘤𝘦𝘴 𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘨𝘰𝘢𝘭𝘴, 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘰𝘵 𝘣𝘦 𝘤𝘰𝘯𝘴𝘵𝘳𝘶𝘦𝘥 𝘢𝘴 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘠𝘰𝘶 𝘴𝘩𝘰𝘶𝘭𝘥 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘸𝘪𝘵𝘩 𝘢 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘦𝘥 𝘢𝘯𝘥 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘥 𝘍𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘗𝘭𝘢𝘯𝘯𝘦𝘳 𝘣𝘦𝘧𝘰𝘳𝘦 𝘮𝘢𝘬𝘪𝘯𝘨 𝘢𝘯𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴.

A spike in the cost of living is having an effect on pre-retiree and retiree member behaviour, and super funds with a solid and accessible advice offer are well placed to help these members negotiate some tricky and complex issues. Natalie Previtera NGS Super #retirementincomecovenant #retirementincomestrategy #costofliving #ric #super #financialadvisers #financialplanning #financialservices

In the most recent past, I have received quires abouts how can one access pension, unclaimed benefits and other financial assets left by their deceased parents, spouse or family members. FSCA South Africa makes it possible for you to know what assets are there for you and where you may claim for those assets. Please read article below as it shows the 3 method offered by thr FSCA South Africa. PLEASE REPOST FOR AWARENESS

If thinking about superannuation leaves you feeling overwhelmed, you’re not the only one. Whether you’re happy to be hands-on or prefer to let your super do its thing in the background, there are plenty of ways to boost your current funds and inch that much closer to your work-free era. https://lnkd.in/gsg6RjmF #superannuation #superfund #retirementplanning

Super fund or adviser: Where do retirees turn for help?: With superannuation funds and financial advisers being the top two sources of information for retirees, a TAL white paper has revealed which they turn to first. https://bit.ly/4aFapII

Super fund or adviser: Where do retirees turn for help?: With superannuation funds and financial advisers being the top two sources of information for retirees, a TAL white paper has revealed which they turn to first. https://bit.ly/4aFapII

Making the transition to aged care can be an emotionally fraught time. You want to make sure you select the right provider who'll provide your loved ones with the care and quality of life they deserve. And then there's the financial aspect to consider. We know that quality aged care is a significant investment. We help you confidently make decisions and can help you: - Access government entitlements - Minimise aged care fees - Protect your assets Contact us for help in planning for this next phase. #PFGFinancialServices #FinancialAdvice #WealthManagement #Superannuation #RetirementPlanning #EstatePlanning #LendingSolutions #PersonalInsurance #InvestmentAdvice #MelbourneFinance #BrisbaneFinance #FinancialFreedom #WealthCreation #PropertyInvestment #SecureYourFuture #FinancialPlanning #TrustworthyAdvice #FinancialGoals

If you want more choice over your super, here’s what you need to know about SMSFs. ❗Read Helen’s comments here👇: https://lnkd.in/gDkJNzXT . . . #superannuation #superannuationfunds #helenbaker