I was born in 1964. I heard they will be stopping the age pension?

Q. Can u tell me, at what birth year does the aged pension stop. I was born in 1964 and need to know whether I will receive the aged pension.

A: A great question and I suspect many people reading this question will think you have gone bananas. Most Aussies have the attitude that it is their god given right to receive the age pension as they have paid taxes all their life.

A fair point, but there is only so much money in the Government kitty. Remember they are simply managers of the tax we have to pay them.

A huge problem facing most Governments is Read more

I am business owner and I am questioning my accountant’s advice.

Q. We are business owners and our accountant has us pay a designated amount into super each month. We are reluctant to do this at the moment and have that amount lose money immediately when banks are offering over 8%. Should we try to delay these payments?

Josie’s answer: I am finding that many people are asking similar questions. Why put my money into superannuation when they might get a higher return by investing in a cash management account or term deposit outside of super. This is where a little research and homework will make it a lot clearer and thank you for asking this great question.

When thinking of superannuation, do not think of it as an investment. This is a common mistake. Superannuation is simply a trust which offers amazing tax concessions. For example, if you had a family trust, would you be asking the same question? Probably not.

Firstly, I will discuss the tax benefits. Lets say your monthly contribution to superannuation Read more