Maybe you find yourself facing financial demands from both your own young family and older family? You're not alone.
Welcome to the life of the Sandwiched Generation.
I must confess it was a childhood experience that led me astray and taught me the 7 early financial lessons of the schoolyard.
If that worked, the tax department wouldn't need to get people to pay their taxes; you could just 'think about' it for them instead.
Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features:
If you plan on leaving your superannuation to your now adult kids when you pass away, there's a strong possibility your super death benefit payout will be hit with tax.
Thankfully, an annual assessment run by the ASFA can help you start your thinking about what you want to achieve in your retirement.
Then we can help you get there.
While this is a very complicated task (and perhaps the stuff of urban legend) it's worth setting the story straight; so you know where you stand with your super.