Sources, disclaimers and other important information
This information may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax advice prior to acting on this information. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider its contents.
In some cases the information in this website has been provided to us by third parties. While it is believed the information is accurate and reliable at the time of publication, this is not guaranteed in any way. Opinions constitute our judgement at the time of publication and are subject to change. Neither Edge Specialist Advice Network, Retraite Trust T/A Edge (AUST) Pty Ltd, Jaspark Services Pty Ltd T/A Edge (AUST) Lending Solutions , nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this information.
Information is current as at October 2014.
Assumptions and sources referenced within this website:
- MLC Quarterly Australian Wealth Sentiment Survey, Q2 2014
- Australian Bureau of Statistics, 2008; 2013a
- Subject to meeting certain criteria and aged based concessional contribution caps requirements
- Ezra, D, Collie, B and Smith, M — "The Retirement Plan Solution" Wiley Finance 2009
- ASFA Retirement Standard, September 2014
- Figure includes pension and energy supplement. Department of Human Services, Age Pension, 2014
- Source: MLC. Figures are based on $500,000 invested in the MLC Five Star Superannuation Horizon 4 Fund using end of month unit prices. The income of $40, 000pa is drawn down each month ($3,333 per month) using the end of month data point. No adjustment is made for inflation, taxes outside of those included within the Superannuation Fund, SIS minimum and maximum requirements, or social security payments. Past performance is no guarantee of future returns.
- Australian Bureau Statistics CAT No. 6401
- Assumes couple, retiring at age 65 who will live to an average life expectancy of about 85 and desiring a comfortable lifestyle. Assumes eligibility to a part Age Pension. ASFA Retirement Standard, December Quarter 2014.
- ASFA Retirement Standard — June quarter 2014
- December 2012 Retirement Income Report — Investment Trends.
- Australian Bureau of Statistics, 2008; 2013a
- According to finder.com.au 75% of working Australians will be forced to take six months or more off work as a result of a long-term medical condition resulting from sickness or accident.
- Families with children, IFF/AIST Research, 2008
- ATO Key superannuation rates and thresholds Concessional caps
- This rate includes Medicare Levy of 2% and the Temporary Budget Repair Levy payable at a rate of 2% for taxable incomes over $180,000.
- ASIC, Moneysmart, Tax & Super page 2015. If aged between the preservation age and 59 years, the first $185,000 is tax free and the balance is taxed at 17% (including Medicare Levy)
- Household savings and retirement, A report on superannuation and savings for CPA Australia, October 2012
- These strategies have been provided in summary form only and have been prepared without taking into account your objectives, financial situation or needs. There are many others issues that would need to be addressed with the help of a suitable financial or taxation adviser before deciding to implement any of these strategies. Before acting on these strategies consider if they are for you having regard to your objectives, financial situation and needs.
