SMSFs

A weakness of the super sector is the number of funds that take DIY literally and shun professional input. But this might be changing as a growing number of new funds reach out for a helping hand.

Nestled on Tasmania’s northwest coast between Ulverstone and Burnie is the picturesque town of Penguin, where life slows to the walking pace of its black-and-white namesake.

While less than half of those surveyed in a 2025 research report are confident about retiring, the more pertinent observation to emerge is the glaring disparity between the genders on this issue.

Superannuants can increase their pension account by between $100,000 and $360,000 under changes to the Total Balance Cap from July 1. How to make the most of new thresholds, tax offsets and co-contributions.

Labor must have thought it was home free to get this tax package through the Parliament after its election win and having control of the Senate with the Greens’ support. But there’s a growing realisation that its impact will be far wider than the government figure of only 80,000 “well-heeled” SMSF members.

Small enterprises are increasingly likely to be sold or folded with the owners’ offspring showing less interest in taking over the reins. It’s a dire situation compounded by many failing to have a retirement strategy.

Seniors’ organisations could struggle to get a fair hearing from an incoming Labor Government that largely has younger women, migrants and the tertiary educated to thank for its stunning victory.

Whether it’s being on stage or working behind the scenes, getting involved in local productions will bring enjoyment, personal growth and social engagement.

Labor failed to get its legislation to tax the earnings on SMSF portfolios exceeding $3 million pass the Senate in the previous Parliament. With the Greens likely to support this Bill, it is now set to become law, and advisers are scrambling to devise strategies for their clients.

With the aid of Google maps, driving around Italy seemed the obvious way to go – until numerous fines started landing on my Melbourne doorstep. My advice? Grit your teeth and pay.

There’s nothing quite like a good old “whodunit” that gets the blood tingling and the brain cells working to while away the hours.

Many in retirement are travelling comfortably, with three key factors contributing to their happiness – good physical and mental health and enough money to enjoy life.