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I have a question regarding clarification of a spouse under the superannuation act.
I know that a spouse under ATO is a person who you are in a relationship with even though not legally married. We are not married, however have been in a relationship for many years and wanted to confirm if we will be treated as a spouse for the purpose of being able to make use of the superannuation downsizer contribution as a result of my partner selling a property.
We are in our mid seventies and are thinking of closing our SMSF and having a managed fund in lieu. What is the cost of closing our SMSF (assuming we need to)?
Any advice on choosing a managed fund? Cubs has been suggested.
What is the range of fees that would be charged?
We have about $1.5m in shares, hybrids, LICs and cash, and hoping for an income of about 85k with minimal draw-down of our capital.
Could you please advise me on Medibank private now that it has lost the government army contract.
It forms a major investment in my portfolio and was purchased on the float.
With the government increase cap, I am concerned.
If sell is your decision then what is your suggestion for a replacement?
This is my only investment in the medical sector.
I am 35. What probability do you place on a future government increasing the preservation/retirement age (by the time I get there)? I can’t help but feel that probability is “high”.
I don’t want to work forever and have $180K in an industry super fund and my employer contributes 17% on my $106K p.a. salary. I have been salary sacrificing for the past few years but with the current political climate I have lost all faith and can’t help but think that a future government will change the rules. It seems those (few of us) that take action early and plan to be financially independent are the ones to get punished through rule changes because they are easy political targets. I’m thinking it may be safer to pay more tax now and build wealth outside of super and let my employer make contributions (which I know are already well above average). Do you have any opinions (not financial advice) on this subject?