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Financial Advice Archives - Page 2 of 4 - Garnet Business Services
Downsizer contributions: Age limit change

Downsizer contributions: Age limit change

The downsizer age limit will be lowered from 1 July 2022. If you’re thinking of downsizing, you can boost your super at the same time. To help those nearing retirement boost their super balances, those aged 65 and over are able to make downsizer contributions of up to...
IP insurance in super: beware of offsets

IP insurance in super: beware of offsets

If you have IP (income protection) insurance in your MySuper product, it’s time to check the details, including any “offset” clauses that may reduce the value of any claim Insurance within super is usually the most cost effective way for an individual to cover...