Are You Paying Tax by Not Starting a Super Pension? | Oil Concerns Return | Australian Banks Pass Rigorous Stress Test by APRA | Q&A

This issue of Wealth Adviser includes:

• Are you paying tax by not starting a super pension?  The tax rate in pension phase is nil, compared to 15% in accumulation phase.  If you are over 65, have you started a pension?
• Oil concerns return.  Oil prices slumped 8.8% last week reflecting Russia’s announcement that it would lift its self-imposed partial ban on oil exports.
• Australian banks pass rigorous stress test by APRA.  APRA has a stringent test for banks, and all tested banks have passed.  It tests the resilience of the banking system in an assumed ‘hard landing’ for the economy.
• Q&A

1. I want to start saving up for my child’s education and I have read about investing in education bonds.  What is an education bond and how does it work?
2. Everyone around me is saying that establishing a Self-Managed Super Fund is the best way to get rich.  What are some indicators that an SMSF is suitable for me?
3. My income protection premiums have significantly risen, and it is really affecting my cashflow.  What are some ways to reduce my premiums for income protection?
4. 1. 1. 1. 1.  
            2. Click here to read the full articles – Opens as a printable pdf

If you would care to share your experience with me, please comment below!