NEW WORK TEST EXEMPTION (WTE)
By Colin Lewis, Head of Technical Services If you’re aged 65 to 74 and retired in 2018/19, you may be able to contribute this financial year even though you’re not working. Normally, you must meet the ‘work test’ to contribute, i.e. be gainfully employed for 40 hours in a 30 consecutive day period. If you’re […]
IS A TRANSITION TO RETIREMENT INCOME STREAM STILL WORTHWHILE?
By Colin Lewis, Head of Technical Services A transition to retirement income stream (TRIS) provides access to your superannuation whilst still working once you reach preservation age. TRISs were introduced by the Howard Government back in 2005 to help people ‘transition into retirement’ by allowing them to use their preserved super to supplement their reduced […]