Superannuation is complex. There are cap limits on contributions, cap limits in pension phase, minimum income stream caps. It is a minefield of rules, regulation and financial jargon to make most of us want to bury our heads in the sand. With the introduction of the transfer balance cap of $1.6m last July, there are more reasons than ever to ensure your spouse (many of whom have a lower super balance) look to increase their balance. Here are 2 options you can consider:

Technology in our lives is the new normal. None of us can imagine life without a mobile phone, Netflix or heaven forbid – social media! So, it makes sense to consider cyber assets in your estate plan. Digital decisions are the new black!

Is downsizing your chance to upsize your Super in retirement? Many of us live in large homes that once provided for our busy family members but may now be feeling empty once they have left the nest. We see many reasons people want to downsize their home: a smaller property is easier to maintain; travel may be more frequent; mobility and access may be a problem; large gardens and empty rooms are unnecessary and a lot to look after. Downsizing to a smaller residence provides a great way to top up your superannuation, allowing you to fund your retirement longer.

I love a challenge and this challenge was one I secretly commenced last year. I kept it a secret because I wasn’t certain I could actually go through with it. For the past 12 months I have bought no new clothing! So what! you say…. hardly worth making a fuss about when there are people with serious health and money problems. However, I wonder how many of you could actually commit to this?