Early release impact $8.50 per week: mSmart
The impact of the Government’s early access to superannuation hardship scheme might only be $8.50 per week in terms of today’s spending power, mSmart believes.
Early release of super makes a difference
mProjections calculates the impact of a withdrawal and how to engineer a better retirement.
SMSF costs below $3000 a year
Further analysis of the running costs of an SMSF has found they can be run for less than $3000 a year at an average cost of 1.34 per cent a year for a $200,000 fund and 0.5 per cent for a $500,000 fund.
Fintech Tool To Overcome Early Release Effect
SMSF members who accessed funds under COVID-19 early release provisions will be able to map the impact of that withdrawl on their retirement income as well as what changes to their investment mix will offset that impact via a new tool released by a fintech firm.
Early access impact of $10,000 overstated
mSmart is in the final stages of developing an app that projects the likelihood of the future value of superannuation, savings pools and education funding plans.