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Retirement and purchasing a house in Aussie (Singapore VS Australia)
hotshotSydney Posts: 1,643Member Joined: Nov 10, 2011
@LokiJr : yan ginawa ng family friend namin. bale, buong pamilya nila ang members tapos sila na nagmamanage.
ginawa nila ito kasi medyo delekado rin daw pag nasa ibang superfund company ang pera mo. nung nagkaroon kasi ng recession, nalugi daw investments nung company so bumaba ang value ng mga pera nila. our friend lost about 25k aud from her super. after nun, sila na humawak ng super nila. hehehe
Occupation: Analyst Programmer (ANZSCO Code 261311)
May 21 2012 - lodged visa 176 (NSW) online application
May 30 2012 - CO allocation
Jul 16 2012 - Visa Granted! (IED Deadline: May 16, 2013)
Jan 19 2013 - Arrived in Sydney
Jan 20 2013 - Started our job hunt
Mar 11 2013 - Officially became a "HOUSE-BAND"
Apr 22 2013 - End of my "HOUSE-BAND" career
LokiJrQuezon City Posts: 2,616Member, Moderator Joined: Jan 13, 2011
@hotshot, cool hehe astig yang SMSF...ihold niyo lang pera niyo diyan...dun sa fluctuation, aggressive kasi ang asset allocation kahit nung default option so kung nakakaramdam kayo ng doom and gloom sa economy, palitan nyo lang ng capital secure option yan...
Right now, very healthy ang economy ngayon kaya ok lang maging growth intensive ang funds niyo...babawi rin yan...the up's and down's are part of the investment cycle...pag bagsak ngayon...steady lang hehe
johnvangieMelbourne Posts: 686Member Joined: Oct 14, 2013
@LokiJr active ka po sa forum? Baka pwedeng magpa free orientation sayo about paper investment :-)
Nominated Occupation : Production or Plant Engineer 233513
12/15/13 - IELTS IDP [ L : 9.0 I R :8.0 I S : 7.5 I W : 6.5 ]
01/17/14 - Submit CDR to Engineers Australia.
02/15/14 - IELTS IDP [ L : 9.0 I R :9.0 I S : 7.5 I W : 7.0 ]
05/29/14 - EA positive assessment as Production or Plant Engineer 233513
06/02/14 - EA Letter Received. Lodge EOI 65points.
06/09/14 - Received invitation to lodge Visa 189.
06/12/14 - Lodge Visa 189. Upload Docs/Form 80.
07/14/14 - Medicals @ SLEC Global.
07/15/14 - Upload NBI. (NBI Valid until July 4, 2015).
07/17/14 - CO Allocated. Team 7 GSM Adelaide ( CO : LM )
07/21/14 - VISA GRANT! Thank You Lord! IED : 07/04/15
02/06/15 - Hubby in Melbourne (Jobhunting)
03/27/15 - Me and my son in Melbourne
04/07/15 - Hubby 1st day of job
08/24/15 - My 1st day in BP, Thank you Lord God Jesus!
Enjoying the wonderful life in Oz, abundant blessings indeed :-)
magtatanong po about retirement, dito kasi sa pinas we get a one time payment and monthly pension once we reach retirement age, the prob is the amount is definitely not enough. for ex. kung ang monthly salary is already at 100k, I can expect that my monthly pension would be somewhat at 15k, the fact na ganun kalaki sahod mo ang 15k is not enought, kahit maging 20k pa un. how does retirement benefit works in australia? thanks po sa sasagot
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Comments
Posts: 64Member
Joined: Feb 20, 2013
basta may bahay ok lang nman... khit 2nd hand.
dba?
Posts: 2,616Member, Moderator
Joined: Jan 13, 2011
The only way to make use of the money to purchase property is through Self Managed Super Funds, which is an entirely different animal hehe
Posts: 64Member
Joined: Feb 20, 2013
plywood, yero saka pako lang kailangan, may bahay ka na hehe...
boss, san yan self managed super funds? Any links?
Posts: 2,616Member, Moderator
Joined: Jan 13, 2011
Madugo i-manage ang self managed super fund...4-5 members yun at kayo kayo hahawak ng trustee obligations...but at least you get to use the funds without necessarily retiring (or dying whichever comes first) hehe
Posts: 1,643Member
Joined: Nov 10, 2011
ginawa nila ito kasi medyo delekado rin daw pag nasa ibang superfund company ang pera mo. nung nagkaroon kasi ng recession, nalugi daw investments nung company so bumaba ang value ng mga pera nila. our friend lost about 25k aud from her super. after nun, sila na humawak ng super nila. hehehe
Occupation: Analyst Programmer (ANZSCO Code 261311)

May 21 2012 - lodged visa 176 (NSW) online application
May 30 2012 - CO allocation
Jul 16 2012 - Visa Granted! (IED Deadline: May 16, 2013)
Jan 19 2013 - Arrived in Sydney
Jan 20 2013 - Started our job hunt
Mar 11 2013 - Officially became a "HOUSE-BAND"
Apr 22 2013 - End of my "HOUSE-BAND" career
Posts: 2,616Member, Moderator
Joined: Jan 13, 2011
Right now, very healthy ang economy ngayon kaya ok lang maging growth intensive ang funds niyo...babawi rin yan...the up's and down's are part of the investment cycle...pag bagsak ngayon...steady lang hehe
Posts: 686Member
Joined: Oct 14, 2013
Nominated Occupation : Production or Plant Engineer 233513
12/15/13 - IELTS IDP [ L : 9.0 I R :8.0 I S : 7.5 I W : 6.5 ]
01/17/14 - Submit CDR to Engineers Australia.
02/15/14 - IELTS IDP [ L : 9.0 I R :9.0 I S : 7.5 I W : 7.0 ]
05/29/14 - EA positive assessment as Production or Plant Engineer 233513
06/02/14 - EA Letter Received. Lodge EOI 65points.
06/09/14 - Received invitation to lodge Visa 189.
06/12/14 - Lodge Visa 189. Upload Docs/Form 80.
07/14/14 - Medicals @ SLEC Global.
07/15/14 - Upload NBI. (NBI Valid until July 4, 2015).
07/17/14 - CO Allocated. Team 7 GSM Adelaide ( CO : LM )
07/21/14 - VISA GRANT! Thank You Lord! IED : 07/04/15
02/06/15 - Hubby in Melbourne (Jobhunting)
03/27/15 - Me and my son in Melbourne
04/07/15 - Hubby 1st day of job
08/24/15 - My 1st day in BP, Thank you Lord God Jesus!
Enjoying the wonderful life in Oz, abundant blessings indeed :-)
Posts: 293Member
Joined: Apr 13, 2017