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Retirement and purchasing a house in Aussie (Singapore VS Australia)

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  • beth_logginsbeth_loggins Singapore
    Posts: 64Member
    Joined: Feb 20, 2013
    hehe sa pinas pa rin ako.. ipon ipon. uwe.
    basta may bahay ok lang nman... khit 2nd hand.
    dba?
  • LokiJrLokiJr Quezon City
    Posts: 2,616Member, Moderator
    Joined: Jan 13, 2011
    Di kayo puwede bumili ng investment property gamit ang superannuation a...the funds saved there is subject to conditions of release...

    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
  • beth_logginsbeth_loggins Singapore
    Posts: 64Member
    Joined: Feb 20, 2013
    dami talaga pautot.. sa pinas, pwede ka mag tayo ng bahay kahit saan,
    plywood, yero saka pako lang kailangan, may bahay ka na hehe...

    boss, san yan self managed super funds? Any links?
  • LokiJrLokiJr Quezon City
    Posts: 2,616Member, Moderator
    Joined: Jan 13, 2011
    http://www.ato.gov.au/superfunds/pathway.aspx?sid=42&pc=001/149/030&mfp=001/149&mnu=49150#001_149_030
    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
  • hotshothotshot Sydney
    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
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    Mar 11 2013 - Officially became a "HOUSE-BAND" :)
    Apr 22 2013 - End of my "HOUSE-BAND" career :)

  • LokiJrLokiJr Quezon 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 :D
  • johnvangiejohnvangie Melbourne
    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
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    Enjoying the wonderful life in Oz, abundant blessings indeed :-)

  • PMPdreamerPMPdreamer Mandaluyong
    Posts: 293Member
    Joined: Apr 13, 2017
    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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