Attempts to avoid the proposed tax on the earnings of super balances above $3 million or land taxes could leave self-funded retirees exposed to back-dated claims and ATO audits.
A weakness of the super sector is the number of funds that take DIY literally and shun professional input. But this might be changing as a growing number of new funds reach out for a helping hand.
A seaside secret that no retiree regrets discovering
While the rest of the world spins around it at a breakneck speed, Penguin, on Tasmania’s northwest coast, offers something rare – time to breathe, space to stretch and a community where everyone still says ‘hello.’
This picturesque coastal town is fast becoming a favourite among retirees seeking a more relaxed, meaningful way of life. But what is it about Penguin that makes it such an appealing choice for a seachange?
The answer lies in the combination of natural beauty, strong community spirit, affordability and ease of living that defines this little town with a big heart (and a fondness for its black-and-white namesake).
The charm of coastal living: As the name suggests, Penguin embraces its coastal identity with pride. The town hugs Bass Strait, offering uninterrupted ocean views, fresh sea air and a mild maritime climate that never gets too hot or too cold. Imagine morning strolls along the esplanade, watching penguins come ashore at dusk, or enjoying fish and chips with your neighbours on a park bench overlooking the water. Life here flows to the rhythm of the tides.
Unlike busier seaside spots on the mainland, Penguin feels untouched by the over-development that plagues many coastal towns. Its clean beaches, heritage buildings and well-tended public spaces offer a perfect mix of simplicity and charm. For retirees wanting to reconnect with nature and enjoy life at a gentler pace, it’s a setting that’s hard to beat.
A true sense of community: One of Penguin’s most remarkable qualities is its deeply rooted sense of community. It’s the kind of town where people still know their neighbours, volunteer at the local op shop and stop for a chat in the street. For many retirees, particularly those moving from larger cities, that sense of belonging is priceless.
The town supports a wide range of community groups and social clubs, from gardening and craft groups to walking clubs and book circles, making it easy to meet like-minded people. The Penguin market, held every Sunday, is a local institution and a perfect way to connect with the community, discover regional produce and enjoy live music and crafts.
Affordable and comfortable living: Compared with many mainland retirement hotspots, Penguin remains remarkably affordable. Housing is modestly priced, whether you’re after a charming weatherboard cottage, a seaside unit or a small acreage on the town’s leafy outskirts. The lower cost of living means your retirement savings stretch further – without compromising on quality of life.
Tasmania’s growing popularity hasn’t yet pushed Penguin into the high-demand category, which makes it an ideal time to consider a move before prices climb. Retirees are also well supported by local aged-care providers and home support services, with Burnie offering expanded medical and health care options just 15 minutes away.
Everything you need, just minutes away: Although small, Penguin has everything a retiree might need, including being incredibly walkable. With flat terrain, well-kept footpaths and compact streets, it’s easy to run errands on foot or enjoy a scenic loop around the foreshore and town centre. Public transport options are limited, but for many locals, a car isn’t essential for day-to-day life.
Nature on your doorstep: Nature lovers will find endless joy in Penguin’s surroundings. Apart from the pristine beaches and dramatic cliffs, the hinterland rises gently into fertile farmland and forest reserves. Short drives open up a world of hiking trails, waterfalls and wildlife reserves.
The nearby Dial Range is perfect for day hikes, while the Lillico Beach conservation area, which is just 10 minutes east, hosts a nightly parade of little penguins. For more structured activity, the Penguin Mountain bike park and the golf course offer healthy ways to stay active and social.
