What Are Investment Bonds
Why Invest in Investment Bonds? An alternative to super Unlike superannuation, investment bonds do not carry restrictions on withdrawals prior to preservation age, and do not have contribution limits. Longer-term tax benefits When a policy has been held for 10 years or more, withdrawals are […]
Ageing parents and the festive season
As we approach the end of another year, many people will be looking forward to the festive season and the chance to slow down and catch up with family, particularly older parents. Busy lives and distant homes can make it easy to feel out of […]
Easy tips to help the Christmas budget
Create Memories not Debt and Spend smart this Christmas We know many families loosen the belt at Christmas time in order to please all family members. But Christmas isn’t all about gifts it’s also about spending time with loved ones and making the most of […]
10 Most FAQs on Aged Care
When you move into residential care you will be asked to contribute towards the cost of your care but the government also pays a large part of the costs for most residents. The fees may look confusing as they are divided into four categories but […]
Centrelink – How Does The Asset Test Work?
Retirees may rely on income from a number of sources, such as super pensions and investment distributions, but the age pension is an important income source that is paid to older clients who meet age and residency requirements and is subject to a means test. […]
Why life insurance premiums are increasing.
As the world changes, having certainty about your cover has never been more important. From our research, customers told OnePath Life they found Life Insurance: Complicated Something we do not like to think about One of life’s many expenses. For this reason, I’m reaching out […]
Aged Care and the Federal Budget
Not unexpectedly, the Federal Budget handed down this evening did not introduce major structural reform to superannuation, social security, taxation or aged care. It was a Budget focussed on getting people back into jobs and encouraging infrastructure spend. With the Royal Commission into Aged Care […]
Federal Budget 2020
Originally scheduled for release on 12 May 2020, the delayed Federal Budget was released at 7:30pm on 6 October 2020, the delay having resulted from Australia’s, and indeed the rest of the world’s health and economic attention being diverted to managing the Coronavirus pandemic Last […]
Aged care and the family home
Using the family home to fund aged care can be a complicated decision, with many interdependent factors to consider. Working out what to do with your family home when you’re getting ready to move into residential aged care is one of the biggest decisions you […]
We are in a recession but what does it mean
The Covid 19 Crisis has had a very costly impact on our economy as a whole many countries have been pushed into recession including us here in Australia. But what does this mean?In Australia, a recession is often defined as two consecutive quarters (or six […]