Which is more precious…?

By admin • December 4th, 2018
It’s the middle of the night and you’re jolted awake by extreme pain in your chest. You feel like the life is being crushed out of you and immediately realise you’re having a heart attack. Your partner frantically calls 000 and as you lay clutching your chest waiting for the ambulance to arrive all you […]

What is the pension loan scheme?

By admin • December 4th, 2018
Currently 1.8 million Australian homeowners receive some level of age pension, with around 700,000 on a part pension. What many of these part-age pensioners may not know is that, along with recipients of the disability support pension, carer payment and some other Centrelink payments, they are able to access some of the equity in their […]

Early access to super

By admin • December 4th, 2018
We all know that our superannuation is there to provide for our financial needs in retirement. That means we can’t usually access our super until we reach preservation age and meet a condition of release. Preservation age is between 55 and 60, depending on date of birth. It is the age at which you can […]

Buy now; pay later; manage carefully

By admin • November 28th, 2018
Before heading off on an overseas holiday, Sam decided to buy an expensive new camera to document his travels. The camera store offered a ‘buy now, pay later’ option, and attracted by the ‘no interest’ promise of the credit provider, Sam signed up. All was well to begin with. Sam had a great time on […]

Rentvesting: the not-so-new phenomenon

By admin • November 28th, 2018
At first glance it seems like a strange thing to do: rent out a property that you own while paying rent to live in somebody else’s place. Yet this phenomenon of ‘rentvesting’ is proving popular, driven by a mix of lifestyle and financial factors. Why do it? A prime reason to rentvest is to get […]

Placing your family wealth in trust

By admin • November 28th, 2018
The basic function of a trust is to separate control and ownership. The result of using a trust is that assets are protected and profits are distributed in the most tax-effective way. There is no ‘one-size-fits-all’ type of trust. The trust you use depends on many factors, such as the type of asset or business, […]

Qualifying for the Commonwealth Seniors Health Card

By admin • August 31st, 2018
The Commonwealth Seniors Health Card (CSHC) provides eligible self- funded retirees and workers over pension age with concessions on prescription medicines and a range of other benefits, such as: • Bulk-billed doctor appointments (at the doctor’s discretion). • Lower PBS Safety Net threshold. • Concessions on health, transport and education costs provided by state governments. […]

The role of estate planning in super

By admin • August 31st, 2018
If you are thinking that a so called ‘Self-Managed’ superannuation fund (SMSF) might be suitable for you, one of the critical areas to address in the set-up phase is how your super account balance will be handled when you’re no longer here. We have outlined below some points that must be part of your estate […]