Buyer’s Guide: What To Consider When Downsizing Your Home
Downsizing is a great way your can ensure your residence matches your current lifestyle needs. Plus, it’s a way to free up equity for others investments, major purchases, or retirement.
Important Information – Centrelink Assets Test Change
As you may be aware, the federal government in the last budget signalled significant changes to how your entitlement to the aged pension is calculated under the “assets test”. These changes are due to come into effect from 1 January 2017.
Are You Maximising Your Tax Claims? It Might be Time To Use An Agent
With tax lodgment due dates approaching, you might be wondering whether you should use a tax agent to prepare your return, or attempt doing it yourself. Whether you have simple or complicated tax matters, it’s well worth considering a tax agent – the one-off cost of having a professional prepare your return is most likely…
What the 2016 Federal Budget Means for Pensioners
In May 2016 the Coalition’s federal budget was announced. The proposed changes, which are contingent on the Coalition government being re-elected and the legislation being passed, include a $1.6 million limit on pension phase balances and new concessional contribution rules. In all, there are a few changes that could significantly impact pensions, retirees, and older…
Changes to SMSF Compliance and Regulations in 2016
The superannuation announcements of the 2016 Federal Budget outlined major changes to superannuation regulations in Australia, but these changes will only have the chance to be passed in law if the Coalition is re-elected in July 2016. If so, these changes will likely take effect from July, 2017. Nevertheless, it’s a good time as the…
Financial Planning For Retirement
When the time comes to retire, it pays to be prepared, and financially planning for your retirement is as important as it gets. And the reality is, it shouldn’t stop when you say goodbye to your day job.
Managing Your Money Abroad
No matter what your purpose or reason for travelling overseas, it’s essential you plan your finances carefully. Not just to ensure you have adequate finances to fund your trip, but also because your journey – whether it’s temporary, extended or permanent – might have tax implications and can otherwise affect your financial future. Travelling on…
Is Planning for Retirement your New Year’s Resolution?
Everyone comes into retirement differently, with different needs and different expectations. The only common factor for those approaching retirement? Planning is crucial. It is essential to have a solid idea of how you want to live in the years following retirement, and the financial income that will be needed to accommodate the lifestyle you envisage.
What Types of Insurance Should a Senior Have?
There are several types of insurance that every senior should have, and it’s important to understand why. We’ve taken a look at the most important here.
Changes to Self Managed Super Funds in 2015
A self managed super fund (SMSF) can be a great way to run your own superannuation investments and retain control over assets and decisions. However while there are a number of upsides for the right clients when it comes to running a SMSF, one of the downsides is that you – as the trustee – are completely responsible for the fund. This can become a little more complicated when there are changes to existing legislation, so it’s vital that you always remain aware of the rules and any amendments that occur. With the Federal Government’s budget repair strategy, there have been a number of key changes in the 2015 tax year that should be noted.