The impact of 1/1/17 Centrelink changes for those in Aged Care

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The impact of 1/1/17 Centrelink changes for those in Aged Care

centre link changes

Much has been written about the effects of the changes to the asset test assessment from Jan 1st 2017 for those receiving the Aged Pension.  There is another section of the retired community that hasn’t had the same publicity:  those people in Aged Care.  Their situation is quite different because they have existing agreements with […] Read More >

The lesser-known Super Estate Tax

Using Superannuation to buy investment property

Many people we deal with are blissfully unaware that their super beneficiaries may end up paying a large amount of tax on their account balance when they pass away.  This applies to all people but particularly those who have relied upon their employer mandated contributions or made personal deductible contributions, such as small business owners. […] Read More >

How to play catch-up with your super

Super | Every bit counts

Planning for Prosperity’s Daniel Budreika was quoted in this article on How to play catch-up with your Super Daniel pointed out that ‘every bit counts’: Consolidate multiple super funds to avoid paying high fees Use Salary sacrifice to make extra contributions because it comes with tax benefits Lower income earners can qualify for the government’s super co-contribution […] Read More >

Grandparents that gift to their grandchildren

Grand parents gifting

Bob Budreika was recently quoted in a News.com.au article on grandparents who gift to their grandchildren “People aren’t aware that you can have superannuation for children — there is no age minimum,” Budreika says. The super option isn’t for everyone, because the grandkids won’t be able to touch it until at least age 70 based on […] Read More >