With the end of 2018 approaching, we would like to draw your attention to some things worth considering in relation to you, or your family’s needs, involving access to Government benefits and/or accessing aged care services. As always, we are here to assist you. If you have any questions about Read more…
As we approach the end of the 2018 financial year, we would like to highlight some superannuation related issues worth considering. We are here to assist you and if you have questions, or you would like to explore opportunities in your own year-end superannuation planning, please don’t hesitate to contact Read more…
Amongst the changes in the 2016 Federal Budget was legislation to remove tax concessions for transition to retirement pensions (TTRs) and bring them closer to their purpose of providing income to members as they transition to retirement. The new rules removed the tax exempt status that TTRs have long enjoyed Read more…
Many readers will be familiar with a popular superannuation strategy referred to as ‘transition to retirement’. However, with the superannuation reforms that were introduced from 1 July 2017, some are questioning whether the transition to retirement is still a viable strategy. Background Back in 2005, changes to superannuation legislation allowed Read more…
“When you consider the increase in renting costs, it highlights the need for increasing numbers of retirees to have much greater super balances to support a reasonable retirement.” Sydney-based retirees who rent privately may have to save more than four times the amount of superannuation if they expect to live the same lifestyle as homeowners Read more…
Retirement may be a journey rather than a destination, but the cost of the ticket varies widely depending on where older Australians live. Where the median 65-69-year-old retiree lives can affect their annual spend by more than $10,000 a year according to the Q1 2017 Milliman Retirement Expectations and Spending Profiles report. The data, which analysed the real-world Read more…
The world is changing and retirement is changing with it. A recent global survey conducted by HSBC (The Future of Retirement Shifting Sands 2017 by HSBC Holdings plc) has found that overall, around two-thirds of working age people are concerned about declining state pensions/social provision and the growing number of older people requiring retirement funding/support, Read more…
Overview The traditional approach to retirement has been relatively straightforward – to save and invest as much as you can, for as long as you can, starting as early as you can, to accumulate enough retirement savings that you no longer need to work, and instead can enjoy a life of leisure. For those who struggle to Read more…
Aged Care Not That Easy! By Mark Teale For children who live far away from mum and dad, and only visit at Christmas, the vision of their parent’s declining health may be quite a shock. Ageing’s toll on individual health becomes a family issue – which can’t be ignored. For Read more…
Retirement village living can often enable you to get into a newer home that is more suited to your lifestyle, at an affordable price. A unique advantage of retirement village living is, in many cases, the ability to defer a large part of the cost until after you leave a village. However, a retirement village is usually not Read more…
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