One of the key tasks for anyone assisting an elderly relative with the move into aged care is to investigate the various fees and charges, some of which are subject to both assets and income means tests. As the family home is often the largest asset and can be a source of income if rented […]
Superannuation: Preserved but not forgotten
It is important to be aware of exactly when and how you can access your super, and what you can do in the meantime to make sure it is working to your advantage. PRESERVED UNTIL WHEN? The super rules state that you can’t generally get your hands on your benefit until you meet at […]
Protect Yourself Through Superannuation
The attractiveness of superannuation as an investment and savings vehicle is well known. As we mentioned earlier, although the federal government places limits on the amount of tax-effective contributions we can make, the ability to structure insurance arrangements through super remains. HOW DOES INSURANCE THROUGH SUPER WORK? The types of insurances considered here are […]
Super, It’s Not Really a Sacrifice
If you are earning more than you need to live comfortably, salary sacrificing may be an attractive option to reduce your tax, boost your superannuation and prepare for a more comfortable retirement later on. Salary sacrificing simply involves having part of your salary paid into a superannuation fund by your employer rather than receiving it […]
