I just got a confusing letter from my super fund

In May 2019, superannuation fund trustees started writing to selected members of their funds informing them the insurance cover held in their super account may be cancelled. This can have serious consequences for fund members if not addressed promptly. The action being taken by the super funds is as a consequence of legislation that was ...

Things retirees fear

Recently I was having coffee with a friend. While we were talking, he asked me a rather unusual question. That question was: ‘What did I think people approaching retirement, and those already retired, feared the most?’ It got me thinking. In my day job I work with a lot of financial planners that have clients who range ...

Aged Care Revisited

I continued to ask on a very regular basis both inside and outside my work environment about the complexities of residential aged care. So, I thought I would take the opportunity in this week’s blog to quickly do a recap on some of the issue and try to explain the basics. When a person is ...

Is Transition to Retirement Still Viable?

As many readers will be aware, legally getting access to superannuation before retirement can be a rather difficult. But, back in 2005 things were made just a little easier. Superannuation law was amended to allow people to access their super from preservation age – currently 55, but progressively increasing to 60 – without having ...

Pensioners living in million-dollar homes!

By Thursday, March 7, 2019 0 No tags Permalink 1

As many readers will be aware, the family home is exempt from means testing for Social Security benefits, including the age pension. But this hasn’t always been the case. When the Commonwealth first introduced the age pension back in 1909, the family home was included as an asset. However, in 1912 the Government of the ...

 

The information contained within this website is provided in good faith. Any information is provided as a general guide only and does not take into account the objectives, financial situation or needs of any individual. Accordingly before acting on any advice or information contained within this website you should consider the appropriateness having regard to your specific individual objectives, financial situation and/or needs. Whilst every effort has been made to ensure the accuracy of the information, no liability shall be assumed on any ground whatsoever with respect to decisions or actions taken as a result of acting upon such information. We strongly recommend that independent professional advice be obtained and additionally a copy of any relevant Product Disclosure Statement before making any decision about whether to acquire a particular financial product.