An extra 50,000 Australians will receive the FULL Age Pension from 1 January 2017, and at least 326,000 Australians will lose some or all Age Pension entitlements from 1 January 2017.
Unfortunately we have had a number of insurance claims over the past 2 years especially, with regards to trauma insurance for clients aged 44-67 totaling in excess of $4,000,000. But unfortunately insurance claims don’t just affect older clients but sometimes the very young.
In our opinion, trauma insurance is one of the most important insurance contracts that our clients should have. Over the past 4 years we have had several trauma insurance claims ranging from a $180,000 partial claim to $1,000,000. This has prompted me to write the following article on Trauma Insurance and the logical approach to how much cover is enough cover. Thankfully we have never had a trauma insurance claim not paid.
Self-managed superannuation (SMSF) trustees, who are more likely to be receiving financial advice than non-trustees, are more confident they will meet their retirement needs compared to non-trustees, according to research.
Let’s explain why marriage should prompt you to re-visit your estate planning.
Marriage should be an immediate trigger to review clients’ estate planning.
Given that many people get married later in life, and marriages often involve children from previous relationships, estate planning issues around this can be particularly complex.
You are permitted to invest in Residential and Commercial Property in superannuation but only in an SMSF. In relation to investing in Property for your SMSF, there are very specific rules and Regulations that must be adhered to and we strongly suggest that you familiarise yourself with them when contemplating purchasing Property for your SMSF.
You would have heard the saying: “where there’s a will, there’s a way”.
This statement is usually used to encourage people who are losing enthusiasm for a task or goal.
But it also reflects the way many people feel about estate planning. They think that so long as you have a Will, you have a way to ensure your wealth is passed correctly to your loved ones.
20 July 2016 by Malavika Santhebennur
Owning Shares Made Easy
Privilege Managed Accounts let you own direct shares without all the usual administration. They come with the added benefits of being professionally managed, cost effective and can also provide access to investments not normally readily available to individual investors.
169 Victoria Parade, Fitzroy,
03 9111 2675