While we are on the topic of retirement, it is worth considering these interesting and sometimes surprising facts about retirement. The pension age is set to rise. By 2035, you’ll need to be 70 before you can qualify for the Age Pension.[1] What does Australia’s ageing population mean for your retirement? In the next 20…
The Federal Government has announced changes to the Farm Management Deposits (FMD) Scheme, which come into place from 1 July 2016. Key changes include doubling the amount that may be held in FMDs and allowing the use of FMDs as a farm business loan offset. Enhancements to the FMD Scheme include: Doubling the FMD cap…
A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, capping tax-free assets in retirement and a lifetime limit for non-concessional contributions are just some of the changes that were in the Budget announcements this year to impact superannuation. These changes may impact your SMSF and retirement planning and require you…
Many people don’t know where to start when it comes to personal insurance… I can help you create a plan which outlines the types of personal insurance that may be appropriate for you depending on your current stage of life. If you’re accumulating wealth… The key to building up your wealth, whether through regular saving,…
In the next 20 years potentially over 100,000 more people will retire each year. In the last financial year alone the number of people over 65 years of age had increased by over 100,000.[1] Further, the Intergenerational Report released by the Federal government in 2015, estimates that the number of Australians over 65 will double…
Buying a life insurance policy appears fairly straight forward, but have you really considered, and articulated, what should happen to your payout if something were to happen to you? Buying the most appropriate life insurance cover is only part of the story. Read on for the important ‘next steps’ you need to take. A recent…
It’s important to know that a Will only covers personal assets. Without an appropriate Estate Plan, the fate of any wealth that falls outside those parameters could become the subject of legal action. For rural families, estate planning is often complex as farming businesses are passed from one generation to the next. An Estate plan…
The Australian Scholarships Group[1] recently announced that Australian parents could soon be paying up to $65,829 to educate a child at a government primary and secondary school. For average families of two or three children this represents a significant financial commitment for many Australian families. According to Phillip Dibben from Active Financial Management an Authorised…
How long could you survive without an income before needing to sell your assets? Does your insurance cover meet your personal insurance needs? According to a White Paper completed by a leading insurance provider, a worrying trend is emerging around misunderstanding by Australians in regard to personal insurances. It’s an issue that could affect the…
What if something happened to you or your business partner and one of you were unable to continue running your business? A buy-sell agreement may be the solution you need for your rural business to protect your livelihood should you or any of your partners pass away or experience a trauma or disability. This legally…