Complex changes to residential aged care come into operation on the 1st July 2014 – the changes will not generally affect existing residents in facilities at that time. The proposed changes relate to four main areas: Reviewing the distinction between high and low care Changes to the levels of … [Read more...]
posted on December 23, 2013 by
Four Steps to Worry Free Aged Care
If you, or one of your loved ones, are ready to move into aged care, it’s worthwhile learning a little about the process. There are four key steps to worry-free aged care. Take them one at a time and you can minimise worries and reduce the stress of what can be an emotional … [Read more...]
posted on September 19, 2013 by
Should My Super Pension Be Reversionary to my Spouse?
The simple answer to this is not necessarily! The historical thinking on this was that it was always best to make a pension reversionary to your spouse. This meant that when the pensioner dies, the surviving spouse can continue to receive the tax advantaged (usually tax free) income and the … [Read more...]
posted on September 19, 2013 by
“Franking” – What Is It?
One of the benefits of investing in shares directly or via managed funds, is receiving dividends which have franking or tax credits attached. A franking credit represents the tax paid by companies and then passed on to you as an investor. It may reduce your income tax with any leftover credits … [Read more...]
