Major reforms to the aged care system are set to kick in on 1 July 2014. The financing arrangements have been revised, and will affect those who enter residential aged care on or after this date. Those who enter before that date will continue under their existing arrangements. If a family member … [Read more...]
posted on December 23, 2013 by
Nelson Mandela
Given the great man’s death this past week, it can be worthwhile to consider some of his quotes which are relevant now and into the future: “Education is the most powerful weapon which you can use to change the world”. “No one is born hating another person because of the colour of … [Read more...]
posted on December 23, 2013 by
Aged Care Reform
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...]
posted on September 19, 2013 by
Express Families Phone App
This is highly recommended if you have anything to do with Centrelink and have a smart phone. Please click on the link below to find out more detail about the Express plus services App: http://www.humanservices.gov.au/customer/services/express-plus-mobile-apps … [Read more...]
posted on September 19, 2013 by
Paul Jordan
Recently our business was hit with a major cash flow problem. Stephen came up with the solution that by utilising our superannuation funds, we were able to retain all our assets and inject the necessary capital into our business. We have used the services of Lister Mason (& Customised Financial … [Read more...]
posted on September 19, 2013 by
John & Eva Black
A one-stop shop for us to handle all our business and taxation needs as well as financial planning needs through Customised Financial Planning. We have been with Lister Mason for well over 20 years and have trusted them to always look after our best interest. They helped us transition from running a … [Read more...]
posted on September 19, 2013 by
Val Bronson
I have been a client of Customised Financial Planning for many years, and cannot thank them enough for the excellent guidance and management of my investment funds. Being in my senior years I needed confidence and reassurance that my capital would be secure and most importantly, provide an income … [Read more...]
