Despite an ageing population, the “surprising and disappointing” lack of retirement product information is holding members back, an industry expert has revealed. In a media briefing, Zenith Investment Partners chief executive David Wright revealed that members approaching retirement have different needs to every other phase of...
The government has announced more than $17 billion in assistance to the underfunded aged care sector over five years. Treasurer Josh Frydenberg has announced that his government will increase aged care spending by $17.7 billion over the next five years by investing $250 million in 2020–21,...
Josh Frydenberg’s latest federal budget foresees a number of important changes to Australia’s superannuation system. While some of the big super changes included in the 2021 budget are specifically targeted at older Australians, other more general adjustments are likely to have a significant impact on the...
The 2021 Federal Budget was unveiled last night, and — as expected — is focused on creating jobs, rebuilding the economy through investment and guaranteeing essential services. Despite fairly significant spending, the deficit is still expected to fall from $161 billion in 2020/21 to $57...
The majority of Australians believe in raising the aged pension as well as lifting the rate of superannuation to 12 per cent as they worry about having enough in retirement, new research has revealed. Survey data of 3,500 adults by Australian National University found that seven in...
I am often asked how the Age Pension Income Test and Assets Test inter-relate with each other when a person’s age pension entitlement is determined? The simple answer is that both tests are applied separately to a person’ s circumstances. The test which provides the lowest Age Pension entitlement,...
Income Test and Assets Test – what is the relationship? We are often asked how the Age Pension Income Test and Assets Test inter-relate with each other when a person’s age pension entitlement is determined? The simple answer is that both tests are applied separately to a person’ s...
The government is being urged to consider a 1 per cent aged care levy to help pay for the underfunded sector following the release of the aged care royal commission findings. The aged care royal commission last month found a decades-long string of reports and inquiries exposing...
Clients have many misconceptions around their superannuation and this can impact on how they plan for the future. The right questions can prompt a broader conversation on the benefits of estate planning. Many clients naturally assume that their superannuation will be paid in accordance with their...
When it comes to planning for retirement, it’s important to prepare yourself emotionally and financially. If you’re building your retirement plan, here are some things you may want to think about. You may need to fund a longer retirement Australians are living longer so more of us...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.