I am often asked what the Commonwealth Seniors Health Care Card (CSHC) is, what the benefits are for a card holder, and how to apply? The CSHC entitles you to access medications listed under the Pharmaceutical Benefits Scheme at a cheaper rate. bulk-billed doctor visits (if offered...
Am I receiving my correct age pension entitlement? It is a question that is often asked. Unfortunately, it is not always fully explained by the correspondence from Centrelink or Veterans Affairs. Why am I talking about this issue now? On 20 March 2021 - last Saturday – the...
Australians could draw down more on their superannuation balances, as well as access the equity in their home upon retirement, instead of sacrificing today’s wealth through increasing the superannuation guarantee, government research has revealed. The long-awaited release of the retirement income review (RIR) revealed that many...
The government is being urged to ignore the “self-interest” of the superannuation funds and pass the Your Future, Your Super reforms to help members pocket an extra $50,000 in retirement. Super consumers are calling for the government to pass through the hotly debated changes to superannuation,...
Given the current investment outlook, we explain why income focused retirees need to rethink how to earn enough income to meet their spending goals. What are your plans for your retirement years? Are you, like most, working towards financial independence, when you can shed the responsibilities of...
If you’ve thought about how much money you need to save so you can retire comfortably, it might feel a little daunting. Maybe so much so, you’d rather not think about it at all. But, according to AMP Technical Strategy Manager John Perri, there are three...
We all hope that when we retire we’ll have the time to focus on being as healthy as possible. But unexpected issues and illnesses arise, with recent researchi estimating that an Australian couple will spend an annual cost of between $4,975 and $9,900 on healthcare once...
The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone. Currently you can transfer a maximum of $1.6...
The cost of retirement for Australians has gone up, with the increases in health insurance and domestic holiday prices, according to the Association of Superannuation Funds of Australia’s (ASFA) latest figures.
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While it may seem advantageous to purchase a retirement property through an SMSF, SMSF clients need to be very careful that these types of transactions don’t breach the sole purpose test, a law firm has warned. In an online article, Townsends Business & Corporate Lawyers solicitor...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.