The new cost of being comfortable

2017 Assets Test Changes: What You Need To Know

Changes to the assets test have come into effect as of 1 January 2017 and could impact anyone who qualifies for the age pension. If you are currently 65 years of age or more, you must undergo an income test and an assets test in order to determine whether you are eligible to receive an…

Why Insurance Is Important – Real Benefits For You and Your Family

Insurance is all about protecting what you have now and what you need to have in the event of the unexpected. As you travel through life, the protection you need is likely to change.  The key to selecting the right insurance is understanding your present needs and making sure you have both the right sort…

How Super Contributions Caps Work

One of the most tax-effective ways to boost your retirement savings is to put additional money into your super – and once you know how the caps on super contributions work, you can take advantage of the available tax concessions. This makes sense as, by staying within the super contributions caps, you can reduce the…

7 tips for enjoying a financially stress free Christmas

It can be hard to manage and keep track of your expenses when Christmas is creeping closer and closer and we are all trying to juggle end of year parties and get-togethers with family and friends. Here is a seven step plan to help manage your finances over Christmas so the start of 2017 can…

Start saving early and let compound interest grow your retirement nest egg

With the current debate surrounding the Government’s proposed changes to superannuation contributions caps focused on tax rather than outcomes, most super fund members should instead be concentrating on maximising their investment returns to achieve an adequate retirement income, according to Rice Warner research.1 The analysis demonstrates that a balance of $1.6 million (the Government’s new…

Redundant? Get ready for what’s next

Redundancy is never easy — but you can take steps to be emotionally and financially prepared. In the current economic climate, many Australians have faced unexpected redundancy, as companies look for ways to make cutbacks in costs. If you’re one of them, it’s important to remember that redundancy is never about you — it is…

Are you prepared for changes to the Age Pension assets test?

How the assets test will work in 2017 could increase your Age Pension entitlements, or take some or all of them away. With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected. These thresholds…

Are you part of the sandwich generation?

The ‘sandwich generation’ is a term used to describe people typically in their 40s and 50s who are caught between the demands of caring for ageing parents as well as their own dependent children.  The term was originally coined for baby boomers in the 80’s and 90’s who married and had children later than their…

How do transition to retirement strategies work?

Even if you’re nearing retirement age you might not be looking to leave the workforce just yet. Maybe you want to save more money or perhaps you enjoy the interaction and mental stimulation. Whatever the reason, a transition to retirement (TTR) strategy could provide financial flexibility as it enables you to access a portion of…

The new Australian lifestyle isn’t so average

Overseas holidays, new cars and having the latest technology aren’t considered luxuries anymore, but are standard lifestyle expectations of the new ‘average’ Australian, according to research by MLC. It’s all about what we define as average, and it’s not so average anymore, with Australians’ perceptions of a middle class standard of living shifting significantly upward…