Leading up to the Global Financial Crisis, strong share market returns (2002-2007) and the loss of favourable Centrelink assessment (5O% assessable in 2004 and 100% assessable in 2007) resulted in annuities falling out of favour.
Making decisions about a loved one's transition into Aged Care can often be fraught with uncertainty and require information and assistance which is not always easily accessible. Recently we were able to help Greg* with the aged care needs of his grandmother for whom he is acting Power of Attorney. This is his story.
When it comes to insurance, it pays to know how a claim is processed. It simply makes sense to know what you’re entitled to if and when it comes to claiming on the policy you have been paying premiums for.
From 1 July 2018, if you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home. I will explain what it is, how it works and a strategy to save a ridiculous amount of tax.
The Reserve Bank of Australia (RBA) last raised interest rates way back in November 2010. Given the length of time that has passed, this article discusses some of the different impacts on rising rates.
A few weeks ago I received an anxious call from a client who needed to withdraw some money to pay off their credit card. They were left with a hefty hospital bill while they were travelling abroad. It reminded me of the time I landed myself in a foreign hospital.
It is concerning that we continue to hear about cases of financial abuse of our older Australians although I am certain that the vast majority of those reading this who care for an elderly parent/ relative or friend are well intentioned.
With all of the publicity surrounding the big players in the financial advice space, I thought it timely to share my experiences and observations from working for a large financial institution, and also being associated with another, prior to joining Goldsborough.
It has likely been a challenging few weeks for the PR departments of the major banks with the Financial Services Royal Commission turning the spotlight onto the poor practices associated with the Financial Planning divisions of Australia's largest financial institutions.
If death and taxes are the two certainties in life, we love talking about taxes (especially how much we dislike them), but avoid discussing death. Unfortunately, death and estate planning are necessary conversations!
There’s been some media commentary recently about the ATO ‘cracking down’ on holiday home owners who wrongly claim tax deductions on properties that are used for their own personal holidays.
You know that feeling you get when your alarm jolts you out of a deep sleep? It’s a combination of shock, denial and disbelief.
It's been years in the making but real time bank transfers via the New Payments Platform (NPP) between Australian financial institutions is gradually being rolled out this year.
The thought of retirement can be a daunting prospect. There are so many considerations and unknowns particularly around investment markets and how they will perform in the early years of retirement.