A Super chance to talk aged care

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Over the coming months financial advisers will meet with most of their clients to explain the changes to superannuation that take effect from 1 July 2017, to discuss the impact on each client individually and determine actions they need to take. We strongly recommend that advisers use this opportunity to broaden the conversation to include […]

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Seniors need to carefully consider their options under the new Assets Test

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Seniors should consider their situation carefully if they find their Age Pension has been adversely impacted by the new Age Pension Assets Test that comes into effect on January 1, 2017 said Peter Szabo, Managing Director of Homesafe Solutions. Commenting further, Peter Szabo said, “It’s been estimated that over 300,000 Age Pensioners will have entitlements […]

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What is the pension transfer balance cap and how does it operate?  

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In late September, the government released the second tranche of proposed superannuation changes, which covers the pension transfer balance cap, concessional contribution changes, catch up concessional contributions and the removal of the earnings tax exemption for transition to retirement pensions.  This article will focus on issues surrounding the pension transfer cap. What is the pension […]

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Age Pension – Asset thresholds and taper rates that apply to the Age Pension asset test will change on the 1st January 2017

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The asset thresholds and taper rates that apply to the Age Pension asset test will change on the 1st January 2017 and will affect all pensioners who are asset tested or become asset tested. Whilst the asset free area is increasing, the upper threshold reduces from that date meaning fewer people will qualify for a […]

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Aged Care Steps reaches the milestone of training 1,000 professionals

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Increasingly, advice professionals are building their knowledge and skills to deliver effective aged care solutions for clients. Louise Biti, Director at Aged Care Steps said “We are proud to celebrate the milestone of training 1,000 professionals on aged care”. Our Accredited Aged Care ProfessionalTM program in particular has given professionals the confidence to provide aged […]

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The aged care client value proposition is key to business success

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Organising a move into residential aged care is a stressful and emotional time for an older person and their family. Building an advice service model that enables clients to outsource some of this stress is key to an adviser’s success. “Overwhelmingly, people helping their parents with a move into care will be struggling with a […]

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CPD: Living Wills and their role in Estate Planning

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There can be few situations as distressing as the need to make hard decisions about the end of life of a loved one. When life – of any reasonable quality – can no longer be preserved, at what point should measures to prolong that life cease? These questions become particularly relevant where a person is unable to […]

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Credit specialist launches aged care loan product

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Credit specialist, La Trobe Financial, is pleased to announce a new and innovative Aged Care Loan product further cementing its broad specialist product suite credentials. As the ageing population rapidly grows in Australia, approximately $3 billion per annum is already required to fund individuals moving into aged care facilities. Such deposit, known as the Refundable […]

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The secret bond option for grandparents

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Grandparents are increasingly utilising insurance bonds to leave bequests to their grandchildren that are beyond will disputes. Case study – Grandparents passing assets direct to grandchildren, bypassing their wills: Seventy-year old Geoff slumped into the armchair and look resignedly at the ceiling. “No one ever said being a parent would be easy. But I thought […]

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Elder abuse: Planners need to recognise the warning signs

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Changes in your elderly client’s personality, an indication that the client is becoming increasingly reliant on others, or seeing other people increasingly speaking on behalf of your elderly client and not wanting you to contact them, are all warning signs that elder abuse could be occurring, says Anna Hacker, National Manager – Estate Planning at […]

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