An EPOA should always be considered in the wider context of an estate plan

From

An Enduring Power of Attorney (EPOA) is a document where a principal (a person or company) appoints an individual or individuals (called the attorney) to act for the principal in relation to financial affairs, property matters and, in some States, lifestyle matters such as medical treatment or where the principal lives and how they should […]

continue reading

Rethinking the adequacy of retirement planning

From

When taking into account the costs of aged care, the current retirement planning approach taken by many advisers may fall short of predicting the real retirement income needs and leave clients with significant shortfalls. Financial planners need to adapt their approach to retirement planning to ensure their service meets the real needs of their clients. […]

continue reading

A Super chance to talk aged care

From

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 […]

continue reading

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

From

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 […]

continue reading

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

From

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 […]

continue reading

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

From

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 […]

continue reading

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

From

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 […]

continue reading

The aged care client value proposition is key to business success

From

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 […]

continue reading

Living Wills and their role in Estate Planning

From

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 […]

continue reading

Credit specialist launches aged care loan product

From

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 […]

continue reading