Tag: Retirement Planning

Boost your spouse’s super and reduce your tax

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If your spouse is on a low income, you may be able to make contributions into their super account to reduce your tax payments. This contribution is known as a ‘non-concessional contribution’ and will form part of the tax-free component of your spouse’s super account. Find out if you can reduce you tax in this way here.

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Aged care at a glance

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Making the right aged care decisions can make a huge difference to you or your loved ones’ emotional well-being and long-term financial security.

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Keep the home and reduce aged care costs

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Moving into an aged care facility is an emotional and stressful time, especially when decisions need to be made about how to fund upfront and ongoing expenses and whether to sell assets like the family home.

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Maintaining your account based pension and seniors card

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Significant increases in Account Based Pensions balances or deeming rates can impact on your eligibility for the Commonwealth Seniors Health Card.

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Maximising your Centrelink pension

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Figuring out how to maximise your Centrelink/Department of Veterans Affairs pension and how your financial assets are treated can be confusing.

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Options to fund aged care

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Moving into an aged care facility is an emotional and stressful time, especially when decisions need to be made about how to fund upfront and ongoing expenses and whether to sell assets like the family home.

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Purchase an aged care annuity

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If you or a loved one are thinking about moving into residential care, it’s worth thinking about investing in an aged care annuity, which provides a guaranteed income stream.

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