Pension Loan Scheme for Retirees

I thought it might be useful to let families know of the possible use of the expanded pension loan scheme (The Scheme) that is effective as of 1/7/19. It is a ‘reverse mortgage’ arrangement provided by the Government. It is available for people of age pension age who have property assets and who wish or […] Read More

Estate Planning & Superannuation – Who do you NEED in control of your SMSF?

We have written many articles and presented several sessions at our client seminars on these issues over the last few years to demonstrate the complexity involved with getting older, incapacity and death of members in an SMSF. A case in the Supreme Court of Queensland last year (Narumon Pty Ltd as trustee for John Giles […] Read More

Superannuation Planning – What is happening / What might happen??

Peter Cramer, Kerry Schultz and myself recently attended the SMSF Association National Conference in Melbourne. We spent some time reviewing the status of a couple of policy announcements from last year’s budget as well as reviewing some of Labor’s proposals for superannuation should they win Government.  I will provide some commentary on these below: Previous […] Read More

Never too early for tax planning

The last few months of the financial year see most people turning their business eye towards their tax planning. However, it is never too early to consider tax planning, even now over nine months from financial year end. The following items came about from a recent discussion with a client concerned about what the year […] Read More

Main residence and non residents

Watch out if you own a house and plan to leave Australia and become a Non Resident! There are proposed new laws before Parliament that make a Non Resident who sells their previous main residence in Australia fully subject to Capital Gains Tax, even if they lived in it for many years. Example:  You bought […] Read More

Retirement – It’s not (just) about the money!

I believe I have written about this topic before, but with the amount of conversations I have been having with many clients and friends on this same subject over the last 12 months, it feels appropriate to raise it again. Retirement usually involves one or a combination of the following: Sale or transfer of a […] Read More

Elder Abuse – Can you Recognise the Signs?

The Elder Abuse Prevention Centre, based in Queensland, defines elder financial abuse (EFA) as the illegal or improper use of a person’s finances or property by another person with whom they have a relationship implying trust. This is the most common type of elder abuse, with studies in Australia indicating that up to five per […] Read More

Superannuation changes from 1 July 2017

Is the world about to end?? With two weeks to go until 30 June 2017 I thought it was the right time to offer a reminder of what is happening to superannuation from 1 July 2017.  It is also the right time to remind you of what actions you might need to take to ensure you are well prepared for […] Read More

The 6 Financial Mistakes To Avoid In your 50’s

I recently came across an excellent written by article by Jack Derwin for nestegg.com that I thought would be of interest to our readers. This was of particular interest to me as I am in this age group and many of my clients are as well. This article is summarised below with additional comments as […] Read More

Succession and Estate planning. Where to start.

Recently in discussion with clients it is clear that many people want to undertake the Estate and Succession planning, however they are unaware of how to go about it and who can assist them. Anyone with assets needs to consider their future Succession and Estate planning needs. The terms are used interchangeably, but whilst similar […] Read More