Salary sacrificing means allotting a portion of an individual’s pre-tax salary to be exchanged with a benefit that is of similar value. Is it beneficial?
Saving up for your retirement shouldn’t be rocket science but there’s a science behind effective retirement planning. Learn more about it in this article.
To realise one’s lifestyle potential, it’s important to get started on building a healthy nest egg. Learn how to increase retirement savings with the following tips.
Federal Budget 2019: Aged Care Federal Budget 2019 Initiatives: Aged Care A record $21.6 billion has been allocated towards providing higher quality aged care. Increasing Funding for Aged Care Effective 1 July 2018 The Government will provide $724.8 million over five years from 2018-19 to fund improvements in residential and home care services, including: a one-off increase to basic subsidy for residential aged care recipients from 2018-19 and 13,500 additional residential aged care places 10,000 additional home care packages from 2018-19. Home care packages to be provided across the four package levels an increase to the dementia and the veterans' home care supplements funding to strengthen aged care regulation. Extension of Commonwealth Home Support Programme Effective 1 July 2020 The Government will provide &5.9 billion to extend the Commonwealth Home Support Programme (CHSP) funding arrangements. Funding for the CHSP was due to cease on 30 June 2020. The new funding will extend the program until 30 June 2022. The CHSP Contributes to essential home support services, such as meals (Meals on Wheels), personal care, nursing, domestic assistance, home maintenance, and community transport, to assist older people to keep living independently in their own home. The SIS Act will be updated to enable the number of fund members in new and existing Self-Managed Superannuation Funds (SMSFs) to increase from a maximum of four to six. Simplification of Aged Care Forms Effective May 2019 The Government announced it will simplify the means testing forms that need to be completed
You’ve been thinking about taking control of your retirement savings and setting up an SMSF. But are you member material? Find out here.
In what can be a sad and challenging time, we answer some of the questions we get asked when an SMSF member dies. Click here for more.
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