Have you heard about the reduction in Account Based Pensions and minimum draw downs? Capital losses from falling share prices are realised only if the company goes into liquidation or the shares are sold. Reducing the amounts drawn down from account based pensions...
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What do Deeming rate cuts mean?
Interest rates have been falling faster and longer than deeming rates for Centrelink and Veterans’ Affairs recipients. This makes it practically impossible to earn current deeming rates from bank accounts. So, what to deeming rate cuts mean for pensioners? High risk...
How does the Federal Budget affect you?
The Federal Budget explains to all Australians how the Government intends to manage the country’s finances. It outlines their tax and spending plans. Not only during the next financial year but into the future as well. Just like a household budget, the Federal Budget...
Aged Care: the costs, considerations, concerns and what you can do…
Choosing how you age is not just about accommodation for you or your family. There are also a range of financial and emotional issues to plan for. The quality of today’s health care means we are enjoying longer lives, with current life expectancy levels far exceeding...
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