Australia has an ageing population that will continue to grow significantly over the next 25 years. Approximately $3 billion per annum is already required to fund individuals moving into aged care facilities. The ability to fund entry to an aged care facility will become an important one for your customers. Most individuals have to pay […]
In the past week I have heard of three separate stories that, because of past decisions, have had a profoundly negative outcome for each of the people involved. I like to talk about personal financial well being and the need for each of us, irrespective of our age or circumstances, to live a financially responsible […]
No, I am not referring to a piping hot ham and tomato toastie with cheese oozing out the middle, but rather I am referring to your current lifestyle. Recently I made an observation about the number of grandparents looking after young children in a local park, and how those of us approaching retirement today often […]
How do we educate, motivate and empower children to become regular savers and investors? Here are 15 simple ways to help educate children about personal finance and managing money: 1. As soon as children can count, introduce them to money. Observation and repetition are two important ways children learn. 2. Communicate with children as they […]
A self-managed super fund case study the ATO has published highlights the importance of determining whether a person has officially retired for purposes of the Superannuation Industry (Supervision) Regulations 1994 (SIS regulations). You may question whether it’s necessary to revisit something that has been in legislation for many years. The answer lies in the fact that the […]