Insights

It is common for our clients to ask us if they should pay the accommodation amount as a Refundable Accommodation Deposit (RAD) or Daily Accommodation Payment (DAP) when a loved one enters care. Often, the answer will depend on the resident’s financial assets, their...

One of the things that we all have in common as living beings is our finite lifespan and our awareness of this also contributes to motivating us to make each and every moment count.Yet while many of us don’t want to reflect much on our mortality, we all want to live...

The principle of ‘salary sacrificing’ may not sound very appealing. After all, who in their right mind would voluntarily give up their hard-earned cash. But it can have real financial benefits for some in terms of reducing your taxable income, which could see you pay...

While it’s not yet in force, the limit on SMSF member numbers is set to increase from the current four to six members later this year. For some SMSFs, this will be a welcome change and will mean additional family members can join their existing fund. Implications of...

May is here and in cooler regions the colours of autumn are all around. In Canberra, Treasurer Josh Frydenberg is putting the finishing touches to the May 11 Federal Budget which will no doubt dominate the national conversation in coming weeks. Australia’s economic...

Our clients often tell us that the decision to move a parent into residential care leaves them feeling overwhelmed with emotion and apprehension. While they know permanent residential care is the right step for their loved one, the financial considerations can...

Separation and divorce can be a challenging time, often made all the more difficult when you have to divide your assets. So how do you go about decoupling your superannuation? In years gone by, superannuation was not treated as matrimonial property, so divorce...

For many people, the idea of managing and investing your own retirement savings is very appealing. But there is ongoing debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the arguments for and against having your own...

As the Australian Taxation Office (ATO) turns its attention to businesses and individuals who have used COVID-related support programs, many taxpayers are likely to find themselves on the tax man’s radar. There are a number of red flags that can spark the ATO’s...

After an eventful summer of weather extremes, on-again off-again lockdowns and the swearing in of a new US President, many will be hoping that Autumn ushers in a change of more than the season. As the vaccine rollout begins, there are also promising signs that...

After an eventful summer of weather extremes, on-again off-again lockdowns and the swearing in of a new US President, many will be hoping that Autumn ushers in a change of more than the season. As the vaccine rollout begins, there are also promising signs that...

After spending their working life building retirement savings, many retirees are often reluctant to eat into their “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health...