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We’re Interested in Superannuation Again, Are We?
Read more: We’re Interested in Superannuation Again, Are We?Last week the Productivity Commission released a report into superannuation. No surprise, it didn’t paint the best picture. Suggesting the super industry was lacking competition and accountability, while many funds were still acting in their own best interests and not their members. It came with a few recommendations from the productivity commission to address the problems and the always helpful media couldn’t miss their opportunity to fill a few pages with advice. The recommendations were good and bad. The report identified the issue of a super account being tied to an employer, meaning quite often a new job means starting…
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2018 FWP Federal Budget Overview
Read more: 2018 FWP Federal Budget OverviewLast night’s federal budget stood out on a tax perspective and there were a couple of other positives to be found. Importantly, we’ve just clocked two consecutive budgets without major superannuation meddling. And the super changes we did get were positive. Pensioners The Pension Loans Scheme will be opened to all Australians over 65, including full rate pensioners and self-funded retirees, so they can boost their retirement income by up to $11,799 for a single and $17,800 for a couple without impacting on their eligibility for the pension or other benefits. Essentially a reverse mortgage, anyone over the retirement age can…
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NSW Seniors Festival – Take Part! Take Advantage! Seek Assistance!
Read more: NSW Seniors Festival – Take Part! Take Advantage! Seek Assistance!The 2018 NSW Seniors Festival runs from Wednesday 4 April to Sunday 15 April and aims to celebrate the valuable contributions seniors make to our community. Seniors Festival also serves as a reminder for our seniors to remain active, take advantage of available services and seek assistance where required. Foundation Wealth Planners have put together a list of how to make the most of the 2018 NSW Seniors Festival. Take Part! Get involved with the free or heavily discounted activities and events held all over NSW as part of seniors week. The Dubbo Seniors Expo has been run by the…
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Recent Market Volatility
Read more: Recent Market VolatilityAfter a period of relative calm in the markets, in recent days the increase in volatility in the stock market has resulted in renewed anxiety for many investors. From February 1–5, the US market (as measured by the Russell 3000 Index) fell almost 6% and in Australia, the S&P/ASX 300 Index fell almost 5% during the equivalent period.[1] This resulted in many investors wondering what the future holds and if they should make changes to their portfolios. While it may be difficult to remain calm during a substantial market decline, it is important to remember that volatility is a normal…
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What does the Family Tax Benefit and energy bills have in common?
Read more: What does the Family Tax Benefit and energy bills have in common?Answer: You have to have both to be eligible for the Family Energy Rebate. The Family Energy Rebate is a state government payment that assists NSW family households in receipt of the Family Tax Benefit in covering energy bills. Depending on your circumstances you could be eligible to $180 a year. To be eligible you must be: A NSW resident The account holder of the electricity account; and receive the Family Tax Benefit during the previous financial year. Applying is easy, you can do this online or via a paper application. For more information on on this rebate and how…
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