The following are the changes in the Federal Budget as announced last week. We see these changes in the concessional super contributions caps and contribution taxes likely to affect some of our clients. Higher contributions tax for very high income earners The tax concession on contributions of earners of over $300,000 will go down from…
Asteron Life Complete Income Protection Plus was recently awarded a perfect score of 100 by IRESS, the only product in the market to receive such a high rating. A number of factors contributed to this score, including the flexibility of Asteron Life’s income protection products and a few additional features and benefits that set them…
A draft version of the latest guidelines for MySuper legislation was released this week. The guidelines detail recommendations for a number of aspects of insurance and intra-fund advice, including clarification of commissions and payments for advisors, particularly in the field of group insurance. In the area of insurance, according to the new guidelines, MySuper trustees…
The number of Australians with life insurance coverage through superannuation has increased while there was a drop for the same number of people with stand-alone coverage, potentially worsening the insurance gap. In 2006, the Financial Services Council said a similar study showed an increase in the number of Australians with superannuation life insurance coverage from…
Most people wouldn’t consider going without car insurance. Although we don’t expect to have an accident every time we get behind the wheel, we are aware of the possibility and take precautions to protect our vehicle and our finances accordingly. Strangely enough, when it comes to our income, many of us don’t provide ourselves with…
CCA Financial planners has today launched a mobile version of it’s website. We have been working hard to provide users with the best expierience possible, With an easy to use interface and friendly forms. To view our mobile site, simply navigate to http://www.ccafp.com.au with your mobile device. Or click on This Direct Link
There are plenty of advantages to getting as fit and healthy as possible, including increased energy levels, a better functioning immune system and typically, a lower risk of developing a number of long term health problems such as diabetes and cardiovascular disease. Did you also know that improving your health and fitness could lead to…
As a professional, you probably enjoy a good income and a comfortable standard of living. Many professionals have worked hard to attain the right qualifications and experience to allow them to earn a reasonable income and to work in an occupation that interests them. However, have you considered how your family would manage if you…
Income protection insurance is important no matter what profession you are in. Medical professionals have a few risks unique to their occupation which means that they need to find a policy which is geared to their specific circumstances. Income protection insurance is designed to provide a portion of your regular income in the event that…
Not all insurance companies are created equal as the recent announcement of TAL (formerly Tower) as the 2011 winner of the Plan for Life/AFA Life company of the year award demonstrates. This is the second year running that TAL has taken this prestigious award after a thorough evaluation process which also takes into consideration feedback…