Review of benefits available Assistance in completion of claim form Assistance with financial records required book necessary appointments with Doctor/s Fast track Doctors completion of medical history or report Submit documents on your behalf liaise with underwriters and claims staff Liaise with your Accountant confirming your financials Professional… Experienced… Caring Through our experience, we understand…
Government’s super and tax plans reforms. The Coalition Government has re-iterated its position on a range of previously announced super and tax issues, as part of the Mid-Year Economic and Fiscal Outlook (MYEFO). Key take-outs of interest include: • The next increase in the superannuation guarantee rate to 9.5% will be deferred for two…
Notifications of higher premiums of as much as 50% for cover through superannuation are being sent to members. From June 29, about 2 million AustralianSuper members will have to endure 40% higher death and total disability premiums and 25% increase on income protection cover. TAL Australia’s Jim Minto said the increase is a result of…
Effective 1 July 2013, superannuation guarantee contributions rate is set to increase 0.25% to 9.25%. This has to be paid on superannuable payments to employees on or before the said date even if the pay is for services rendered before July. The rates increase may: Affect a great number of employees who are seen to…
Legislative changes confuse 500,000 insured Australians using self-managed superannuation fund. Still, huge growth in SMSF retirement savings continues. Hence, TAL’s David Glen said clients and advisers must work together to determine what would provide best for life insurance needs: SMSF, retail superannuation or outside superannuation. Thorough knowledge on SMSF use in investment and tax…
With the many advantages associated with SMSF, the same can’t be said in the event of death especially at a time most unexpected. In most cases, the death benefit comes from a portion that has to be sold to pay the surviving spouse. Recently, where death and property purchase inside SMSFs are concerned, values…
The government has announced recently about the possible changes to the superannuation system. Note, however, that these will have to go through the normal political process first before they finally become a law. Here’s a summary of the said reforms: Superannuation income streams The tax-free status of retirement phase earnings remains but the limit is…
Did you know that tailored personal insurance super structuring can give you a greater choice and affordability of your life Insurance and Income Protection? If you have known about this before yet have doubts about the possible benefits, then now is the time you consider it seriously. In the past, you only had the choice…
With the move of the legislative to preserve the best interest duties of financial advisers beginning July 1, 2013, it’s no longer enough for these advisers to recommend holding life insurance in super based on funding efficiency alone. However, according to Martin Breckon, the technical services manager at IOOF Holdings Ltd, some issues have to…
Self-Managed Superannuation Funds represent the fastest growing segment within Superannuation – the average SMSF now has $964,000 in assets. People are choosing SMSF for the following key reasons Having control over there Super Investments and their own retirement destiny Flexibility and investment choices Ability to purchase property and even borrow under some circumstances Able to…