CCA Financial Planners

Increase of Life Insurance Fees

Life Insurance, SuperannuationBy Christopher Cachia 16.07.13

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…

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Superannuation Guarantee Rate Increase

SuperannuationBy Christopher Cachia 01.07.13

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…

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Choosing the Best Income Protection Insurance

Income Protection InsuranceBy Christopher Cachia 23.06.13

Taking on insurance coverage includes considerations about price, package, offers and extras. Understanding how each one could be helpful may not be that easy. The cheapest policy may not be the best for you as it does not come with optional extras. If it is only income protection you need and you don’t mind the…

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Challenging Life Insurance for SMSFs

Financial Planning, Life Insurance, SuperannuationBy Christopher Cachia 18.06.13

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…

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Threat of Death in Self-Managed Investments

Life Insurance, SuperannuationBy Christopher Cachia 13.06.13

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…

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UncategorizedBy Christopher Cachia 26.04.13 Leave a comment

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