The information provided in this article is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs.
Centrelink Aged Pension rules are confusing. This blog article attempts to explain the Centrelink rules, including the Assets and Income tests, in a simpler way than the bureaucrats can. It is accurate as at 30 September 2024 when last updated.
The 2024 Federal Budget, brought down on 14 May 2024. With an election likely later this year, or early 2025, this could be the last Budget for the Albanese Labor government. For the second year in a row, the Federal Government is on track to deliver a budget surplus. Helped by a stronger than expected…
Each State runs their own Seniors Card program. The WA Seniors Card is a very hand card to have … Eligibility If you meet the below criteria then you should be eligible for the West Australian Seniors Card: Aged 65 or more The eligibility age was 60, has been gradually moving to age…
If you have converted your superannuation accumulation account to a superannuation pension account then you must start making withdrawals from the pension account. This article details what the minimum pension payment rates are and how they differ depending on your age.
In what should be welcome news to Australians planning for their retirement, the amount we can contribute into superannuation is about to increase. This is because the super contribution caps (limits) are increasing.
The 2023 Federal Budget, brought down on 9 May 2023, is the first full Budget for the Albanese Labor government. This Budget Summary is not designed to cover all aspects of the Federal Budget. It is solely focused on the key financial planning areas which relate to our clients – superannuation, taxation and social security.…
What exactly is an annuity, why have they not been popular in Australia, and why are annuities now becoming more popular?
The 2022 Federal Budget , brought down on 29 March (6 weeks earlier than normal), is the last Budget before the next Federal Election is due to be held. This Budget Summary is not designed to cover all aspects of the Federal Budget. It is solely focused on the key financial planning areas which relate…
Before you hand over your money to a financial planner, make sure you are going to receive independent financial advice. Because if it’s not independent financial advice, then the financial planning advice can’t be considered unbiased or impartial.So what is independent financial advice, and how do you ensure that you receive conflict-free advice?
Sometimes you have a question about a financial matter and just want an answer; not a relationship. It is for this reason that Cornish Wealth Management offers one-off financial advice. One-off advice is also known as ‘situational advice’, ‘episodic advice’ or ‘event driven advice’. And we offer two types of one-off advice – ‘general advice’…