AAP WEEKLY UPDATE | 23RD JUNE 2016

/AAP WEEKLY UPDATE | 23RD JUNE 2016
AAP WEEKLY UPDATE | 23RD JUNE 2016 2017-02-10T11:35:47+00:00

NCC CAP: PROPOSED CHANGES AND WHAT YOU NEED TO DO

The 2016 Budget contained a number of superannuation changes, and the majority of these look likely to take effect from 1 July 2017 (if legislation is passed).

However – a call to replace the current annual non-concessional contribution (NCC) cap with a single $500,000 lifetime cap will apply from 7.30 PM on 3 May 2016 (if this proposal does proceed).

This may have significant implications for members of superannuation funds and their financial advisers.

Peter Kelly has written an informative article to help you prepare.

RISK HOTSPOT

ANZ OneCare UPDATES: JUNE 2016

Until now, OneCare Trauma Cover has provided cover for the following:

  • A heart attack (major): which resulted in a full benefit payout.
  • A heart attack (minor): which resulted in a partial benefit payout.

ANZ Wealth has now enhanced the heart attack definition within its flagship OneCare Trauma Cover product, making it broader in scope. The new definition, labelled as ‘heart attack (diagnosed)’, will offer full benefit payouts.

More information is available via the new OnePath OneCare Product Disclosure Statement (PDS) – which came into effect 23 May 2016. There is a period of transition while the new PDS is being rolled out – if you are unsure of the rules during this change you can read more on how this affects advisers here.

10% LIFETIME DISCOUNT OFFER

OneCare has now made it possible for more clients to qualify for a larger discount. You can read more on the latest discount offering here.

CHILD INSURANCE OFFER

The need for child cover is a difficult topic for many advisers to broach with their clients, but it is vitally important. ANZ’s OneCare is offering a free Fitbit Alta to clients whose application is submitted prior to 31 August 2016. More information about this offer is available here.

UPCOMING CPD EVENTS: JUNE 2016

TAX CONSIDERATIONS FOR EQUITY INVESTORS

Julian Beaumont will be discussing some of the tax considerations of investing in equities. Whether you’re investing locally or offshore, Julian will highlight the essential considerations and post-tax outcomes for many popular investment strategies. He will also touch on topics such as franked dividends versus long term growth, the tax issues in choosing funds, capital gains tax, and the power of holding out for the long term.

Presenter: Julian Beaumont, Investment Director, BAEP

Suitable for:  Financial Advisers, Tax (Financial) Advisers, and Accountants

Knowledge Area:  Securities and TASA

TAX CONSIDERATIONS FOR EQUITY INVESTORS
Tuesday 28 June 2016 10.30 am – 11.30 am (AEST) Reserve Your Place

QUARTERLY TECH TIPS

As the second in our regular series of quarterly Tech Tips sessions this webinar is designed to acquaint you with the latest developments in a number of key areas. It will also look at the likely impact of policies that come out of the 2 July Federal Election.

PresenterS:

Peter Kelly – Superannuation, SMSF and Retirement Planning Specialist

Mark Teale – Retirement Strategies and Solutions Specialist

Suitable for:  Financial Planners, Tax (Financial) Advisers, Accountants, Paraplanners, and Support Staff

Knowledge Area:  Superannuation, SMSF, Financial Planning, Aged Care and Social Security

QUARTERLY TECH TIPS
Tuesday 5 July 2016 10.30 am – 11.30 am (AEST) Reserve Your Place

CLIENT RESOURCES

REALISE YOUR DREAM BLOG

On 10 June 1908 the Invalid and Old-age Pensions Act received royal assent. From 1 July 1909 – Old-Age pensions and the Invalid Pension became payable to the ‘appropriately qualified people’ within Australia.

But, the big questions is, who were these ‘appropriately qualified people’ at the time when the act was introduced? An interesting question; with a set of even more intriguing answers!

Read more on this topic from our resident co-blogger Mark Teal.

PREPARE FOR LIFE: ISSUE 21 NOW AVAILABLE!

Issue 21 of Prepare for Life explores how to get your personal finances under control, we investigate if superannuation is a flawed retirement strategy, and how you can ‘T-app’ into your retirement planning.

GET YOUR COPY HERE.

Keep an eye out for Issue 22 of Prepare for Life – which will be released soon!

IN CASE YOU MISSED IT: