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