Retirement

As more and more Australians move into retirement, understanding the ever-changing complexities and demands of providing advice for clients at this life stage is increasingly important. These retirement resources aim to help you meet your clients’ evolving retirement needs.

This guide covers the purpose of a special disability trust is, who is eligible to become a beneficiary of one, its benefits and limitations
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The latest key super, tax and social security rates, rules and thresholds for 2020/21. Read more at BT Academy.
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Setting a tax strategy for your clients before they start their TtR pension is an important step in helping them increase both their savings and their super.
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An outline of what is assessed in the assets test and income test. All assets that the client has are assessable under the assets test.
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The rate of social security payments are affected by an asset and income test. Generally, the test that results in a lower payment is what determines the rate payable.
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Documenting granny flat arrangements can protect the interests of elder relatives. However, there may be tax, estate planning and other consequences.
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There are special rules for granny flat arrangements that may prevent the deprivation rules from applying. However they must satisfy a range of requirements.
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Most income streams are sourced from account based pensions and insurance companies (annuities) with the same and concessional tax structure for both.
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There are many social security benefits with differing and complex eligibility criteria. This guide looks at some of the main payments and concession cards.
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Income streams are generally assessed under the social security income test when they are commenced. The specific treatment will depend on the type held.
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The aged care means test is based on a person’s income and assets. It applies when entering residential aged care.
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There are various fees aged care homes charge residents, including a basic daily care fee, accommodation cost, health care fee and an extra service fee.
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This guide covers a range of topics that you should consider when discussing aged care plans with your clients, including eligibility for government subsidised aged care, home care packages, the aged care means test and more.
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Residential aged care can be expensive, but before clients pay the accommodation costs for a parent they need to be aware of the impact on other fees.
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Super death benefits are subject to the transfer balance cap rules where a death benefit income stream is paid. Child pensions also have special rules.
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The government subsidises Home Care Packages for those who are eligible. Two types of fees may be payable depending on the package and level of income.
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Aged care facilities are designed for older people who are not able to live at home. There are a number of important considerations when choosing a facility.
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Information current as at September 2019.

This communication has been prepared for use by advisers only.  It must not be made available to any client and any information in it must not be communicated to any client.  This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.

This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it.

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