Author Archives: David Siostrom

End of Financial Year Tips

Just a reminder that now may be a good time to consider tax saving strategies before 30th June suddenly arrives. Posssible ideas include: Maximising super contributions. Remember that complex rules apply that deterrmine who can conribute, how much and what tax benefits are achievable. Importantly, your age, income and work status can affect the viability […]

Is Your Death Benefit Nomination Valid?

A recent decision by the Supreme Court of Queensland highlights the risk that nominations that are poorly worded or inconsistent with the trust deed of the self managed superannuation fund may be ruled invalid. Consequently, when disputes arise regarding the payment of benefits following the death of a fund member, the member’s benefits may not […]

How to avoid insurance claim failures

The ABC News reported the case of a man whose income protection insurance claim was rejected due to the diagnosis of prostrate cancer 2 years earlier which, it appears, was not disclosed when a replacement policy was subsequently established. This terrible outcome highlights that consumers need to exercise extreme care when establishing a replacement policy […]

Federal Budget May 2015

On Tuesday 12 May 2015 the Federal Treasurer, Joe Hockey delivered his second budget, describing it as ’measured, fair and responsible’ and one designed to promote ’jobs, growth and opportunity’. For Australian retirees, the Budget contained a number of important proposals, including:  * increases in the Assets Test thresholds and the Assets Test taper rate  […]