Knowledge Centre

inTouch Q3 2015

Welcome to our quarterly magazine. In this edition -

• Leadership change and the impact on the Federal Budget measures
• To hike, or not to hike?
• The ‘China effect’ and what it means for global growth
• Minimising the impact of new pension changes
• Health and wellness holidays

Senior couple getting advice

Welcome to the October edition of e-Insight. This month we cover:

  • New Social Security rates and thresholds from 20 September 2015
  • New aged care fees and thresholds from 20 September 2015
  • Lost member account thresholds increased
  • Look through tax treatment for LRBAs

New Social Security rates and thresholds from 20 September 2015

inTouch Q3 2015

Welcome to our quarterly magazine. In this edition -

• Wealthy retirees to be hit hardest by the pension changes
• Young parents need $1 million life cover
• A pitfall of the new Terminal Medical Condition of Release rules
• Don’t be distracted by Greece, it’s all about China

Senior couple getting advice

Welcome to the August edition of e-Insight. This month we cover:

- Aged care – minimum permissible amount
- ATO form for contribution reserving strategy
- ATO issue Division 293 tax assessments for Defined Benefit schemes
- FBT exempt thresholds increased

Aged care – minimum permissible amount

Seeds of Growth

Greece succumbs to Stein’s law. Other countries, including Australia, could too

Herbert Stein (1916 to 1999) was a US economist who was influential in his time. Among his achievements, Stein was chairman of the president-guiding Council of Economic Advisers under Richard Nixon and Gerald Ford, was attached to the American Enterprise Institute think tank, contributed to The Wall Street Journal and taught at the University of Virginia.

Senior couple getting advice

Welcome to the June edition of e-Insight. This month we cover:

  • New private health insurance rebate thresholds from 1 April 2015
  • ATO pre-assessment letters for excess concessional contributions
  • Labor Party release proposed changes to superannuation
  • Reminder to claim franking credits for retirees
  • End of year financial planning

Article 1

Superannuation contribution caps for 2015/16

The concessional and non-concessional contributions caps for the 2015/16 financial year have not changed from the 2014/15 financial year. As a reminder, these rates are as follows:

2014/152015/16
General concessional contributions cap$30,000$30,000
Higher concessional contributions cap (for persons aged 50 or over at the end of the financial year)$35,000$35,000
Non-concessional contributions cap$180,000$180,000
Non-concessional contributions cap – bring forward$540,000$540,000

Seeds of Growth

Why the global savings glut boosts the case for global equities

 What determines the level of real interest rates? The principles of orthodox monetary policy are so well entrenched as to be virtually sacrosanct. Yet, as the timing of the first US rate rise is pushed out again, it is pertinent to question the validity of bedrock monetary assumptions after five years of record low interest rates.

Welcome to our quarterly magazine. In this edition -

  • Mind the super gap
  • UK unfunded defined benefit
  • Part pensioners get a ‘pay rise”
  • Federal Budget 2015/16 overview
  • Taking an alternative approach
  • So much dieting, but is it enough?

We hope you enjoy this edition of our newsletter.

 inTouch – Q2 2015 – read now

Article 1

Commonwealth Seniors Health Card (CSHC)

The CSHC assists qualifying senior Australians with health care costs as well as other benefits, such as the Seniors Supplement and a limited amount of concessions offered by Government bodies and certain private companies.

The CSHC is granted to those with income within the respective thresholds, which is $51,500 for singles and $82,400 for couples (combined).