Did you know that as of July 1, 2018, you can now make a "downsizer contribution" into your superannuation fund of up to $300,000 from the proceeds of selling your home? This contribution became available to those who meet the eligibility criteria and are aged 65 years and over in July 2018.
A recent conversation with a Solicitor who is an estate planning specialist reminded me of the importance of not only planning your estate arrangements but also getting expert advice.
It’s not uncommon these days for a couple who are nearing, or are in retirement, to have had a previous relationship and have adult children from that previous relationship. These situations can introduce extra complexity to achieving your desired estate planning objectives.
After 68 days of hearings, 130 witnesses and more than 10,000 public submissions, the Hayne royal commission has left no stone unturned. It has uncovered shocking and unethical practices by many financial institutions and advice providers within the financial services industry.
We are pleased to report that none of these recommendations will impact the way we provide our financial planning services to you.
Wanting to help your children get a foot in the property market is a common financial objective amongst our clients at Hewison Private Wealth, and it’s an admirable one.
Parents will have varying reasons for wanting to assist their children, it might be because your children simply haven’t saved enough for a deposit, or they might need a top up to avoid paying the dreaded lender’s mortgage insurance (LMI). Or, you may simply have the means and desire to help keep your children’s mortgage at a manageable level.