Even though a record number of first home buyers entered the property market last year, housing affordability remains a hot topic around the dinner table. Earlier this week and with just a few days before the election, the Liberals announced a new First Home Loan Deposit Scheme designed to put first home buyers on a level playing field with established property investors.
Australians are faced with a very difficult choice this Saturday. Both major parties are rallying hard to convince us that they each have the policies to navigate a tricky economic future. Battle lines have been drawn on tax, climate change, education and health.
In as little as 8 days, we will take to the polling booths to cast our votes. Whether we love or loathe politics, election day is a significant day for us to use our voice. The amount of information out there can be particularly hard to understand in terms of how some proposals and policies can impact us.
With the federal election just around the corner let’s take a closer look at what each of the major parties is planning with respect to superannuation. Sometimes it’s hard to look beyond the visions spruiked so fiercely by each party and get under the covers of what is ‘actually’ proposed and what implications this will have for you. Let’s start by looking at what is currently in place with superannuation laws and what Labor is proposing.
For many of our insurance clients it is often appropriate for us to recommend new insurance policies following our initial discovery session and development of the advice; with that comes a new application process. A significant part of that process is called underwriting, which has elements such as medical, financial, occupational and pastimes. Many people are initially unaware of this process and the possible outcomes.