independent financial advice

One of the key concerns is how those aged family members are going to be able to afford the payment of a Refundable Accommodation Deposit (RAD) to get entry into a residential aged care home of their choice. 
 
A solution I have heard more recently has been the proposition for younger family members to pay the RAD on behalf of the aged family member. 
 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

Franking credits, also known as imputation credits, are a tax credit attached to dividends paid by Australian companies. Where an investors tax rate is below the company tax rate, there are more tax credits than tax payable by the investor. Currently, those excess tax credits can be refunded back to the investor when they lodge their tax return. Those with low incomes, such as retirees and superannuation funds, who are not in receipt of a Government pension, are the investors that will be most impacted by this policy as the franking credits they receive as a refund would stop.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

Personal income tax

  • Increases in the low and middle income-tax offset to apply in 2018-19. This benefit is quantified as $1,080 p.a. for individuals and $2,016 p.a. for a couple.
  • Other tax benefits (tax rates/thresholds and low-income tax offset changes) to commence in 2022-23 and later income years.

Business owners

  • Extension of the provision allowing small business to instantly write-off asset purchases increasing the per-asset threshold from $25,000 to $30,000 effective 2 April 2019.

Superannuation

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

This is not a new phenomenon, it is something we at Hewison Private Wealth have been providing our clients with for many, many years. It involves meeting with clients and allowing them to share what is truly important to them in the short, medium and long term. 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

Having a will doesn’t seem that important when you’re caught up with the business of living. But like getting a job, owning a home or having kids, getting your estate plan sorted is really just another part of growing up. In a recent interview by Money and Life, Chris Morcom takes the view that sorting out an estate plan as soon as you’re earning a salary makes sense. “Your super balance may be close to zero, but you’re still likely to have insurance through super and a life cover benefit to pass on,” says Chris.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

The final report includes 76 wide-ranging recommendations, and all will be adopted by current and future Governments.

In reviewing the recommendations, particularly focusing on those that will directly impact the provision of financial advice and products, the following are worthy of highlight:

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

On Monday night we will see the release of results and recommendations from the Hayne Royal Commission which is likely to have some dramatic consequences for the banking industry and unknown changes to the financial planning community. How these consequences will affect our clients is yet to be seen but will hopefully be of minor impact.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

Personal insurance has traditionally been a commission environment, where advisers have long been paid by insurance companies for placing business with them. That in itself doesn’t necessarily cause problems. More so it’s the commission structures that in the past have offered upwards of 110% of the premium paid in the first year, with an ongoing commission of 11% in future years.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

independent financial advice

A mechanic is trained to keep your car running efficiently, identify problems before they arise and get you back on the road sooner if problems do occur.

The same is true for your finances. Partnering with an independent Financial Adviser can put you in a far stronger position than if you tried to go it alone. A financial adviser has the knowledge and skills to help you achieve your financial goals and objectives.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.