Life Insurance within Superannuation

Are there benefits to holding Life Insurance within Superannuation? It is widely considered that holding certain types of Life Insurance within Superannuation is acceptable practice. For some people, this is the only personal risk protection they have. The types of insurance typically allowed is restricted to policies that provide benefits that accord with the purpose of the superannuation system. The most common life insurance carried within superannuation, are 'term life'; TPD; and income protection [...]

By |2021-02-26T09:31:49+10:00November 21, 2014|Risk Insurance Strategies|0 Comments

Beneficiary Nomination

Beneficiary nomination clarifies entitlement Nominating beneficiaries provides guidance (or in some circumstances, direction) to a trustee (or other responsible person) charged with the task of paying a benefit arising from particular assets or instruments, as to how much and to whom those benefits should be distributed. Three key areas where the nomination of beneficiaries is important, from a wealth management perspective at least, are: life insurance policies;superannuation accounts; andEstate Planning. Monitor the nomination of [...]

By |2021-04-21T17:14:35+10:00July 16, 2013|Estate Planning|0 Comments

Budget Highlights 2013

Budget Highlights 2013 The following items, Budget Highlights 2013, were extracted from the 2013 Budget announcements by the Federal Treasurer, as likely to be of interest to our readers. We invite comments on any of the measures and, as usual, are available to review any that directly affect you to assess their impact on your wealth management (including estate planning) strategies. Budget Highlight: Taxation Measures - Replacement of existing Baby [...]

By |2020-08-05T14:04:56+10:00May 15, 2013|Market Updates|0 Comments

Early-age retirement considerations

What is 'early-age' retirement? Amongst the early-age retirement considerations that need to be addressed when contemplating such a move, the consideration of funding the lifestyle you anticipate in that phase of your life is paramount to most. If you are thinking about early-age retirement you will need to establish an income/ cashflow source that is an alternative to your superannuation investment. For the purposes of this article, early-age retirement is leaving [...]

Superannuation Death Benefit Nominations and Estate Planning

Superannuation Fund Trust Deeds will provide a process by which the trustee can consider your intent as regards any death benefits that may be due to your estate at your passing: superannuation death benefit nominations and estate planning are different though similar devices by which you can provide for your intended beneficiaries. Where does superannuation fit amongst estate assets? Superannuation accounts are often a significant part of the estate of [...]

By |2018-02-06T15:13:53+10:00November 30, 2011|Estate Planning, Superannuation Strategies|0 Comments
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