Posts by The Muirfield Team
Autumn eNews 2015
The 2015 eNews draws to a close what has been a lackluster summer in terms of the scorching heat we typically endure. In this edition we have replaced the staff in spotlight with a new ‘investment talk’ section. Our main articles include a discussion about whether to downsize your home or not, information on Centrelink concession…
Read MoreSummer eNews 2015
In this edition of the Muirfield newsletter we have provided a great balance of technical and light content for our readers. Jill Blair, the newest member of our administration team, features in the ‘Staff in Spotlight’, we offer some alternative retirement destinations and Joanne Whitworth offers an insight into her retirement.
On a technical front we present a review of the 2014 year along with an outlook for 2015, Melinda Planken talks Aged Care and Centrelink we reveal the new Centrelink app for the iphone.
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Happy reading.
The Muirfield Team
Read MoreMarket update: Review of 2014, outlook for 2015
Shane Oliver, AMP Chief Economist, reviews the year that’s been and provides an outlook for markets in 2015.
Spring eNews 2014
In this edition of the Muirfield newsletter we have provided a great balance of technical and light content for our readers.
Amy Hurley, a member of our administration team, has her turn in the ‘Staff in Spotlight’, we present a wrap-up of the AFL footy tipping competition, share some of the activities undertaken by Muirfield staff and Courtney let’s us in one of his favourite recipes.
On a technical front we outline the changes to the assessment of Centrelink entitlements and explain the importance of having a binding death nomination on your superannuation.
Click the newsletter icon on the right hand side to read the full newsletter. Feel free to share our newsletter to family and friends using the many resources available by clicking the icons below.
Happy reading.
The Muirfield Team
Read MoreWinter eNews 2014
To start the new financial year – hopefully one full of prosperity, we welcomed Matthew Torney to the team and unfortunately the cold weather continued.
In this edition of the newsletter we look back at the performance of each asset class from last financial year, Muirfield clients tell their story on camera and we meet Chris in our ‘Staff in Spotlight’.
Other topics covered include important Aged Care changes, money advice for couples, redundancy help and an article on ‘how much do I need to retire comfortably?
Click the newsletter icon on the right hand side to read the full newsletter. Feel free to share our newsletter to family and friends using the many resources available by clicking on the icons below.
Keep warm
The Muirfield Team
Read MoreImportant Changes To Aged Care From 1 July 2014
The changes mainly relate to the fees and charges applicable to Aged Care, which we have detailed below. The removal of High and Low care has also been implemented with Aged Care Assessment now outlining the need for Home Care or Residential Aged Care…
It’s Time We Talked About Money
At what point should couples start talking about money? At Muirfield Financial Services we’ve not yet developed a definitive answer, but put simply; the earlier the better.
One of the most commonly sought areas of advice from either recently engaged or married couples, is asking how best to manage their joint finances.
It’s been estimated that money issues are the driving force in 90% of divorces, but you CAN live happily ever after, financially speaking, if you work at not letting financial issues come between you and your partner.
Managing Retirement Risks – Part 2
MLC have released a five part series presented by Moshe Milvesky, outlining key retirement risks for pre-retirees and retirees and how to address them. Part 2 looks at longevity risk. Click on the video and have a look. If you have any questions, please do no hesitate to contact our office.
Read MoreMuirfield Budget Update – May 2014
In one of the more highly anticipated Federal Budgets, the Government announced major changes that could warrant a review of your financial plans. Peter Hogan, MLC Senior Technical Manager provides an analysis of the Federal Budget 2014 and discusses 3 key areas – personal taxation, superannuation and social security.
Note: These changes are proposals only and may or may not be made law.
Summary
- A Temporary Budget Repair Levy of 2% will be payable on taxable incomes over $180,000 pa for the next three financial years.
- Changes to HELP debts will increase the amount payable, and payments may need to be made at lower income levels.
- The Dependent Spouse and Mature Age Worker Tax Offsets will be abolished from 1 July 2014.
- People who make non-concessional (after-tax) super contributions from 1 July 2013 that exceed the cap will have the option to withdraw the excess amount plus earnings on the excess.
- The timeframe for increasing the Superannuation Guarantee contribution rate to 12% will be amended.
- The Age Pension age will gradually increase to 70.
- A range of changes to Family Tax Benefit – Part A and B will reduce the number of people who are eligible and, for some, lower the entitlements.
- The Commonwealth Seniors Health Card thresholds will be indexed from 20 September 2014 and the definition of income will be expanded.
Managing Retirement Risks – Part 1
MLC have released a five part series presented by Moshe Milvesky, outlining key retirement risks for pre-retirees and retirees and how to address them. Part 1 is an overview and looks at execution risk. Click on the video and have a look. If you have any questions, please do no hesitate to contact our office