How do Centrelink assess my foreign pension?
Many Australians were born overseas or have lived and worked overseas for extensive periods. This can have important implications if and when the time comes to apply for the Age Pension.
Read MoreLooking after yourself and others during coronavirus
Across Australia, all aspects of people’s lives have been impacted by the COVID-19 pandemic. While some of us are equipped with the tools to cope, many others are struggling. Building these five actions into our day-to-day lives can improve our wellbeing. We hope the same for you.
Read MoreInvestment update – the financial year that was
Investments had a roller coaster ride throughout the Financial Year.
In this article we recap on the year that was, looking at the winners and losers.
Retirement income flexibility
To assist retirees in preserving wealth within the tax-effective super system the Government has halved the minimum required payment rate from Account-based Pension accounts.
Read MoreMaking sense of the Government construction grant
In response to the downturn in construction brought about by the COVID-19 pandemic, the Australian Government have released a $25,000 grant for people who are building or substantially renovating their home.
Read MoreMarket Update – June 2020
Since our last investment update investment markets have continued to show signs of optimism as relaxing of social restrictions are starting to be deployed globally and domestically. This, coupled with the unprecedented Government stimulus measures has seen investors re-enter share markets resulting in solid gains since the recent lows of mid-March.
Read MoreCentrelink Deeming Rate Changes
With interest rates being cut to all-time lows, Centrelink have reduced their ‘deeming’ rates to better reflect what benefit recipients are receiving.
Read MoreInvestment Update – 11 May 2020
Since our last investment update investment markets have continued to show signs of optimism as relaxing of social restrictions are starting to be deployed globally and domestically. This, coupled with the unprecedented Government stimulus measures has seen investors re-enter share markets resulting in solid gains since the recent lows of mid-March.
Read MoreCarry Forward Concessional (tax deductible) Contributions
They say there are two certainties in life, death and taxes. While Muirfield can’t help when the Grim Reaper comes knocking, we might be able to help save you some tax along the journey
Read MoreHow much should you take from your Super each year?
One of the greatest challenges for retirees in Australia relates to the management of their retirement income. Unfortunately, the adage to ‘spend less than you earn’ doesn’t always work for retirees.
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