Beyond Covid-19 – A demonstration of human resilience
It is worth noting, particularly given the origins of Covid-19, that the Chinese word for crisis consists of 2 characters. The first character signifies danger and the second character signifies opportunity. With any crisis comes opportunity, as a society we still have a level of resilience and adaption to deal and live with any situation.
Read More10 Things you need to know about Aged Care – Part 1
The complexity of Aged Care rules mean there are a lot of myths about what you can and can’t do and how the rules are interpreted. We list and explain 10 of the most common questions and myths put to us by clients.
Read MoreInvestment and Business Update
In our efforts to keep you up-to-date in such a rapidly changing environment, we provide the following summary to assist your understanding of events affecting our community, the global economy and share markets.
Read MoreStimulus Package – Commonwealth Seniors Health Care Card
Those who have held the Commonwealth Seniors Health Care Card at any time from 12 March to 13 April 2020, will be eligible for the recently announced support payment. Eligible cardholders will receive two stimulus package installments of $750, one from March 31 and the other from July 13.
Read MoreNew minimum drawdowns for Account-based Pensions
Following the weekends announcements, the Government has halved the minimum drawdown for Account Based Pensions. The drawdown percentage is still based on age and is represented in the table below.
Read MoreSummer 2020 Newsletter
In our Summer Newsletter we introduce some new faces to the Muirfield team, Matt seeks to spell our some of the jargon you may have heard in financial circles and Courtney adds another string to his bow by offering mortgage advice. In addition, we discuss the over growing Centrelink wait times. Click the button to…
Read MoreMaking Sense of the First Homeowner Super Saver Scheme
The First Homeowner Super Saver Scheme (FHSSS) allows first home savers to add money to superannuation, realise a tax saving and then withdraw the money from superannuation when the time comes to purchase a home.
Read More2020’s top economic jargon
If the economic concepts that arise this year don’t make much sense to you, congratulations: you’re not alone. To give you a fighting chance at keeping up, we have borrowed from The Age columnist, Jessica Irvine’s top 10 list of economic jargon words or phrases you’ll need to avoid looking silly at dinner parties this year.
Read MoreIncrease your Spouse’s Super
If you are a member of a couple, there are a few ways that you can build your superannuation balance either from household income, or your spouse’s superannuation contributions.
Read MoreCentrelink Wait Times
With an ageing population and an ever-increasing number of people applying for Centrelink benefits, the processing times of applications is understandably getting longer.
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