Centrelink Gifting Rules Explained
If you are in receipt of Centrelink pension you should consider the consequences of making a gift. Whilst you can gift or transfer assets to any value you choose your rate of pension or allowance may be affected if you exceed the allowable gifting amount.
The allowable gifting amount is $10,000 each financial year to a total of $30,000 in any five consecutive financial years. This amount applies regardless if you are a single person or couple.
Read More2010 Winter Newsletter
Happy New Financial Year!
What’s new in 2010-11
* Team Changes: Out: Rudd, Resource Super Tax In: Gillard, Resource Rent Tax
* Personal Income Tax changes – slight improvements
* Medical Expense Rebate – gets tougher
* Account Based Pensions – 50% minimum income rate to continue
* Centrelink Health Cards – are you a chance?
Click here to read the 2010 Winter Newsletter
Read MoreQuality Control at Muirfield
Our clients trust us with the responsibility of managing their financial affairs and this is not something we take lightly. Whilst we do not have a crystal ball to predict sharemarket movements we are actively involved in ensuring our clients investments are appropriate to their needs. As a client of Muirfield you will benefit from …
Read MoreWhats new in 2010/11?
There are a few changes that come into effect now that we are entering into the new year. Will you be affected? Prime Minister Julia Gillard has slashed the mining tax rate and cut the types of resources affected in order to secure an agreement with mining companies – lopping $1.5 billion from expected revenues in the process.
Read MoreInsurance 101 | Are You Covered?
No one likes to think about death but the reality is that unexpected events can and do happen. That’s why life insurance is so important.
Life insurance cover may provide your loved ones with a lump sum benefit upon your death or terminal illness. While no amount of money could ever compensate them adequately for your loss, the right amount of money could remove the burden of financial stress and cover the loss of income created by your death.
Read MoreSome Comedy Relief
If you would like some budget relief, we have uploaded a video of Tim Vine from the Melbourne Comedy Festival 2010. We thought you would enjoy some comedy that has absolutely nothing to do with the budget. Simply turn on your speakers and click on the movie below to play the short video clip and…
Read More2010 Federal Budget Summary
The 2010 Federal Budget Summary was presented Tuesday night 11 May 2010. This summary provided by MLC covers the Henry Review proposals, personal tax changes, super changes and social security changes.
Read MorePrivate Health Insurance
There are two types of private health insurance cover available from registered health funds:
* hospital cover; and
* ancillary cover.
While hospital cover helps with the cost of treatment by your doctor and other costs like hospital accommodation, ancillary cover provides benefits for services such as physiotherapy, dental and optical treatment.
Read MoreImportant: Macquarie Cash Management Trust
Macquarie have announced that all clients with a Macquarie Cash Management Trust (CMT) will have the option to convert to an at-call deposit with Macquarie Cash Management Account (CMA). We support the change and believe this to be in your best interest for the following reasons– You will be benefiting from the Retail Guarantee –…
Read More2010 Autumn Newsletter
Welcome to the first edition of Muirfield eNews!
The eNews approach is being adopted by many organisations and since we are not ‘typesetters at The Age’ we struggle to fit our articles to an A4 sheet. The more open format will allow you to glance at the articles and then read on according to your interest levels. Hopefully you read them all.
The big news for most of you is the award given to Navigator as Australia’s best investment administration platform. We hope you enjoy the new format.
Click here to read the 2010 Autumn Newsletter
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