The Australian Taxation Office (ATO) has extended to 30 June 22 the following administrative concessions for self-managed superannuation funds (SMSF) impacted by COVID-19 that were offered for the 2019-20 and 2020-21 financial years.
Interest rates are the cost of money when borrowed or loaned, and are used to control inflation and economic growth. But why do interest rates rise and fall, and how can they affect you?
Gearing can be an effective and tax-efficient way of building your investments over the long-term. While it can increase your investment returns, you should be aware of the risks involved.
Some retirees who need aged care may prefer to stay at home, whilst others may need or prefer the assistance that a residential aged care facility can provide. To access residential aged care, the person requiring care must be assessed and approved by the Government’s Aged Care Assessment Team (ACAT).
Many retirees who require care are not aware that a variety of services are available for those who prefer to stay at home. Home Care Packages provide Government subsidised services to assist people to remain in their home for as long as possible.