Now that the end of the 2022/23 financial year is almost here, superannuation members who are currently receiving pensions need to take certain actions.
Media Releases
Court case found BDBN held to be invalid
In this case a binding death benefit nomination was held to be invalid because it had not been given to the trustee, that is, not given to all the trustees of the fund. The court found that only one trustee had been given the nomination.
Australian Eagle Trust Long-Short Fund Apr 2023 report
The Australian Eagle Trust Long-Short Fund returned +2.19% net of fees in April 2023.
Work Bank Bonus temporarily increased by $4,000
The Work Bank Bonus cap has been temporarily increased by $4,000. This increase applies from and including 1 December 2022 and will end on and including 31 December 2023.
Higher income limits for Seniors Health Care
The legislation to significantly increase the cut-off limit for entitlement to the Seniors Health Care has been enacted. Now the relevant cut-off limits are $90,000 for a single (previously $61,284) and $144,000 for a couple (previously $98,054). These new limits will be subject to the normal annual indexation cycle which applies each September. The new limits apply from 4 November 2022 and so will be indexed on 20 September 2023.
Isola Fullerton Global Private Alpha Fund to launch in Australia
Mantis is excited to announce that we have partnered with Isola Capital to bring the Isola Fullerton Global Private Alpha Fund (the “Fund”) to Australian investors.
Australian Eagle Trust Long-Short Fund Mar 2023 report
The Australian Eagle Trust Long-Short Fund returned +1.66% net of fees in March 2023.
Practical financial education course launches
Financial adviser Andrew Zbik has launched a personal finance training course for people who want a sustained, disciplined approach to their money.