Richard Atkinson demystifies the mechanics and costs of using trusts to quarantine assets for retired/retiring clients who want to better manage their Centrelink Income Test outcomes. 1. Task CentreLink deeming of financial assets tests becomes tougher for retirees seeking access to Government benefits from 1 January 2015… this will affect more people seeking lower costs […]
Richard Atkinson
Dear Client: Is your Seniors Health Card at risk from 1 January 2015?
How can advisers help clients get or retain a Seniors Health Card in 2015? … by quarantining assets and thus income produced from pool of assessable assets.
Insurance bonds can cut aged-care accommodation fees
Aged-care fees can be drastically cut through using tax-paid insurance bonds.
Austock Life is a leading and specialist issuer of insurance bonds investments. Its flagship Imputation Bond (including ChildBuilder) offers a master fund-like menu of over 33 Investment Options constructed under an insurance bond “tax-paid” and “tax-free” distributing structure.