Liam asks: I want to invest some money for my children to use when they are older. I’ve looked into scholarship funds but I can’t guarantee the money will be used to pay for their education. What other options could be suitable? Hi Liam. Scholarship funds can be a tax-effective option if the money is […]

The challenge Keith and Nicole were informed that Nicole’s mother Janelle required low level residential aged care. Their immediate need was to find the best aged care residence to look after her, yet without having a significant impact to her financial position and in turn her social security benefits. Janelle has her home worth $1m, […]

The challenge Fred and Wilma were concerned about what would happen to Fred’s pension upon his death. Fred’s service period began on 1 January 1995 and his pension balance is $700,000 which consists entirely of the taxable component. Although tax-free if paid to Wilma, should the death benefit be paid to his adult children then […]

The challenge Brad was about to turn 65 and was looking to retire whilst his 50 y.o. wife Angelina has been a stay at home mum to look after their children. Brad has $500,000 in his superannuation and they have an investment property they own jointly worth $400,000 where they receive rent of $300 per […]

The challenge Liz and Shane decided it was time to retire. After the sale of two business assets they expect to receive net sale proceeds of $1.1m. One asset has a gross capital gain of $450,000 whereas the other asset a $70,000 capital loss. Their accountant has confirmed that their business meets the broad eligibility […]