Why it’s time to talk health with your financial adviser
With over 40,000 products in the health insurance market competing for attention, choosing the right cover can be daunting. The marketplace can seem confusing and expensive – but there are ways to narrow the field.
It can help to start someplace you might not expect – your financial adviser.
Like your finances, your health changes as you move through life, and your health insurance should reflect these changing needs. If you review your health cover every year, you’ll have a greater understanding of its benefits, as well as making sure it’s keeping up with your life stage.
A well as ensuring you’ve got the right cover for your situation, reviewing your cover may also save you money by making sure you’re only paying for what’s important to you.
When it’s time to review your health cover, it doesn’t have to be overwhelming. As advisers, we’re committed to finding you the best financial outcomes, and we know the big role financial health plays in your overall well-being. Talking to your adviser about health cover could save you money and give you more confidence in the policies you have.
You can also get access to discounts by starting a review of your health insurance through your financial adviser. If you want to find out more, please call contact us.
Your health is important, so make sure you have confidence in your health cover too.
Are you super aware
It seems that the beginning of every financial year brings changes
to superannuation, and 2019 is no different.
If you didn’t get a chance to read the fine print of the legislative
changes that came into effect from 1 July 2019, here’s a summary of
the big three.
Concessional contribution cap carry-forward According to the Income Tax Assessment Act 1997 (Cth), concessional contributions include:
- employer contributions (including contributions
made under a salary sacrifice arrangement); and
- personal contributions claimed as a tax deduction.
The maximum amount of concessional contributions that
can be made in a financial year is currently $25,000. This is referred
to as the concessional contribution cap……..Continue reading
The Inter-generational Wealth Transfer Windfall
Over the next 20 years, an estimated 12.7 million
people will benefit from the greatest transfer of wealth
to occur. All up, over $3.5 trillion will be bequeathed
to the children and grandchildren of the Baby Boomer
The boomtime generation
The Baby Boomer generation comprises of those
Australians born between 1946 and 1964. They represent
almost 25% of the Australian population and own 60%
of Australia’s private wealth………. Continue reading
Longevity – only a risk for some!
Have you heard of longevity risk? It’s the risk of outliving your
savings. With the current life expectancy at over 80 years of
age, and rising, it’s becoming a real concern.
However, just as important as having enough money in your
retirement, is having the health and wellbeing to enjoy it. With
nearly two-thirds of Australia adults overweight or obese, this epidemic is not only impacting mortality rates, but providing a burden on both the quantity and quality of life.
A report by consulting firm PwC estimates that by 2025, the
cumulative economic costs of obesity will reach $87.7 billion.
…… Continue Reading
Disclaimer: This article contains general information only. The information contained in this article is not designed to be a substitute for professional advice as such a brief guide cannot consider and cover all individual needs, objectives, circumstances and conditions applying to the law as it relates to these items mentioned in this article. No responsibility can be accepted for errors, omissions or possible misleading statements or for any decisions or actions taken as a result of any material in this communication. Appropriate expert advice should always be considered from a professional financial adviser prior to making any financial decisions.