Income Protection: Your Umbrella When The Rain Arrives

Take a moment to stop and think for a minute. Have you ever considered how your family would fare if you were suddenly unable to work through sickness or injury? Paying off the bills and managing the everyday expenses is hard enough as it is with an income, let alone without one. Under such a stressful circumstance, the last thing one will want to be worrying about is how the gas and electricity is going to be paid. Income Protection insurance provides a monthly income stream of up to 75% of a worker’s regular earnings in the unfortunate event of an injury or sickness, resulting in the inability to work for a period of time. Depending on the policy selected, payments can continue every month until retirement age. Not only can income protection provide the security of...

Superannuation and Year-end tax planning

The end of financial year 2015 is looming and once again, it is that time of the year where you need to lodge your tax returns. In conjunction with lodging in tax returns, you may want to reassess your superannuation fund to obtain the most tax-effective strategy for the year-end tax planning.
  • How can superannuation provide the most tax-effective strategy?  The money that your employer contributes to your superannuation fund and the earnings within the fund are taxed only at 15%, compared to your marginal tax rates.
  • Considering about getting insurance cover and not diminishing your cash flows? Insurance cover such as Life, Total and Permanent Disability, and Income Protection can be incorporated into your superannuation fund. This allows the insurance premiums to be paid out of your superannuation fund balance instead of your own pocket.
  • Do you...