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Leveraging a strategy known as superannuation recontribution, which can help reduce taxes on inheritances for their children
FAQs: Australia’s New Support at Home Program (Launching 1 July 2025).
Starting 1 July 2025, older Australians will have access to a revamped aged care system designed to help them stay independent in their own homes. The Support at Home Program, announced by the Australian Government, will streamline existing care options, providing more flexibility and tailored support. Here’s what you need to know.
The financial landscape is shifting rapidly, with global trade tensions, taxation debates, and economic policies affecting investors, retirees, and businesses alike. Here’s a round-up Phillips Wealth Partners thought you may find of interest featuring the latest financial insights that may impact your financial planning decisions.
KJB Law and Phillips Wealth Partners recently hosted a seminar aimed at educating prospective residents about retirement village contracts and aged care costs.
University of Canberra nursing students awarded inaugural scholarship inspired by the care and compassion of Canberra nurses.
A bipartisan agreement has been reached on a $5.6 billion package of aged care reforms aimed at improving support for older Australians, both at home and in residential care. These reforms, resulting from negotiations between the federal government and the Coalition, are being hailed as the most significant changes to the sector in 30 years.
Using money or assets from your company or trust for private purposes can have tax consequences if you don’t account for these transactions correctly. That’s why it’s important to get it right.
Wise is a photography project about our elders – our parents, grandparents, friends and mentors – to honour their stories and their wisdom.
If you are feeling a bit like the meat in the sandwich you are not alone. The ‘sandwich generation’ is a growing social phenomenon that impacts people from all walks of life, describing those at a stage of their lives where they are caring for their offspring as well as their parents.
On face value, it appears that bigger up and down days in markets (or vice versa) are upon us. However, this is not a sign of a broken market—it is very typical of what happens when investors are trying to digest new information quickly. It won’t last forever and won’t get in the way of us achieving your financial aspirations.
The Government has proposed to release an additional 24,100 home care packages over 2024-25, at a cost of $531.4 million.
Prime Minister Anthony Albanese has announced changes to address ongoing cost of living pressures with all 13.6 million Australian taxpayers receiving
a tax cut from 1 July 2024, compared to the tax they paid in 2023-24