Caitlin's story reminds us of how brave some young individuals can be.
The Conroy's story pull at the heart strings and it certainly illustrates the importance of support in a time of need.
Having the right insurance can make a world of difference and DSM's mission is to help all individuals and families who feel they don't have appropriate cover.
A home loan with intelligent extras
DSM isn't just your ordinary Mortgage Broker. Backed by our Financial Advisers your new home loan from your lender of choice also comes with a money management plan.
Information and control in the palm of your hand helps you manage your finances like a pro without having to lift a finger.
• Automatic budgets allowing you to keep track of where your money goes
• Link your professionals for support and assistance
• Mortgage Reduction Strategies with monthly status reports
• Data feeds for Super, Investment Properties, Shares, SMSF
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Frequently Asked Questions
Superannuation forms part of the matrimonial assets, and are therefore on the table when calculating a split of assets in a divorce.
Many times in the past, the main income earner would keep their superannuation, and lose the home. This is not an appropriate strategy for many people however, as superannuation is locked away until retirement. You should always consult a financial adviser in conjunction with your solicitor when dividing assets in divorce.
Well… maybe you can.
If you wish to retire early, you will need to build your personal wealth to a level that can support your desired income in retirement, without being able to access the age pension. If you want to retire before your superannuation preservation age, you will need even more wealth to support you until you can access this.
Please speak to a professional adviser to help determine appropriate strategies for building wealth.
Aged care is a complex area, with many financial considerations to be taken into account. Something that many people miss in the complexities of calculating bond payments, daily living allowances and expenses as well as additional spending money, is the fact that while the partner needing aged care is sorted out, not enough attention is provided to the partner who will remain in the home.
Living expenses do not decrease by half just because someone moves out. This is something you need to ensure is managed with your adviser.
Under the new contributions caps, each person can contribute up to $25,000p.a. including any employer guarantee contributions, and claim tax deduction for what they put in personally.
If not claiming a tax deduction, $100,000p.a. can be contributed. This can be brought forward for 3 years, so you can contribute up to $300,000 in one year, but none in the following 2.
Yes, your children can inherit your superannuation, but there can be tax issues if the children are adults. There are a number of strategies to address this and reduce any potential tax for your children when inheriting superannuation. You should discuss this with your adviser.