( Vicki O'Callaghan)
Vicki O'Callaghan is a specialist in the Equity Release (Reverse Mortgage) area of finance, as a SEQUAL Accredited Reverse Mortgages Broker and a founding member of the FORTUS Group. As a FORTUS member, she is obligated to maintain the highest levels of knowledge, education and qualifications regarding the equity release industry in Australia.
FORTUS was formed to establish an industry and consumer benchmark for professional, reliable and consistent service levels in the senior's equity release market. All of the lenders she deals with are members of SEQUAL and offer a ‘No Negative Equity Guarantee'.
Vicki says her goal is to ensure she ...
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Categories: Estate Planning and Structuring, Mortgage Brokers, Press Releases.
X Inc Insider
(Noel Duffy)
Special rules apply in calculating the tax payable on the income of a minor. These rules were introduced to discourage income splitting by means of the diversion of income to children, but they are not confined to situations where income splitting is involved.
Under these rules, ‘unearned income' of minors over $772 (if the minor is eligible for the low income rebate) is taxed at the highest marginal rate of tax (currently 45% plus the 1.5% Medicare levy would be charged if the minor earned an income of greater than $17,604). If the minor is not eligible ...
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Categories: Accounting and Tax, Estate Planning and Structuring, News. Tags: 100% Home Loans, Investment Loans, lo doc, low doc, low-doc-loans, Property Finance.
By Murdoch Lawyers
Most people are aware of the changes to the superannuation law and hopefully have addressed their own circumstances with their financial advisor, particularly with regard to what may need to be done prior to the 30 June 2007.
However, what a lot of people may not have addressed is what happens to their superannuation benefits on death?
The first thing to realise is that superannuation death benefits do not automatically form part of your estate and are therefore not necessarily governed by the terms of your Will. Usually, the trustee of the fund will have the discretion as to ...
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Categories: Estate Planning and Structuring, News, Superannuation. Tags: 100% Home Loans, lo doc, low doc, low-doc-loans.
Sunday Telegraph
Jim Dickens
The superannuation industry will lobby for a baby bonus-style retirement benefit for women in next month's federal Budget.
One of several proposals under development by the Australian Institute of Superannuation Trustees, the plan is aimed at addressing a dramatic shortfall in women's retirement savings. The institute's figures show women's super balances are little more than half those of men on average, due to time spent out of the workforce raising children.
Chief executive Fiona Reynolds said recent changes allowing greater tax-free super contributions did little to boost women's nest eggs as most saved too little to qualify.
``I really think in ...
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Categories: Estate Planning and Structuring, Investment, Media Articles.
