If you or someone you love is downsizing ahead of retirement, this blog which outlines the downsizer contribution rules and eligibility is a worthwhile read. From July 1 2022, the age of eligible Australians who can make a downsizer contribution drops from 65 to 60. In the video below, our Certified Financial Planner® Glenn Hilber,…
Most people have Total and Permanent Disablement (TPD) Insurance within their super by default. Whereas others apply for a Total and Permanent Disablement policy through a retail insurer outside of their superannuation fund. There are pros and cons for both for those of these alternatives, and our Certified Financial Planner® Glenn Hilber discusses some of…
Do you have questions about the TPD claims process and what to expect? In this blog – and video below – we run through some of the typical steps that occur when submitting a TPD claim, and discuss how long you may have to wait for your claim to be completed. Before we begin though,…
Numerous superannuation changes proposed for 2022 have passed through parliament. In this blog we outline four (4) superannuation rule amendments which are due to come into effect on July 1 and will be favourable for thousands of Australians and their hip pockets. Precision Wealth’s Certified Financial Planner®, Glenn Hilber shares more details in the video…
Have you been successful with a TPD claim and you’re not sure what to do next? This blog is for you. If you are faced with the possibility of needing to pursue a TPD claim, a Certified Financial Planner® like Glenn Hilber from Precision Wealth Management can help you to decide how best to use your payout. Below we…
Our Certified Financial Planner® at Precision Wealth Management often gets asked the question: “How much TPD Insurance do I need?” This is actually a difficult question to answer for a few reasons. Firstly, it is impossible to know exactly what your specific health and care needs might be if you do become eligible for a Total and…
At Precision Wealth Management, we understand that having a family comes with unique challenges and responsibilities, but financial planning can help to reduce the associated stresses and create financial stability for the future. In this blog, we share details of how our Certified Financial Planner® Glenn Hilber advised one North Brisbane family who were hoping to maximise…
If you’ve had a successful TPD claim, you may be wondering how much you’ll be taxed on your payout. Generally speaking, there is no tax payable on a personal TPD claim. However, if your payout has been paid into your superannuation fund, you will pay tax when you withdraw any amount of money from there.…