Advice Composer Release Notes V3.2.0

Previous release notes: 

Advice Composer - V3.0.0-beta

Advice Composer - V3.1.0

Consult our article here to know more about versioning scheme attached to our products.

Lots of bug fixes. 

Strategy & Flyers - March 2024 Update

Strategy Flyer Updates:

• Carer allowance: the carer allowance has been increased from $144.80 to $153.50 per fortnight.
• Aged Care – Current maximum daily fee for residential care has been increased from $60.86 per day ($22,213.90 pa) to $61.96 per day (22,615.40pa). For home care, the maximum daily fee has been increased from $12.53 ($4,573.45 pa) to $12.75 ($4,653.75 pa).

New Flyer added:

• Carer Payment

Strategy Text Updates:

Enter Aged Care Facility and Restructure your finances: 

Purchase a funeral bond to value of $14000 changed to $15,000

Enter Aged Care Facility and Restructure your Finances –  interest rate increased from 7.90% to 8.34% under Points To Consider section

Commence a Home Care Package – Maximum daily fee rate changed from $35.95 to $36.60 and the annual amount changed from $13,087.39 to $13,323.68

New strategies added:

• Make a Concessional contribution to your SMSF via in-specie
• Make a Non-Concessional Contribution to your SMSF via In-Specie
• SMSF Trust Deed Upgrade
• Establish a SMSF investment strategy
• Wind up your Self Managed Super Fund
• Invest in a 13.22C Trust
• Acquire an in-house asset
• Establish a Limited Recourse Borrowing Arrangement (LBRA)