Advice Composer - v4.0.1

Created by Stephan Mariani, Modified on Mon, 23 Sep, 2024 at 5:06 PM by Stephan Mariani

Advice Library - September 2024 updates

Strategy Text - 20 September rate updates

Commence a Home Care Package – Maximum daily fee rate changed from $36.60 to $37.55 and annual amount changed from $13,323.68 to $13,669.63
Enter Aged Care Facility and Restructure your Finances – noted added in regards to current interest rate increasing from 8.36% to 8.38% from 1st October.

Strategy Text - Minor wording package

1.Commence a Home Care Package
9.Term Deposit
10.Term Deposit renewal
41.Adjust your personal insurance cover
54.Invest in a portfolio of direct shares
64.Establish a discretionary trust
65.ESablish a family trust
67.Reboot your account-based pension
68.Commence an annuity income stream (super money)
69.Commence an annuity income stream (non-super money)
70.Take an account-based pension benefit as a lump sum
71.Take an account-based pension death benefit as an income stream
73.Retain your defined benefit fund
74.Change your account based pension income payment
75.Invest using a model portfolio
76.Recontribute to your superannuation•
80.Commence a transition to retirement income stream
81.Transfer your UK pension to an Australian super fund
83.Make a downsizer contribution to super
85.Borrow to invest via your Self-Managed Super Fund – Investment
93.Make salary sacrifice superannuation contributions
94.Make changes to your salary sacrifice superannuation contributions
95.Make concessional superannuation contributions
97.Start a new super fund
100.Rollover your super fund/s
103.Transfer your asset/s in-specie to your super fund
104.Make a Non-Concessional Contribution and access Government Co-Contribution
107.Make a non-concessional contribution
108.Make a spouse contribution to superannuation
111.Re-contribute your COVID-19 Early Release of Super

New Strategy added:

Replace your insurance cover

Strategy Flyers – 20 September rate updates:

Aged Care – Current maximum daily fee for residential care has been increased from $61.96 per day($22,615.40 pa) to $63.57 per day (23,203.05 pa). For home care, the maximum daily fee has been increased from $12.75 ($4,653.75 pa) to $13.08 ($4,774.20 pa).
Commonwealth Seniors HealthCard – income limits increased as per below:
- If you're single – cap increased from $95,400 to $99,025
- Couples – cap increased from $152,640 to $158,440
- Couples (separated) - cap increased from $190,800 to $198,050
Carer Allowance – minor date change (copyright)