Benwest Investment Services

https://news.benwest.com/battleground-set-for-changes-to-superannuation-tax/

Battleground set for changes to superannuation tax The Liberals will go to the next election pledging to repeal Labor’s plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent for balances above $3 million from 2025/26. It will ...

Speak with one of our Financial Advisers to see whether this strategy could benefit you

Thinking of selling your home? 🏡

If you’re aged 55 years or older, from 1 January 2023 you may be able to contribute up to $300,000 of the sale proceeds into your super without it affecting your contribution caps!

For more info and to see if you’re eligible, visit www.ato.gov.au/Individuals/Super/Growing-your-super/Adding-to-your-super/Downsizing-contributions-into-superannuation

Living your best life in retirement

Living your best life in retirement Living your best life in retirement can involve a variety of activities and steps, depending on your individual preferences and goals. Some general suggestions for making the most of your retirement years include: Maintaining a healthy lifestyle: Eating a balanced diet, getting regular exercise, and...

Benwest wishes you and your loved ones a joyful Christmas and a happy and prosperous New Year.
We will be taking a short break from 23/12/22 to 9/1/23.

The Importance of Taking a Break During the Festive Season There are countless countdowns everywhere, whether it’s for Christmas or the new year, and yet, when the festive season happens, it always comes as a bit of a surprise. Some people experience a touch of panic and get lost in the holiday rush. Feeling unprepared and out of time can be debilitating ...

https://news.benwest.com/pensioners-can-earn-more-before-christmas/

Pensioners can earn more before Christmas Age pensioners will be able to pick up extra shifts and earn some extra cash before Christmas without losing their benefits. New laws increase the amount they can earn by $4000 to $11, 800 from December 1 until the end of 2023 before their pension starts to taper. It will benefit more than 50, 000 p...

Moving a loved one into an aged care home can be a stressful, emotional, and ambivalent experience — both for the person making the move and their family, friends, and carers.

Caring for Someone in an Aged Care Home Your role as a carer does not necessarily end if the person you’re looking after moves to an aged care home. Even after moving them into a care facility, you might still spend a lot of time there, providing care and giving them company. However, even when moving into an aged care facility may be c...

https://news.benwest.com/top-5-international-destinations-for-retirees-to-visit/

Top 5 international destinations for retirees to visit If you’re an Australian or British retiree, retirement is the perfect time to travel the world and explore the places you’ve always wanted to see. Travelling may lead to much more than just a relaxing vacation, too. Seeing the world in your 50s, 60s, and beyond can also be good for your health a...

https://news.benwest.com/cheaper-child-care-could-soon-be-a-reality/

More than one million families could soon receive cheaper child care under proposed changes aimed at getting women back into the workforce.

Cheaper child care could soon be a reality More than one million families could soon receive cheaper child care under proposed changes aimed at getting women back into the workforce. Education Minister Jason Clare outlined the discounts in legislation introduced to parliament on Tuesday. A family on a combined annual income of $120, 000 with...

Departure of housing investors sends rents higher Investors are selling more homes than they are buying, a trend which is driving the shortage of rental stock and surging rents.

https://news.benwest.com/underinsurance-problem-in-australia-puts-lives-at-risk/

Underinsurance problem in Australia puts lives at risk Australians can probably consider themselves fortunate. Compared to other nations, Australia’s social security, healthcare services, and living standards are quite competitive. However, the problem with knowing this for some people is that it can also breed complacency, which in itself can be harm...