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The assets test in 2017 could increase your Age Pension entitlements, take some or all of them away. With the new revisions to the Age Pension assets test, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected.
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Income protection insurance covers you if you have an accident and you can’t work. Most policies will cover up to 75 per cent of your salary. Some will go as high as 85 per cent but the extra 10 per cent goes into your super.
There’s a waiting time of 14 days up to two years and the longer the waiting period, the lower the premiums and you can get them to cover you to 65 years of age and some will go to 70!
It’s important to work out what the agreed salary definition is as this is important to the policy, the premiums and whether it works for you if something goes wrong. More...

These types of funds, also called a Do-it-yourself fund (DIY fund), are designed for people who want more control over their super. They take on all of the responsibilities associated with the operation of their super fund, although they may outsource some functions such as administration of the fund. It is generally considered a viable proposition once members have $200,000 or more. ‘BMK Financial Services’ can provide advice to SMSF trustees on investment, and insurance strategies. More…