BMG Financial Planning and Accounting Albury Wodonga

April 2021

COVID-19 measures | Aged care | Spouse contributions | Property jargon | General insurance

In this month’s newsletter, we provide a status update on the Government’s COVID-19 economic response measures. When looking to enter residential aged care, what to do with your family home can be complex—our animation illustrates the various options, and the potential impact of each. Super can be a tax-effective investment structure for building and holding a retirement nest egg as a couple—we discuss both this, and spouse contributions. Understanding finance jargon can help when making informed personal finance decisions—we explain commonly used jargon in the residential property investing space. Lastly, we have an informative video by the Bureau of Meteorology that gives context on the recent weather conditions responsible for many Australians’ damaged personal property.

Update: COVID-19 economic response measures

The JobKeeper Payment program, which began on 1 March 2020, has now ended (on 28 March 2021). In this article, we provide a status update on several of the other COVID-19 economic response measures.

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Residential aged care: Family home

Whether to keep or sell your home can be a complex decision when looking to enter residential aged care. In this animation, we illustrate the various options, and the potential impact of each on you.

Launch Video

Building super together: Spouse contributions

According to ASFA, the lump sum savings required at retirement for a comfortable lifestyle is $640,000 for a couple. In this article, we cover building super savings together via spouse contributions.

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Jargon buster: Property investing edition

In the finance industry, there can be a considerable amount of jargon. In this article, we help you to understand some of the commonly used jargon in the residential property investing environment.

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General insurance: Home & contents insurance

The loss or damage to property due to storms and fire can be devastating. General insurance can help in this regard. In this video, the Bureau of Meteorology explains the recent weather conditions.

Launch Video