Powers of attorney | Super lump sums | PBS medicines | Overcapitalisation | Super choice
In this month’s newsletter, we begin with an overview of powers of attorney—an important consideration with regard to estate planning and the management of your affairs. Our animation illustrates super lump sum withdrawals from a retirement perspective. The Pharmaceutical Benefits Scheme (PBS) subsidises the cost of medicine for most medical conditions—we discuss this, and the Pharmaceutical Allowance. In 2016, approximately 62% of Australian home-owners undertook a home improvement—we provide information on home values, improvements, and overcapitalisation. Lastly, recent legislation seeks to address the issue of not all employees being able to choose the super fund for their compulsory employer contributions—to accompany this discussion, we share an interesting video by Jason Silva on the paradox of choice.
The different types of powers of attorney
A power of attorney is a legal document that gives someone the authority to manage your affairs on your behalf. In this article, we provide an overview of the different types of powers of attorney.