#27 Lifetime Income Streams and Annuities with Gayle McKew

Gayle explains what Lifetime Income Streams and Annuities are

Including Tax Paid on these

Market Linked and CPI linked Annuities

Older Style Annuities compared with Current Annuities

Concepts Such as Guarantee of Capital, Residual Amounts and how Annuities tie in with Centrelink

#26 Superannuation - Inheritance with Gayle Mckew

How can receiving an inheritance affect Centrelink

What happens when different categories of people inherit Super

Binding Nominations

Tax Implications

and more

In this episode Rebecca answers questions

Drawing a weekly amount or lump sum amount from Super. How it affects the Age Pension

Qualifying for Age Pension, New Start, 

How turning a Principal Place of Residence (PPOR) into a rental property affects the Age Pension

Does owning two properties prevent you from receiving the Age Pension

What is a Granny Flat Interest or Arrangement?

What does "Interest" mean in this context?

Do you need to be a home owner?

Is it always the traditional "Backyard Granny Flat"?

Lifetime Rights to Live there

Is it included in the assets test?

Does it matter if there is a Mortgage?

Does a Graanny Flat affect "Gifting Rules"?

What happens if Granny/Grandad needs to go into Aged Care?

Could this work with two homes on omne title and more...

Topics include:

Superannuation Guarantee

Salary Sacrifice

Concessional and Non Concessional Contributions

Bring Forward and Carry Forward Rules

Superannuation Splitting

Government Co-contributions

Downsizer Contributions

and Age Limits 

Superannuation Gayle explains Eligibility, Conditions of Release and Preservation Age and more.

What is an Account Based Pension?

What is meant by Pension Phase?

Lump Sums and Regular Income Payments

Tax

Binding Nominations

Centrelink Treatment of Account Based Pensions

Minimum Withdrawals

and more

Gayle explains a brief, basic history of superannuation and why it exists

When it became compulsory

The accumulation phase explained

The Superannuation Guarantee 

How Accumulation accounts are taxed

What a Notice of Intent is

How Centrelink treats money in Accumulation Account

What is the HEAS?

Who qualifies for the HEAS?

How much can you borrow using the HEAS?

Is it different to a traditional Reverse Mortgage?

When is the loan repaid?

What sort of interest rate is charged?

A great episode for retirees/Age Pensioners

What is Carer Payment and Carer Allowance?

Do you need to be living with the person you are caring for?

Are ther any work, income or assets tests for these payments?

Caan you claim for caring for more than one person?