It can be a confronting time for families when faced with the need to place a loved one in Aged Care. It’s an emotional time and it can be challenging dealing with the financial needs that must be taken care of also.
You might have questions like:
Why do we have to pay an Accommodation Bond?
What’s the difference between an extra services and a non-extra services place?
What sort of fees will I be paying?
What have Centrelink or Department of Veterans’ Affairs got to do with Aged Care?
We have advisers who specialise in this area, so are well versed in the intricacies and complexities of Aged Care.
Remember, Aged Care providers aren’t licensed to provide advice to better your situation and reduce fees. You should ask yourself who’s interest they’re looking after if they do provide advice.
Our advisors can take the hassle out of the seemingly confusing maze of Aged Care placement. The best part of working with one of our advisers is that they will use strategies to assist you to reduce the ongoing cost of permanent care, thereby preserving family capital and decreasing the likelihood of having to top up the costs of care from your own pocket.
The purpose of Estate Planning is valuable in your life. If your Estate Plan is setup correctly, it will protect your assets, minimise tax, provide adequate contingency and in the event of passing, it will ensure your objectives are met for the division of your assets.
The use of superannuation, family trusts (restricted and discretionary) and insurances are vital for estate planning. Co-ordination of financial planning advice with legal and accounting advice, use of testamentary trusts, and other ‘death event’ specific strategies is crucial to setup your Estate Plan correctly. We can assist you here.
Elements that our advisors consider with working with you on your Estate Plan include:
Integrating Self-Managed Superannuation Funds
Personal risk management & insurance
Tax effective transfer of assets
Tax minimisation strategies
The use of superannuation, family trusts (restricted and discretionary) and insurances are vital for estate planning. Co-ordination of financial planning advice with legal and accounting advice, use of testamentary trusts, and other ‘death event’ specific strategies is crucial to:
As your priorities evolve with time, so do the opportunities for Life’s Nett Advisers to assist you. Our objective is to help you accumulate, protect, and finally transfer wealth to the next generation.
We anticipate that optimal results will come from:
Our consideration of your individual needs
Our innovative approach to financial planning
Your trust in our integrity
Open and effective communication
Empowering you to make better decisions
Your understanding of advice given & action taken
Life’s Nett Advisers will help develop your net worth through financial planning opportunities that will focus on strategies and tools including:
Technical aspects of and use of superannuation
Acceleration of repayment of personal debt
Use of protected (capital guaranteed) investments
Use of gearing
Targeting particular types of return
Isolating key issues requiring specific Tax Advice
Isolating key issues requiring specific mortgage planning or in-depth knowledge of debt products and services
Many Life’s Nett Advisers have skill sets in other specialised areas including:
Law (Legal services)
Complex investment theory
In addition, we have various multilingual Advisors if required.
Life’s Nett look at long term expectations. Our Advisers recognise that results from investment decisions have to be seen both in terms of the dollar value and the suitability of the returns.
This suitability of returns may be that returns are as capital gains or as income, with or without volatility.
Suitability might also consider the consequential risk of any investment (that is, if something does go wrong, what might be the flow-on effects to your given circumstances).
Targeted results will come largely from the strategic allocation between investment sectors (Australian shares, international shares, property, fixed interest, etc).
Life’s Nett Advisers are not tactical sector allocators; we do not advise you on how to make short term bets on which sector will outperform another. Rather, we advise on a diversified and appropriate long term target allocation that might vary strategically over time and in line with long term forecasts and comparative opportunities.
We define ourselves as ‘medium to long term strategic sector re-allocators’.
Market returns can be compressed into three elements: income; growth in income; and, the effect of changing valuation ratios. Life’s Nett look at long-term expectations of market drivers and expects reversions to the long term means or trends of the key indicators. Such key indicators include
Price to Earnings Ratios,
Earnings per Share,
Corporate Profits as Share of GDP,
Price Earnings of Australian Shares compared to International Shares, etc.
We also believe that, where possible and to save transaction costs, changes over time in the strategic allocation of capital to investment sectors should generally be made with new capital or from the earnings from existing investments in preference to selling one investment to buy another.
Incorporating your views on environmental, social, ethical and governance issues
Negatively screen for, or positively include specific investments
Life’s Nett can consider your views on environmental, social, ethical and governance issues. It is possible to negatively screen for, or positively include specific investments or types of investments to focus your capital to support a particular purpose.
You could have a chat with someone who works with home loans, lenders, borrowers, interest rates and property transactions every single day. Someone who knows that all of those ingredients are different, not an average, and that there might just be only one or two of those thousands of loan products out there that are indeed – The Best Home Loan For You.Life’s Nett is an Australian Credit Licensee. Our credit representatives can compare, apply for, and manage residential, investment and commercial loans with an extensive range of suppliers.With every lender promising the best deals and thousands of loan products out there to choose from, it’s a daunting task for the prospective homebuyer to distinguish a truly great loan from one that simply has a good advertising campaign.If you are in the market for the best home loan for yourself, you could do one of the following:
You could ask 10,000 home loan borrowers who they rate as the best lender out there, as the Australian Home Loan Awards did recently – you will be surprised at the award winner, because you probably have never heard of them. But then maybe you are getting the average opinion of 10,000 people and maybe your circumstances are different to the average?
You could web-search ‘best home loan in Australia’ and fight your way through at least six loan comparison sites that will come up on page one of your search results. You might also want to search for ‘ACCC cracks down on comparison sites’ at the same time – that might make better reading!
Personal Insurances are designed to protect your two most valuable assets: yourself and your income.
Life’s Nett acts as a broker when placing personal insurances. Our responsibility is to work for you, our client.
Personal insurances involve the payment of a premium so that a separate party might assume, at a cost of that premium paid, risk that for you might be too large to comfortably carry. Insurances protect your lifestyle and family as well as your business and investment initiatives. The motivation and types of insurance will be influenced by your family’s life cycle, business, and career life cycles, and by attitude toward risk, including your perception of the relative importance of negating risks where possible.
Life’s Nett can provide practical options to protect your two most valuable assets: yourself and your income.
The use of superannuation, particularly Self-Managed Superannuation, family trusts (restricted and discretionary), and insurances are vital for estate planning. It’s the only form of perpetual trust available in Australia.
Life’s Nett seeks to tie in your superannuation and other estate planning requirements with your insurances, business and personal life cycle, and your preference for a suitable balance between ‘tax effective’ outcomes and the need for control of outcomes.
Our Superannuation services include:
Consolidating multiple Superannuation Funds
Investments within superannuation
Minimising superannuation fees
Insurance within superannuation
Suite 15, Fountain Corporate, 2 Ilya Avenue Erina NSW 2250
Life’s Nett Pty Ltd (ASIC #1293632) is an authorised representative of HNW Planning Pty Ltd ABN: 42 083 745 055 AFSL: 225216 ACL: 225216
02 4365 2554 or 1300 558 692
In the spirit of reconciliation, Life’s Nett and it’s partners acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea, and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.