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Investment bonds & estate planning Intergenerational wealth transfer and financial peace of mind With Tom Hartvigsen Ord Minnett INVESTMENT bonds can be a cost-effective, taxeffective and convenient way to pass on wealth to dependants, with minimal fuss. They’re also one of the most tax effective investment vehicles outside superannuation. Investment bonds have a maximum
tax rate of 30%, but tax optimised investments can range between 10%-15%. Investment bonds have features that can be used in conjunction with, or as an alternative to, conventional estate planning tools – such as a will, a testamentary trust (for future gifting and for making intergenerational wealth transfers), and superannuation.
As a form of life insurance policy but linked to investment returns, investment bonds have a life insured, which for estate purpose would typically be you. On your passing, the bond benefits would be paid to your estate or to your nominated beneficiary or beneficiaries. The investment bond, nominated in favour of a
beneficiary, is a non-estate asset and is not subject to any directions under your will, challenges to your will or any delays in the distribution and finalisation of your estate (meaning you avoid probate). The payment of proceeds can be made confidentially and without the knowledge of other interested parties. Some investment bonds may provide the option of transferring ownership of your investment bond to another person. You may be able to elect when the person or entity gets access to the investment as well as provide for a regular income stream to be paid in the future. The transfer of ownership can happen without any personal tax consequences to your investment or the recipient of the investment bond. Using an investment bond’s transfer on death facility as an alternate estate planning strategy may be useful if you: want to pass on your wealth outside of your will and
estate, pass on your wealth with no tax being incurred and want to manage when your intended recipient can access the investment and/or set a future regular income stream for their use. This is a great way to control and ensure your family benefits from the largest intergenerational wealth transfer this country has seen, all while reducing any possible death tax. Start a conversation today with Tom Hartvigsen from
Ord Minnett on 07 5430 4444 or thartvigsen@ords.com. au. Tom Hartvigsen is an Authorised Representative (no. 000470576) of Ord Minnett Limited, AFS Licence 237121 and authorised to provide tax (financial) advice services. This article contains general financial advice only and does not consider your personal circumstances; you should determine its suitability to you.
Building wealth for generations Through prudent investment advice and market analysis, Ord Minnett has been successfully guiding thousands of Australians through retirement, while building wealth for generations. We forge lasting relationships with individuals and families, enabling them to protect and growth their wealth. With corporate origins dating back to 1872, today we advise clients on more than $62 billion* of their investments. Start a conversation Tom Hartvigsen, phone 07 5430 4444, email thartvigsen@ords.com.au or visit ords.com.au
Ord Minnett is the trading brand of Ord Minnett Limited ABN 86 002 733 048, holder of AFS Licence Number 237121, a Market Participant of ASX Limited and Cboe Australia Pty Limited and a Member of the Stockbrokers and Investment Advisers Association. *As at 30 April 2024
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Glasshouse Country & Maleny News, Tuesday October 1, 2024 PAGE 17
Senior groups’ funding boost $200,000 is going towards 115 deserving seniors focused community groups THIS October, Seniors Month in Queensland will feature a record-breaking 115 community groups and not-for-profits, sharing $200,000 to host a wide range of events and activities. The month-long celebration will include jazz concerts, pickleball matches, seniors expos, and cycling adventures, among other activities. Funded by the state government and
coordinated by COTA Queensland, the festivities will promote positive attitudes towards ageing and it will celebrate the contributions of older Queenslanders to our community. Events will take place across the state, from Mareeba to Mudgeeraba, with activities such as cooking workshops, family tree research lessons, and personal safety sessions. Seniors Month kicks off
on October 1, coinciding with the United Nations International Day of Older Persons, and will include Grandparents Day on October 27. The funding boost follows from last year’s funding of $136,310 shared among 80 groups. Queensland minister for seniors, Charis Mullen, said this year’s Seniors Month will be bigger and better than ever. “I’m so pleased to
announce 115 organisations will receive a share of $200,000 to host events that encourage all generations to connect, challenge stereotypes about ageing and celebrate older Queenslanders,” he said. “The calendar of events in October will be full of fun and interesting activities, including live concerts, a gardening competition, aqua aerobics, IT sessions and much more. Council on the Ageing
Queensland (COTAQ) CEO, Darren Young, said the organisation was pleased to partner with the state government for this year’s Seniors Month. “Queensland seniors helped build and shape our state and remain the heart and soul of our communities – whether as volunteers or in the workforce, community leaders or carers, grandparents or advocates,” he said. “Events throughout
October will give older Queenslanders the opportunity to connect with other seniors and their communities and to embrace the things they love about getting older in Queensland. “I hope all older Queenslanders will join the celebrations, connect with others and celebrate their shared interests and passions through events and activities being held throughout the state.”
Spare a little time to help CPAP will help you Aged care workers sleep better at night out your Local Community needed
AS an organisation that was founded by volunteers back in 1986, RangeCare has relied on the generosity of local volunteers to support its efforts to deliver a comprehensive range of services across the region. RangeCare is currently seeking Volunteers for a number of positions across multiple regions on the Sunshine Coast and the Hinterland.
RangeCare’s vibrant Op Shop in the heart of Mapleton is currently seeking new volunteers for both regular and relief shifts Monday to Saturday. Op Shop Volunteer, Paddy, enjoys making new connections through her volunteering, “It’s a good day, you get to work with others, there is fun, there is laughs, there is music and it’s a good feeling at the
RangeCare Op Shop Volunteers.
end of the day to go home knowing I’ve done my bit to help in some way.” RangeCare is also looking for volunteers to assist with social and home visits across the local area. Social Home Support Volunteers visit people in their homes or make regular phone calls to offer friendship and social support to vulnerable or isolated member of our community. “Our volunteers play a vital role in supporting both our clients and staff. Through volunteering with us, many people make new connections in the community, feel a sense of meaning and purpose.” said RangeCare’s Volunteer Coordinator, Hannah Eichhorn. If you are interested in learning more about volunteering at RangeCare’s Op Shop, Social Support or one of our other volunteer opportunities, please contact 07 5445 7044 or visit www.rangecare.com. au/volunteer
IF you’re constantly tired and endure the discomforts of snoring, it might be more than just a nuisance. Sleep apnea, a prevalent condition often overlooked, could be the culprit. But fear not, addressing it is simpler than you might think. Begin by taking a free online assessment at cpap.com. au/pages/ sleep-studies to gauge the likelihood of a sleep disorder like sleep Merv Hughes apnea. Your Aussie Cricket Legend. results will direct your next steps. If sleep apnea seems probable, seek a referral for a sleep study through Telehealth or your healthcare provider, which will be conducted by Sleep Testing Australia. During the sleep study, conducted at a clinic, you’ll be fitted with a device to
monitor your sleep patterns. Afterward, a team of experts will analyse your results and provide a comprehensive report within two weeks. With the guidance of a sleep consultant, you’ll understand your diagnosis and available treatment options. For those already diagnosed, CPAP Direct offers support in navigating CPAP therapy, ensuring the right equipment for your lifestyle. By following these steps, you’ll embark on a journey towards better sleep and overall well-being. Reclaim your vitality with the support of Sleep Testing Australia and CPAP Direct. For assistance and CPAP equipment, visit cpap.com. au.
THE state government has launched a $3 million initiative to address workforce shortages in the aged care sector. Partnering with industry and training providers, the Industry Skills Solutions fund will offer flexible training programs. This will help to meet the growing demand for aged care workers, with over 14,300 new jobs expected by 2026. Caloundra MP, Jason Hunt, said this initiative is important because all of the Sunshine Coast’s health professionals are heroes. “The Sunshine Coast is booming in terms of jobs, growth, and population, and we want to ensure locals get to enjoy our great quality of life right through to their older years,” Mr Hunt said. “This initiative is about doing what matters for the locals that need aged care, and the workers the sector needs to deliver it.”
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orders@topnoshmeals.com.au ß www.topnoshmeals.com.au | 14/21 Peachester Rd, Beerwah
PAGE 18 Glasshouse Country & Maleny News, Tuesday October 1, 2024
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Love getting older in Queensland
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Glasshouse Country & Maleny News, Tuesday October 1, 2024 PAGE 19
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The sunny side of aged care ‘Age in place’ with the caring Sunnymeade community SUNNYMEADE is a family owned and operated facility which, since opening its doors in 1982, has grown to become a fully integrated aged care community and independent living retirement village. The team of experienced professionals at Sunnymeade Park are committed to each resident and the aged care industry. Residents can have full confidence knowing that Sunnymeade will provide them with a secure and worry-free lifestyle which enables ‘ageing in place’. Owner Anthony Walker said Sunnymeade is very unique, as it’s one of very few remaining single family operated villages and age care facilities. “There are so many corporate, resort type villages popping up that it has become very rare for these facilities to be family
operated and that’s what I think sets us apart,” he said. “When you come to us with issues or concerns, you know who you’re dealing with. There is no corporate ladder to reach the person in charge. “We pride ourselves on not only maintaining industry standards, but also exceeding them to raise the benchmark in aged care.” ‘Ageing in place’ is at the core of Sunnymeade’s vision and mission in providing outstanding care for the elderly. This philosophy enables residents to live the lifestyle they choose while receiving the level of care appropriate for them when they require it – all within the one facility. As a resident’s care requirements grow and change, Sunnymeade’s senior staff review and adapt the services provided to ensure optimal wellbeing
and outcomes for all. From independent retirement village living to comprehensive medical and nursing arrangements, Sunnymeade offers accommodation and services to cater for a wide variety of care and lifestyle requirements. “Our vision is to be recognised as a leader of aged care in the community by providing an excellent standard of care and accommodation for the elderly,” Mr Walker said. Sunnymeade offers a range of activities and outings for residents, both of the retirement village, as well as the aged care facility.
“We are right next to town so often have the local sports club courtesy bus pick up and drop home residents for events. Sunnymeade has its own bus that is shared between the RV and the aged care community taking residents on local outings, events, picnics and more,”Mr Walker explained. Both the retirement village and aged care community have active social committees organising events at Sunnymeade. The retirement village also welcomes residents with pets, ensuring residents feel right at home.
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NEED A BREAK ?? With Summer holidays not far away, now could be a great time to explore respite care options for you and/or a loved one.
362 KING STREET, CABOOLTURE PAGE 20 Glasshouse Country & Maleny News, Tuesday October 1, 2024
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