Goldsborough logo

News & views

Explore our latest blog articles, newsletters, videos and more. We add a new blog article to this page every week, and you can subscribe below for notifications. If you have a topic you would like to read about in one of our future articles, please get in touch and let us know.

Filter by

Category










Author











$1,000,000,000 ($1 trillion) will be passed on to the next generation of Australians by 2025, this number is projected to balloon to $3.5 trillion by 2025. It is a life altering event and one of life’s major financial crossroads, bringing new challenges and complexity as your lifestyle and wealth management goals change.
A government task force looking into the aged care sector in Australia has recommended that those of us with the financial means should pay for our own living and accommodation costs. This would be a substantial change to what currently happens. Currently, the taxpayer covers most of the expenses for aged care – around 75% of residential care costs and 95% of in-home care costs.
The type of concession card you may be eligible for is based on your age and circumstances. A Pensioner Concession Card (PCC) is issued to pensioners, a Low Income Health Care Card (LIHCC), is issued to someone on lower income, regardless of their age, and a Commonwealth Seniors health Card (CSHC), is available to someone who is above age pension age and doesn’t qualify for any social security payment.
The lump sum that you pay for your room (known as the Refundable Accommodation Deposit or RAD) comes back to your estate when you pass away. If you have paid a lump sum for your room in a residential care facility, you give up access to this money whilst you are in care, but these funds remain part of your estate which can be left to your beneficiaries. The full amount is refundable (unless you have allowed any ongoing care fees to be deducted instead of paying these costs via your bank account).
Join us as we celebrate 30 years on radio with FiveAA Thursday 29th March at 3pm. Our advisers now join the fabulous Jade Robran every second Thursday at 3pm to shine a spotlight on financial planning topics and answer your questions. We are now being live-streamed via Facebook and Twitter. Follow the link on the FiveAA homepage.
There have been many complaints regarding the amount of administration fees some providers have been charging clients for managing their home care packages. This has resulted in less care package funds being available to be used for what they are intended: help around the house, personal and clinical care, assistive equipment, and other supports to help people stay safe and independent at home.
Financial Planning Week is an opportunity each year for the community to understand a little more about what a professional financial planner does, and what benefits they can provide. Here at Goldsborough, we have a 30-year history of providing quality advice, service and support to many thousands of clients over that journey. Many have been clients for well over 10 years for some of the reasons that recent research(1) conducted by the Financial Planning Association confirmed.

Get in touch

This field is for validation purposes and should be left unchanged.

Latest insights

In the decade leading up to the COVID pandemic, industry superannuation fund executives became fond of boasting about capitalising on the so-called “illiquidity premium” derived from tying up member’s assets in long-dated, illiquid assets, namely unlisted property and infrastructure.
I recently gave a speech to the Unley Rotary Club on Cybersecurity and awareness of financial scams; the audience had some fantastic follow up questions and many more than I expected. The interesting outcome for me from that presentation was the audience’s sheer diversity of understanding of what scams exist, how they affect people and what someone can do to avoid those risks. Some were genuinely shocked, others apathetic; It won’t happen to me, I’m not affected as I don’t use Facebook, what can I really do to stop it…?
Millions of Australians have (or are about to) receive their first pay packet for the 2024-25 financial year, and it should contain some extra cash. Thanks to the federal government’s “Stage 3” changes to individual tax rates and thresholds, all 13.6 million Australian taxpayers will benefit from income tax cuts that started on 1 July 2024.