by Bottrell WealthJune 2023 Welcome to our June newsletter and, as the winter sets in and the end of the financial year approaches, it’s a good chance to spend some time tidying up and reviewing your finances. Concerns that the Reserve Bank may lift interest rates this month, along with the drama over the US debt ceiling […]
by Bottrell WealthHitting an insurance home run Most people either cringe or yawn when the word insurance is mentioned but regardless of whether you find it scary or boring, managing risk is a necessity in the world in which we now live. Let’s cover all of the bases to help make your home run as easy as […]
What is Trauma Insurance? Trauma Insurance, also known as ‘Critical Illness’ or ‘Recovery’ Insurance, provides a lump sum payment if you’re diagnosed with a specified illness or injury. A critical illness or serious injury can make it difficult to continue to work and Trauma Insurance can help support you and your family at this time […]
What is TPD Insurance? Total & Permanent Disability (TPD) Insurance can provide a financial safety net to help support you and your family, and pay for medical and rehabilitation costs. It provides a lump sum if you become totally and permanently disabled because of illness or injury. Your own occupation or any occupation The definition […]
What is Life Cover? Life Cover, also known as ‘Death Cover’ pays a lump sum amount of money when you die. The funds go to the people you nominate as beneficiaries on the policy. If you have not named a beneficiary, the trustee of your estate decides where the money will go. Life Cover can […]
What is Key Person Insurance? Key Person Insurance safeguards against operational risk by covering the costs associated with the loss of a key person in a business. The funds can be used to limit any interruption to the business should the unexpected happen. It does so my minimizing the impact on cash flow. The most […]
by Bottrell WealthWho decides what happens to your superannuation savings when you die? You may think that you do, but that isn’t always the case. The ultimate decision may be made by someone you don’t even know – the trustee of your superannuation fund. Let’s look at how you can have greater control. BINDING DEATH BENEFIT NOMINATIONS […]
by Bottrell WealthJust as everyone should have a trusted health professional to rely on, so should everyone have a trusted financial planner. Professional financial advice isn’t just for the wealthy. Financial planning is about establishing a long-term strategy to secure your financial future with the lifestyle and living standards you desire, regardless of your starting point. ‘Value’ […]
by Bottrell WealthYes, that sounds incredible but the Australian Tax Office announced in November 2018 that there is an unclaimed (lost) superannuation account holding approximately $220,000! That’s enough to make you find out if it could be yours – or a family member’s? Anyone who has changed their name, address or job (that accounts for a few […]
by Bottrell WealthMany of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. The complexity of Australia’s superannuation and pension systems doesn’t help. The upshot is that there are a number of common mistakes that retiring and retired Australians make. What are those mistakes and how […]