| Strategy ID |
Section |
Strategy |
Description |
| 169 |
Social security |
Gifting to reduce assets and income (within limits) |
This strategy is only optimal under the following conditions: |
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- Client has set an objective to provide for dependants/beneficiaries
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- Client objective is to maximise Centrelink
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- Gifting does increase Centrelink entitlement.
|
| 170 |
Social security |
Gifting to reduce assets and income (outside limits) |
This strategy is only optimal under the following conditions: |
| |
|
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- Client has set an objective to provide for dependants/beneficiaries
|
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- Client objective is to maximise Centrelink
|
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- Gifting does increase Centrelink entitlement.
|
| 171 |
Social security |
Apply for age pension |
This recommendation will always be triggered whenever a client eligible. |
| 172 |
Social security |
Funeral bond to reduce assets and income |
This strategy is typically optimal under the following conditions: |
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- Ensure funeral is provided is a set objective
|
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- If client has set an objective to maximise Centrelink and the recommendation will increase Centrelink entitlement.
|
| 173 |
Social security |
DVA Service Pension |
This recommendation will always be triggered whenever a client eligible. |
| 174 |
Social security |
Contribute to superannuation to reduce assets and income |
This strategy is triggered when contributing money to a younger spouse results in an increase in Centrelink entitlement. |
| 175 |
Social security |
Family Tax Benefit (FTB) |
This recommendation will always be triggered whenever a client eligible and they are not already receiving it. |
| 176 |
Social security |
Commonwealth Seniors Health Card |
This recommendation will always be triggered whenever a client eligible and they are not already receiving it. |
| 177 |
Social security |
Fund your aged care costs (RAD) |
Optimisation engine determines appropariate level of RAD v DAP. Key considerations will include: |
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- Capital available to fund RAD.
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- CGT implications in funding RAD.
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- Principal residence – Is it best to sell/hold/use as a permanent investment property/rent out for just 2 years to utilise exemption period.
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| 178 |
Social security |
Improve the family home to reduce assets and income |
Whether this strategy is optimal or not will depend on if the projected building depreciation is greater than expected increase in Social Security. |
| 179 |
Social security |
Disability Support Pension |
This recommendation will always be triggered whenever a client eligible and they are not already receiving it. |
| 180 |
Social security |
Newstart Allowance |
This recommendation will always be triggered whenever a client eligible and they are not already receiving it. |
| 181 |
Social security |
Social Security – Apply for government parental pay |
This is recommended when we determine client/s is eligible and they have not currently applied. |
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