EVOLVE NEWSLETTER April / May / June 2017 Quarter


Part of Evolution’s commitment to helping our busy clients source investment properties to meet their long-term financial goal

For over 10 years Evolution has endeavoured to provide the best possible holistic service to our clients.

Our commitment to our clients continues to evolve with the addition of our Direct Property Service in our suite of services available to you. We can assist with the acquisition of properties locally in Newcastle and the Hunter, or in an East Coast capital city.

If you’re considering including an investment property in your portfolio, our experienced Advisers will help determine whether it’s a suitable and appropriate investment for your situation in order for you to achieve your financial goals.

The newest offering from our Direct Property Service is LUMINARE.

LUMINARE is located in Newstead, one of Brisbane’s most prestigious addresses. This owner occupier quality investment offers a significant affordability benefit compared with the Sydney market and has many attributes that may be difficult to achieve in the local market moving forward. Please contact David Hodgson for a full briefing on LUMINARE.

Elder Financial Abuse

What is elder financial abuse?

Defined under elder abuse by the World Health Organisation elder financial abuse is ‘a single or repeated act or lack of appropriate action, occurring within any relationship where there is an expectation of trust which causes harm or distress to an older person’. Examples of elder financial abuse can include, misuse of Power of Attorney, forced changes to Wills, controlling access to finances and exploitation of a carers status.

How to recognise elder financial abuse?

Financial planners are well positioned to assist in protecting their clients from elder financial abuse by looking out for red flag activity which may include

  • A sudden change of Will and Enduring Power of Attorney to a new friend or unknown person
  • Large withdrawals of money
  • New mortgages and guarantees
  • Problems paying bills
  • Transfer of property for no payment
  • Sale of house with no proceeds received
  • Anxiety and fear around family members
  • Withdrawal from activities.

By safeguarding the financial wellbeing of their clients, financial planners can play an invaluable role in reducing and eventually eliminating this shameful behaviour affecting some of the more vulnerable members of our community.

7% Estimated average of elderly affected by financial abuse

Almost $50M From 155 matters (2014 – 2015 in QLD only)

80 – 84 Typical age of victims

50 – 54 Typical age of abusers (52% sons, 45% daughters)

Source: MONEY & LIFE (by the Financial Planning Association of Australia)

Super changes. You need to prepare for now

The countdown to super reform has begun, with new rules set to take effect on 1 July 2017. If you haven’t thought about how your super might be impacted by the changes, now’s the time to get ready.

Important changes

Changes to super contributions caps (both before and after tax contributions)

The limits to how much you can put into your super will change. Before 30 June 2017, you’ll need to make sure your total balance in the tax-exempt pension phase isn’t over $1.6 million.

Changes to pensions and transition to retirement pensions

If you’re currently using or are thinking about using a TTR pension as part of a strategy to boost your super savings, this strategy might not be as beneficial from July 1, 2017.

Potential changes to your estate planning

It’s important to consider that any changes to your super strategy may have a knock-on effect for your estate planning.

The current super reforms are complex and will affect different people in different ways. So before you make any decisions about your financial strategy, please talk to your Evolution Adviser.

Contact Us

Head Office

Unit 1, Building 2, 335 Hillsborough Rd, Warners Bay, NSW 2282

PO Box 305, Warners Bay, NSW 2282

P 4903 1111 F 4954 6799

Newcastle Office

380 Hunter Street, Newcastle, NSW 2300

P 4928 8900 F 4928 8950

Follow us on Facebook @evolutionadvisers



Created with images by Jack.Flanagan - "His Hands"

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