Retirement Villages Australia
Articles and news about Retirement Villages and retirement in Australia.
Retirement village news and articles:
Retirement Villages - Friends in
Need
By: Raymond Cheung
The value of retirement villages has never been more appreciated than now when people are realizing the benefits of these communities for retirees who want to live comfortably after retirement. Retirees should be given a chance to enjoy life after working and sustaining their families for most of their lives. Now that they have fulfilled their responsibilities to their families, it is time that they enjoy the financial benefits of their retirement provided they have saved up enough for this. With this in mind, it is important for people to start taking retirement planning seriously. Read more about Retirement Villages
Retirement village living
An overview of the NSW retirement village laws
Once you have made up your mind to move into a retirement village, there are many important things to take into account before finalising your choice. These issues are covered in the following chapters of this booklet. There are many hundreds of retirement villages in NSW of different sizes and style providing a range of services and facilities. Take time to obtain all the information you can from the villages of interest to you. Read more about Retirement village living
Being close to my grandmother, it really became up to me to decide where she should live after her house was sold. There were a few options, she could live with us, buy a new smaller house, or move to a retirement village. We thought about it for some time and decided the retirement village option would be the best.
Read more about This Retirement Villages Decision
Retirement Villages Amendment Bill passes NSW Parliament
Fair Trading Minister Virginia Judge today welcomed the passage of the Retirement Villages Amendment Bill 2008 by the NSW Parliament.
Ms Judge said the new laws would better protect the rights of retirement village residents without compromising the viability of an industry vital to our ageing population.
“Retirement villages are an increasingly popular lifestyle choice for NSW seniors,” Ms Judge said. Read more about Retirement Villages Amendment Bill
Retirement village articles on other sites:
Ready for retirement
When you finally make the decision to retire, it can seem like the end of an era but where you spend your retirement is the next important decision to make.
1) Are seniors becoming more particular or choosy about retirement living?
More and more the reality of ‘retirement' in modern Australia is changing. With a seemingly endless choice in the types of lifestyle on offer – from apartments to retirement villages and resorts – communities such as PrimeLife's Coastal Waters in the NSW south coast area of St Georges Basin are helping to redefine what it now means to be retired.
Residents want and deserve the freedom to choose a lifestyle that fits their needs and preferences, and people are increasingly more discerning about what's involved. Read all of this article here
Saving Tax for Seniors with the Senior Australian Tax Offset
Retirement income streams receive preferential treatment from the government with respect to taxation and social security treatment.
By utilising the Senior Australian Tax Offset (SATO) and the low income tax offset, single persons and couples can reduce tax payable. The Medicare levy thresholds applying to Senior Australians coincide with the tax thresholds so Medicare levy will be payable only if there is a tax liability. Read more
Maximising Tax Deductions on Super Contributions
The attractiveness of investing through superannuation is now at an all time high. Individuals looking to maximise their super savings, especially those approaching retirement, should look to:
* either salary sacrifice in the case of employees
* or make a tax deductible contribution to a super fund if they are self-employed.
Effective 1 July 2007, a universal limit of $50,000 for deductible contributions to superannuation irrespective of an employee's age. Additionally, employers will be able to claim a deduction on contributions up to age 75. Read more
Retirement Village Living - The Basics
Retirement villages offer an accommodation and lifestyle alternative that may suit many people. But as you will already know if you have spent some time trying to understand the available alternatives, they are not a simple product. There are at least 8 different legal structures and well over a dozen different and difficult to understand departure fee structures. The legal documentation is also extensive and complicated and it can vary significantly from village to village.
This means that retirement living may not be as simple and straightforward as you might have hoped. It also means that the financial implications of moving to a retirement village can be quite complicated and making sensible comparisons between retirement villages that have different legal structures or different departure fee structures can be very difficult. Read More
10 Year Cost Comparison: Village Or Stay In Family Home
Considering the alternatives of staying in the family home and moving to a village community requires examination of not only the financial benefits of each, but also the quality of life aspects as well. Read more
