SMSF

A combination RAD and DAP payment is a structure for paying residential aged care accommodation costs that involves paying part of the cost as a Refundable Accommodation Deposit (RAD) and the remaining unpaid portion as a Daily Accommodation Payment (DAP). It allows residents to …

A managed fund is a pooled investment vehicle in Australia where investors' money is combined and managed professionally by a fund manager according to a defined investment strategy. The fund manager makes decisions about what to buy and sell within the fund's mandate, with …

Pooled longevity products in Australia include group self-annuitisation (GSA) products, certain innovative lifetime income streams offered by APRA-regulated super funds, and other emerging designs. They are part of a broader response to the challenge of providing affordable, sustainable lifetime income for Australian retirees.

Commonwealth Rent Assistance (CRA) is a non-taxable additional payment from the Australian Government to recipients of certain Centrelink and Department of Veterans' Affairs payments who pay private rent above a minimum threshold. It is designed to help with the cost of renting, recognising the …

The RAD is one of two main ways to pay for accommodation in residential aged care, the other being the Daily Accommodation Payment (DAP). Residents can choose to pay as a full RAD, a full DAP, or a combination of both.

Some public sector funds remain restricted to specific government employees and their families, while many of the larger funds are now 'public offer' and accept members from the wider community. Modern public sector funds typically offer MySuper default products, a range of ChoiceOptionsand group …

A Choice super product is any superannuation investment option offered by an APRA-regulatedsuper fundthat is not the fund's default MySuper option. Where MySuper is designed to be a simple default for members who do not engage with their super, Choice products are designed for …