New opportunity to make super contributions when downsizing

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The downsizer contribution provides an excellent opportunity for anyone aged 65 or over who sell their main residence (your home) held for at least 10 years to contribute up to $300,000 each ($600,000 for a couple) into super. The usual work test and total super balance restrictions do not apply when making a downsizer contribution.  Only Contracts of Sales entered into from 1 July 2018 may qualify for a downsizer contribution.

Implications for investors

·      You do not have to actually downsize living accommodation to be eligible and can be moving into Aged Care.

·      Downsizer Contributions are not tax deductible and may impact Centrelink Age Pension.

·      Downsizer Contributions converted to a tax free super pension count towards your transfer balance cap.

·      Downsizer Contributions needs to be made within 90 days of receiving sale proceeds.

·      Downsizer Contribution amount cannot be greater than total main residence sale proceeds.

This is a complex area, so if you (or anyone you know) are looking to downsize your home, contact Michael Stout on 97838077 to discuss the suitability of this strategy.

RetireInvest / RI Advice Frankston, Level 3, 454 Nepean Highway, Frankston 

Michael Stout is an Authorised Representative of

RI Advice Group Pty Ltd ABN 23 001 774 125, AFSL 238429

The information (including taxation) above is general advice only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this advice you should consider the appropriateness of this advice, having regard for your own objectives, financial situation and needs. You should seek personal financial advice from a qualified financial adviser before acting on the advice.

 

Five tips for choosing a retirement village you love 

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For people considering a move into retirement living, and even those who might not have considered it, the options can be overwhelming. Here are five top tips to ensure you make the right choice. 

Location, location, location

For many people, the thought of leaving the area they’ve known all their life is overwhelming. In fact, many retirement villages are made up of locals who have lived in the area their entire life. If you’re set on staying local, the first step is to find out what villages are nearby. 

Consider your ‘must haves’ 

All villages are different, and working out what’s important to you can help narrow down the search. ‘Must haves’ might include a pet-friendly policy, a bowling green or an extra bedroom for the grandkids. 

Arrange a casual tour

Once you’ve got a list of villages to inspect, you can arrange a tour. Lendlease holds weekly ‘Tea and Tour’ events at a number of villages, which provides the opportunity to explore the village in an informal setting. 

Attend an event

Attending an event is a great way to meet and mingle with current and future residents. Koorootang Court and Martha’s Point are holding an open day from 10am-2pm on Saturday, October 13. So stop by and get a real feel for the village lifestyle on offer. 

Speak to the team

Once you’ve decided on a village, it’s a good idea to book in a one-on-one meeting with the sales manager. They’ll provide you with helpful information about the different ways you can buy and how to make the move. 

Lendlease has two villages within the Mornington Peninsula: Koorootang Court and Martha’s Point. To view all events, visit retireinvic.com.au or call 1800 550 550. 

 

Smart furniture at a smart price by Kate Sears

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It was a smart decision by John and Mary a year ago to start a business that provides high quality brand new furniture that is accessible to everyone through their show-stopping wholesale prices. It was an even smarter move to respond to their success by progressing from an online store to a warehouse where they invite everyone to touch, feel, sit, and even lie down to explore their quality furniture options in person.

“Our display is warehouse style so that our products are the hero, not the warehouse. We are all about the furniture,” said John. “And when you’re here you deal with us directly, the owners.”
At Smart Living Furniture’s warehouse, John and Mary source their furniture from one of Australia’s high quality furniture manufacturers so you can expect to see brand new furniture made from Australian timber and materials. There’s now no need to visit clearance stores that sell ex-demo, ex-display or damaged furniture because John and Mary don’t sacrifice quality for price.

They boast wholesale prices on brand new quality designer furniture from one of Australia’s largest manufacturers that is available at major retailers for 50 per cent more.  They strongly believe in offering superior dining room tables, deluxe lounges, tallboys and much more to everyone. They want great furniture to be accessible to everyone — so much so that they focus on keeping their overheads low to keep the prices down and pass the savings on to the customer.

Shop smart and snap up an absolute bargain at John and Mary’s warehouse today and join their grand opening raffle for your chance to win a Zoe accent chair.

 

SMART LIVING FURNITURE

A: 3/100 Dandenong Rd, Frankston (cnr Tooyal St and Dandenong Rd)

W: smartlivingfurniture.com.au
T: 0411 330 287
FB: @smartlivingfurnitureau
INSTA: @smartlivingfurniture

Cool-weather eggs at Somerville By Liz Rogers

Any time’s a good time to visit Somerville Egg Farm, where family and friends love to gather while buying only the freshest eggs. This winter why not take the time to visit the Napolitinos and their animal friends on an egg farm that connects people with scrumptious Mornington Peninsula produce. Take home the freshest and most delicious eggs with luscious golden yolks to cook up a storm over the cooler months ahead or just say hi to the free-range hens, maremma dogs, alpacas and goats on this family-friendly farm.

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Winter warming treats have never been so easy to prepare with Somerville Egg Farm eggs. This experienced family of farmers, who represented the Mornington Peninsula on Channel 9’s competitive cooking series Family Food Fight in 2017, offer the best quality eggs at an affordable price, and because you know they care for their chooks you know the quality is top-notch. This is the perfect place to stock up on eggs for all your baking and cooking needs because Luigi and Maria Napolitano have been supplying eggs to the Peninsula since 1978 and love what they do. They now share the running of their farm with son Anthony and daughters Linda and Anita, who continue the Napolitano tradition with flair.

Get cracking and purchase some of Somerville Egg Farm’s very fresh eggs this winter while enjoying some downtime with family and friends on the magical Mornington Peninsula. Fresh air and fresh produce provide the perfect winter weekend escape, then head back home to bake and taste.

Are you there yet?

 

SOMERVILLE EGG FARM

A: 220 Eramosa Rd West, Moorooduc (cnr Eramosa Rd West and Binnak Way)

T: 5977 5405

Open: Monday-Friday 8am-4.30pm, Saturday 8am-12.30pm; closed Sunday and all public holidays

 

Truffle up at Red Hill By Liz Rogers

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Are you up for a hunt that delivers edible treasure? Are you ripe for an early morning wander in the mist-imbued Red Hill hinterland? Or a truffle-infused breakfast tasting? Then give Jenny McAuley at Red Hill Truffles a call and get set to relish in a magical Mornington Peninsula foodie experience.

Two Hunt and Breakfast at Red Hill Truffles events are on this winter and you’re invited. These most special gatherings are ideal for lovers of the hard-to-find fungus that is being used in delicious dining across the Peninsula and beyond.

Red Hill Truffles was the first farm to produce truffles on the Mornington Peninsula. Jenny and her sensational sniffer dog Thomas will lead you through the hazelnut and oak trees in search of the elusive black gold that is ripening as you read this. After the hunt you’ll return to Jenny’s beautifully rustic tasting pavilion to taste breaking-fast recipes.

For anyone who knows something about truffles, farming them isn’t easy. They start growing here in the ground in the first week of December and don’t ripen until the beginning of June. There’s the pH levels in the soil to consider, the right trees to plant and foster — it takes years before a tree will produce its first truffle — and then you’ve got find them. That’s where Thomas comes in. Jenny began her journey into the seductive yet hard-working world of truffle farming by growing a mix of oaks and hazelnut trees from 2005. She found her first truffle under a hazelnut tree five years later.

Truffles are available for purchase from Red Hill Truffles in early June. The first Hunt and Breakfast is on June 10. The next is in August. Phone Jenny or log on to her website to find out about other events and to truffle up!

 

RED HILL TRUFFLES

A: Red Hill

W: redhilltruffles.com

FB: @redhilltruffles

 

It’s time for your oven to shine

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If your cooking appliances are in need of a hearty post-Christmas clean to restore their sparkle and performance for the year ahead, we have the solution for you - and it’s free of nasty chemicals. 

Ovenu Mornington Peninsula is a locally owned and operated service that can restore your oven, range hood, cooktop and barbecue to near-perfect showroom condition. All products used by this health-conscious team are free of nasty ingredients.

Ovenu technicians use an exclusive range of biodegradable, non-toxic, non-caustic products that are completely safe for you, your oven and your family - pets too. The technicians are fast, reliable and professional and can separate the glass panels in your oven door for a result you simply won’t believe.

Kiss your unsightly Christmas residue goodbye by calling Nathan and Kim on 1300 683 681 for a quote, and a sparkling start to 2018.

 

OVENU MORNINGTON PENINSULA

T: 1300 683 681

W: ovenu.com.au/mornington-peninsula

 

The solution is easy with Concept By Liz Rogers

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If you’re in the market for a bathroom makeover at an affordable price, look no further than Concept Bathroom Solutions. This family owned and operated complete start to finish bathroom renovations company produces some of Victoria’s best bathrooms on time every time.

Your bathroom is a personal space in which to relax and rejuvenate. Concept Bathroom Solutions offers a professional service second to none, and you won’t have to break the bank to achieve the ideal space for you and your family to unwind and relax in. Function and aesthetics are key, and Concept Bathroom Solutions can guide you through the whole process from hardware selection to tile choice, shower screen and tub preferences. Then it installs them so you don’t have to.

Concept Bathroom Solutions has been renovating bathrooms for over 23 years so you know the staff know what they are doing. Experience and reliability have secured their spot as one of Melbourne’s and the Mornington Peninsula’s finest providers of bathroom renovations.

Call today for a free quote and see how Concept Bathroom Solutions can make your bathroom renovation easy. 

 

CONCEPT BATHROOM SOLUTIONS

M: 0431 639 540 

 

Your holiday home is in great hands

Need help managing your holiday home? Looking for short-term guests? Want it to be hassle-free? Getaway Mornington Peninsula is here for you.

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Mornington Peninsula is a wonderful holiday destination for all seasons and Getaway’s dedicated short-stay accommodation team are local residents with an unrivalled passion for the area. They are on hand year-round to manage guest stays.

Getaway Mornington Peninsula provides exceptional service and specialises in the use of innovative marketing strategies to secure the highest quality bookings. For your peace of mind, a secure online payment system is used and security patrols are carried out to ensure your property is being well looked after.

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Sign up today and get your holiday home seen on all the major online short-stay platforms including Stayz, Airbnb, TripAdvisor and Booking.com.

For first-rate, hassle-free management of your holiday home, get in touch with the experienced and friendly team at Getaway Mornington Peninsula.

 

GETAWAY MORNINGTON PENINSULA

A: 2361 Point Nepean Rd, Rye

T: 5985 0098

E: [email protected]

W: getawaymorningtonpeninsula.com.au

 

Rise of The Roman Empire

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The Roman Empire is more than just a supplier of beautiful custom-made products to the soft furnishing industry.  It’s also a valuable source of product knowledge derived from years of experience.

A case in point is Lloyd Bradshaw, who for almost 40 years has been a décor consultant specialising in curtains, blinds and associated products.  Lloyd has a mountain of knowledge in art and design, which complements his experience in interior design and colour selection, and he’s passionate about design and interior finishing and keeping up with current trends.

Lloyd is always available to help with such matters as product selection and colour advice, taking into consideration the customer’s needs and wants and - most importantly - their budget.

For advice you can trust, give Lloyd a call.  And be sure to check out The Roman Empire’s stand at the Home Innovations Display Centre at 111 Frankston-Cranbourne Rd, Frankston.

THE ROMAN EMPIRE
A: 91 Brunel Rd, Seaford
T: 1800 671 456
W: romanempire.com.au

 

Spruce up your oven before Christmas

Christmas is almost here, so now’s the time to make sure your cooking appliances are working at full capacity and are ready for the holiday season.

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Perhaps yours look a little worse for wear and need some specialised care?  If so, did you know there is a local service that can restore your oven, range hood, cooktop and barbecue to near-perfect showroom condition for the warmer months ahead without any nasty chemicals?

Ovenu Mornington Peninsula technicians use an exclusive range of biodegradable, non-toxic, non-caustic products that are completely safe for you, your oven and your family. Importantly, their technicians are fast, reliable and professional. They can also separate the glass panels in your oven door for a result you won’t believe. Call Nathan and Kim on 1300 683 681 for a quote.

 

OVENU MORNINGTON PENINSULA

T: 1300 683 681

W: ovenu.com.au/mornington-peninsula

 

Spin a little Christmas magic

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From treasured memories past to sharing precious moments present, Koh Living’s magical Christmas carousels capture the spirit perfectly.

These carousels bridge the gap between young and old - the young experiencing the magic and wonder of these spinning carousels for the first time, while older generations reminisce on treasured memories past, of a gentler time, a time when all things seemed possible.  These beautiful Christmas carousels will hold special memories for everyone.

Koh Living draws its inspiration for Christmas from Europe and family life, with feelings of warmth and joy and the reminiscing over happy memories brought forth through traditional settings and images. When a tea light candle is placed in the cup, watch in delight as the carousel magically lights up and spins into life! 

Relive the wonder of Christmas past and share the joy of Christmas present with these gorgeous Christmas carousels from Koh Living.

 

KOH LIVING

A: 59 Main St, Mornington

T: 1800 811 598