Leishman Financial Services Pty Ltd

31/10/2025

IMPORTANT AGED CARE UPDATE
From tomorrow (1 November 2025) there are some big changes that will apply to people going into aged care. The current Means Test Care Fee will be replaced by a Hotelling Contribution and a Non-Clinical Care Contribution (NCCC). These will both be means tested. The maximum amount of Hotelling Contribution you may have to pay will be $22.15 per day and the maximum amount of NCCC you may have to pay will be $105.30 per day. A well as this the aged care facility will start retaining 2% per annum for up to 5 years from your lump sum Refundable Accommodation Deposit (RAD) that you have paid, while any Daily Accommodation Payment (DAP) you may being paying will be indexed twice a year in March and September in line with the indexation of the age pension. It is important to note that these changes only apply to people going into aged care from 1 November 2025.

25/09/2025

Seats still available, book now!!!!!!!

22/09/2025

IMPORTANT AGE PENSION NEWS
The government increased the age pension on 20 September 2025. So all age pensioners get an increase right? Well not exactly. The government also increased the deeming rates that apply to financial assets. The lower deeming rate was increased from 0.25% to 0.75%, while the higher deeming rate was increased from 2.25% to 2.75%. Prior to 20 September 2025 if a single person had $308,977 in financial assets (and no more than $321,500 in total assets) they qualified for the full age pension of $29,874 per annum. As of 20 September 2025 the full annual rate of age pension for a single person is $30,646. However, due to the increase in the deeming rates a single person with $308,977 in financial assets still only gets $29,874. As such they missed out on a $772 annual increase in the age pension. For couples the full combined age pension of $45,037 per annum applied if their financial assets were less than $481,500. As of 20 September 2025 the full annual combined age pension rate for couples is $46,202. However, if they have financial assets of $481,500 the full combined age pension would be $45,584. As such they missed out on a $618 annual increase in their age pension. So if you were on the full rate of age pension prior to the 20 September increase, it is important not to assume you will get the full increase in the rate.

03/09/2025

02/07/2025

Yesterday we celebrated our 40th anniversary. A big thank you to all those who helped us get here. Fitting that it was our Founder’s 87th birthday.
Remembering Jim Leishman and may his legacy love on.

14/02/2025

Here is our latest newsletter. Please contact ur @leishmans.com.au if you have any questions.

23/12/2024

The team at Leishman Financial Services wishes all our clients and colleagues a very merry, safe and joy filled Christmas. May the new year bring good luck, good health and prosperity. From Simone, Chris & Harry.

22/12/2023

We are singing off now for 2023. As a current cilent, if you need anything urgently, call Simone's mobile. (It's on our voicemail). Otherwise, we look forward to continuing to provide you with quality financial advice in 2024. Merry Christmas to all and have a safe and happy festive season.

13/07/2023

On Friday we farewell Sharron after 8 years of service. Sharron has been a very valued team member and her hard work, diligence and eagle eye will be missed. We wish her the very, very best in her next role.

28/06/2023

Clients that are not on a full age pension will receive a substantial increase in their age pension as of 1 July this year due to the increases in the thresholds used to determine your age pension. For singles the amount of assets you can have before your age pension reduces is increasing to $301,750, and for couples to $451,500. The amount of assessable income you can have before your age pension reduces is increasing to $204 per fortnight for singles and to $360 per fortnight for couples. The thresholds at which the age pension cuts out are also increasing. For singles the assets cut out threshold will be $656,500, and for couples it will be $986,500. Under the income test the cut out for singles increases to $2,332 per fortnight and for couples $3,568 per fortnight. As such there may be clients who previously could no qualify for an age pension but are now below the above thresholds and may qualify. It is important to note that the full rate of age pension is not increasing, the next increase in the full rate of age pension is due to apply from 20 September 2023.