New Legislation Regarding Consent To Deduct Advice Fees

From 1 July 2021, an Advice Fee Consent Form must accompany all new business applications for the Life Events Bond and Funeral Bond that have ‘ongoing advice fee’ arrangements.

The Royal Commission made recommendations to introduce annual renewal of ongoing fee arrangements and a requirement that advisers cannot receive ongoing advice fees without first obtaining consent from their client.

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Exempt Asset Limit increased to $13,500

From 1 July 2020 the Funeral Bond exempt asset limit has been increased from $13,250 to $13,500. Funeral Bond holders can now have up to $13,500 of contributions in a Funeral Bond and the whole balance is exempt from the Age Pension asset and income tests.

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Why not try before you buy?

Experience Chiton Retirement Living with our one week trial stay offer. 

Stay in a home at Chiton and experience what it would be like to call Chiton home. Experience the local attractions, the state-of-the-art community centre and the peace of mind that retirement living offers. 

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Award Winners

We are delighted to announce that our Woodside Retirement Village has been judged the winner in the Seniors Living category of the prestigious Urban Development Institute of Australia’s (UDIA) SA Awards for Excellence. The award program recognises the most outstanding examples of built form and master-planned developments in South Australia. 

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Chiton Lakehouse officially open to residents

KeyInvest’s Chiton Retirement Village has recently opened their stylish $1.5-million Lakehouse providing residents and their guests with a range of social and recreational facilities. Chiton’s first residents, Carol and Alan Charlesworth (pictured), say the Lakehouse is a fantastic place to socialise. “We often enjoy a glass of wine or beer with other residents on the magnificent back deck overlooking the stunning wetlands,” Mrs Charlesworth says.

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Award Winners

KeyInvest’s attention to the needs of retirement village residents and its commitment to quality has been acknowledged by receiving the 2017 Excellence in Seniors Living award from the UDIA SA for Chiton Retirement Living. Pic: Ian Campbell, KeyInvest’s Managing Director.

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