Thursday, September 24, 2009

The crash, pharmaceuticals and a makeover

This week has brought a bit of good news to the Locks. Firstly we have reached the Medicare threshold and our scripts are now totally free. Previously we paid $5.30 per script regardless of how much the medication is actually costing the government. See the examples here...
Of course there is a price to pay for the cheap and eventually free have to be at least 65 years of age. It is also income related with a generous income threshold of $80,000 per annum. We easily fit into that. Below 65...and wouldn't I like to be; the government through the PBS (Pharmaceutical Benefits Scheme) subsidises the youngies, but too a lesser extent.

We were also reasonably happy about our meeting this morning with our financial adviser. During this last financial year our superannuation funds wept to the amount of around $200,000. The news today shows that things are on the mend with our funds gaining $22,000 since March. The villain in the crash was the Unlisted Property package which was part of our investment portfolio.

Prior to the crash there were many adverts for Industry Super Funds and a couple of well known actors told us that they were the way to go...not with a financial adviser. Haven't seen any of their ads for a while.

Who said Makeovers don't work? Check out Federal pollie, Belinda Neal, here. A before and after which featured on the cover of the AWW.

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