Superannuation is a political football

  Read the Transcript: Superannuation is a political football. No wonder they keep moving the goal posts. Every year, it seems, they change the rules – the retirement age, the contributions cap, and so it goes on. No wonder one in three Australians are concerned about legislative changes* being made to super – what they mean and how to work with them. It’s a cause for concern, but it helps to keep it all in perspective, give all the factors their … Read More

Insurance Case Study – Corrie’s Story

  Insurance Planning: Corrie’s Story | Read the Transcript: I’ll never forget that phone call. It’s just gone 10 o’clock… the boys were over fixing my verandah and they headed off back home after dinner. The policeman said that they were involved in a car crash, and that they were alive, but they were both badly injured. They were in hospital for over a month, but Tom, he was in a coma for almost 2 weeks. But he’s alright now. … Read More

Budget for a very Merry Christmas

A bit of planning and forethought may help take the financial stress out of Christmas. Christmas is a happy time of year that brings people together but it can also be expensive. With a bit of early planning you may control your festive season spending. Here are some tips to help avoid a New Year financial blowout. Draw up a budget You know it makes sense, but it can seem a bit Scrooge-like. Start with the total amount you want to spend. … Read More

New retirement saving opportunities for the over 55’s

In the ever-changing super landscape, new tax breaks often arise as governments attempt to create incentives to encourage people to self fund for retirement and then to utilise their super to create income streams that will last well into retirement. One such opportunity is the ‘transition to retirement’ rule aimed at the over 55’s. The transition concept is a significant shift from the old ‘work full time until you retire’ model. The transitional paradigm recognises that many may prefer to … Read More

Insurance and self-managed super: don’t get caught out!

Self-managed super funds are now the fastest growing part of the superannuation market in Australia, with more than one million of us being members of an SMSF. (Source: SMSF​ Association) SMSFs have become a popular way for Australians to build their retirement savings because they generally offer greater control and flexibility of your super investments. And while thousands of new self-managed funds are being established every year, there are some technical areas that can ‘trip up’ the average SMSF super member. … Read More

Significant changes to contribution limits to super could prove a challenge

The changes to super and tax laws proposed in this year’s federal budget, then revised and adjusted by the government in September, have been passed through Parliament and are mostly due to take effect from July 1, 2017. That means that you have until July to consider if there is any action you should take to make the most of current super rules or to comply with the upcoming changes. We take a look at some of the key changes … Read More

Are you ready to take full control over your super?

Self managed super funds have become a popular way for Australians to build their retirement savings. In fact they’re now the fastest growing part of the superannuation market, with more than one million of us being members of an SMSF. Thousands of SMSFs are being established every year and, with more than half a billion now invested, they represent about one-third of Australia’s total superannuation savings. (Self-managed super funds: A statistical overview 2012-13, Australian Taxation Office.) The popularity of SMSFs … Read More

Your Wealth Is In the Planning

You probably know the expression “You can lead a horse to water, but you can’t make it drink”. Would it surprise you if I told you that I’ve found this to be true, in particular for people I meet who want to create wealth for their future, but never quite get started because life always seems to get in the way? You might have heard it all before, but have you made plans for a wealthy retirement? With a plan … Read More

How is YOUR Retirement Budget Going?

Forget about the surplus and deficit debate of the national economy, your job is to make sure your own finances are not just paying your way today, but also in the future. I’ve never seen anyone living the life of their dreams on a government pension. The truth is, you don’t have to, if you don’t want to!  All you need to do is take control of your money and make it work for you. It is simple, but will … Read More

It’s all in the Budget

Every year in May/June, the Australian Federal and State governments hand down their budgets for the next financial year. They are presented in books over hundreds of pages thick and include forecasts of expected revenue and details of how this revenue is proposed to be spent. Well, if you need to present all of the billions of dollars that represents the country’s financial position, of course it will take up more space than a simple family budget. Unlike the Federal … Read More

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