Thinking of living overseas?

Many Aussies dream of living in different countries at some point during their life. For some this remains just a dream but for hundreds of thousands of Australian residents who move away permanently from our shores, it is a reality. Whether it’s a long-term career move to New York or retiring in an island paradise, the decision to permanently leave Australia is one that requires sound financial...
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You’ve got all the time in the world until you don’t..

  This is the part of my job I work at extremely hard because I know the stakes are high but it doesn't need to be like this. I'm in the midst of negotiating with underwriters (insurers) for a 27 year to try and get covers after seeing me at one of the happiest times in their life, having just purchased their first home. Everything is on the up and life is looking bright as ever, but there...
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An insurance policy is a contract that gives you a basis; a leg to stand on.

Let me expound what I mean. It’s easy to play into the stigma that insurance is a waste of money or that it’s a grudge purchase, a play on moral obligation, but I disagree, I strongly disagree. To give context, I just managed a car insurance claim (general insurance) for my father. He was hit by a seemingly distracted driver who breached his lane, whether or not the driver saw him or misjudged...
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Balancing Life, Work and Money

Work-life balance. It’s something everyone seeks, but achieving it can seem an impossible task. Not only does the ideal balance vary from person to person, it can change frequently throughout life. If your wheel of life has developed a wobble, it might be time to do some repairs to regain stability for the journey ahead.     What’s the problem? The source of your imba...
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A smarter alternative to payday loans

Payday lenders are flourishing and while their advertising makes it all sound so simple, there’s always a price. Here is a better solution. Sarah decided to replace her clapped-out car with a shiny new one. The repayments were affordable: $350 per fortnight over three years – easy! All was going well until a month arrived that had five weeks instead of four. Sarah’s fortnightly rep...
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“Tap and go” and then what?

[caption id="attachment_1114" align="alignleft" width="150"] Tap and go spending[/caption] Talk about hammering the plastic. In November 2016 Australia’s 16.7 million credit card accounts were used to make 226 million transactions with a total value of $27.8 billion. We are currently paying interest on $32.2 billion worth of credit card debt, running up an annual interest bill of over $5.6 bi...
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Offset account vs redraw facility – the tax difference

Most modern mortgages come with a redraw facility and a mortgage offset account. With a redraw facility you can make additional payments to reduce the outstanding balance of your mortgage, which in turn reduces the amount of interest you pay. However, those additional repayments are not locked away – you can redraw on them at some point in the future. This increases the loan balance, so y...
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Pension asset test changes imminent

Currently, pensions are reduced by $1.50/fortnight for every $1,000 of assessable assets above the assets-test free amount for a full pension. From 1 January 2017 this ‘taper rate’ increases to $3.00 per $1,000 of excess assets. Pension payments will phase out more quickly and the limit on assets up to which some pension is payable reduces. However, the assets threshold for a full pe...
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Protecting your estate

Everyone understands the importance of a Will, but how do you ensure your wishes are carried out when you’re no longer around? Who can contest your Will and what are their chances of success? Maud’s four children hadn’t visited in years so she left her fortune to an obscure charity for wayward arachnids. An extreme example, certainly, yet many would argue that Maud’s wish to bequeath h...
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Insurance in super – is your cover adequate?

You have insurance cover in your superannuation right? You probably think you’re adequately covered, yet if something were to happen to you, you might be in for an unpleasant surprise – and by then it might be too late. - Names are ficticious and the following is an example only - I met a new client recently who was in quite a state of distress. Maryanne is 38 and a stay-at-home mum wit...
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