Be different today so you can be different tomorrow

Every generation thinks life will be different – and of course, each one is right - but when it comes to planning for the future, while we’re young we have a habit of thinking there is still plenty of time. After all, when you’re in your mid-thirties or even early forties, retirement is still decades away; later if the government decides so! However, like anything forgotten too long, the...
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How will your redundancy entitlements be taxed?

Being made redundant can be one of the most stressful events in a person’s life. A large payout figure may look good at first glance but the effects of taxation can have a significant impact on the final amount received – adding even more stress. The first action is to always seek financial advice to ensure you get the most of a redundancy payment. Components of a payment There are se...
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6 smart ways to build savings

The word “thrifty” is rarely thought of in a positive sense but that’s not fair because if we continually spend more than we earn, our debts will eventually catch up and other words such as “default” or “bankrupt” might become more familiar. Being thrifty doesn’t mean doing without – quite the opposite. Here are six simple tips to build up your savings. Create a budget and...
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Do you want growth or income or both?

If you own an investment property you will be aware that the return from the investment comes from two sources: income in the form of rent paid by the tenant and growth in the form of an increase in the value of the property while you own it. Likewise from a share investment, an investor can receive dividends (income) and capital gain (growth). Many investors who buy shares and property focus o...
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Control your debt before it controls you

Debt can be a wonderful slave but an unforgiving master. Australians have an extraordinarily high level of consumer debt. It fuels our lives. For example, there were more than 204,000 credit card transactions just in the month of November 2015 – valued at more than $26 million! ($8.11 million of this was in cash advances). The scariest part of this equation is accruing interest on outstanding...
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How’s your budget – surplus or deficit?

Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government plans to spend its revenue in the coming year, whether it can afford to give us tax cuts, and whether it expects to spend more (creating a deficit) or less (creating a surplus) than it receives. Budgets are also important on a personal level,...
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Access your super and keep working

Superannuation is meant to fund your retirement, however if you are over age 55 you may be able to access your super without having to fully retire. Pre-retirees can start a “non-commutable income stream” from their super prior to retirement. This means you can draw an income from your super while you are still working (but you are not allowed to cash out lump sums). So, how does this wo...
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Diversification is the balancing force

Market volatility naturally makes investors nervous, but it is good to keep in mind that volatility traditionally tends to be a short-term concern. History tells us that markets have always recovered in the past and the size of the upturns in the market has always outweighed the size of the downturns. Australian shares recorded their worst year on record in 2008 when the All Ordinaries Index fe...
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Link your insurance and save

Research shows that around one-fifth of Australians aged between 21 and 64 will suffer from a medical event, such as an accident, injury or terminal illness that will leave them unable to work. Despite this alarming statistic, it is estimated that 95% of Australian families have inadequate levels of personal insurance cover in place, with many relying solely on the default cover held within sup...
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Financial planning – more than just advice

Financial planners are often the first port of call for people seeking advice on investing a lump sum of money. But that is just the tip of the iceberg. A professional financial adviser has the knowledge and skills to help you achieve your goals and objectives by tailoring strategies to address your specific needs. We will provide you with assistance and guidance on: Budgeting – reviewing...
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