Accounting

Expectations of a slowdown — even a recession — in the global economy have been widespread in recent months. As a result, bond yields have fallen over the year to date, causing bond prices to surge. However, most sharemarkets have continued tracking higher, with US and...

Financial stress. We all face varying degrees at some point in our lives. Whether we like it or not, a lot of our life goals revolve around our ability to manage our finances effectively. With 59% of Australians admitting their current financial situation causes them angst*,...

You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern is ensuring that trustees have considered diversification and liquidity of their...

When people consider estate planning they often only think about what happens after they pass away but ensuring they are protected during their lifetime if they lose capacity is just as important.  The best way to ensure you will be protected is to have valid enduring...

Whether you’re saving for something special or a home deposit, want to shave some cash off your mortgage payments or simply budget better, these five-point plans will set you on the right path. Money savings tips Set a goal to know what you’re saving for. Setting a...

In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise. It is a common practice for many individuals with an SMSF to also have a secondary APRA-regulated fund which provides them with...

From 1 July 2018, people aged 65 and over will be able to sell their main residence and then make a ‘downsizer’ contribution into superannuation of up to $300,000 from the sale proceeds of their main residence. Both members of a couple can take advantage of this...

Leaving your family home and moving to a residential aged care residence can be a challenging time with many personal and financial decisions needing to be made but early planning and good advice can minimise the impact for you and your family.  In this article,...

With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF before 30 June. The following are some superannuation strategies that you might want to know more about to get the best out...