Actively planning for a secure financial future is one of the best things you can do for your family. Taking charge of your money and committing to building wealth is critical to securing your family’s finances. By putting the right building blocks in place, you can...
We all pay tax to help ensure everyone in the community has access to basic services. Love it or loathe it, tax is one of society’s most important functions. It helps pay for schools, hospitals, roads and many of the basic services we need to go...
This year’s Federal Budget cost-of-living relief, job growth and women’s security. The key measures that you should be aware of as an SMSF trustee are outlined below. Should you wish to discuss how these may impact your personal circumstances or retirement plans please contact me...
How can the value of financial advice be measured? The financial benefits of professional advice can often out-weigh the cost. The ‘value’ of financial advice can be considered both tangible and intangible—and will have different meanings for different people. For some, the value of advice received will be...
With the end of the financial year fast approaching, now is the perfect time to make some final checks and ensure everything is in order for your SMSF before 30 June. The following are some matters that you might want to know more about, particularly...
SMSFs are not for everyone, but for those individuals where an SMSF is entirely appropriate for them, the benefits can be considerable. In the context of ongoing public debate regarding the appropriate minimum size for an SMSF, new research has been provided to provide insights into...
The Australian Government has recently announced additional support for households and businesses during the COVID-19 pandemic. These changes are summarised below and are yet to be legislated. For more information, please visit the Treasury department’s Economic response to the Coronavirus. Extension of JobKeeper Payment The JobKeeper Payment has...
The 2019/20 financial year is now firmly behind us. Going into the new financial year we will see changes to superannuation, tax concessions for small businesses, penalty rates, minimum wages and much more. The new set of changes will affect almost everyone including individuals, families,...
Despite well formulated investment strategies and appropriate investment advice, no trustee could have foreseen the impacts of COVID-19 on financial markets globally. Whilst history suggests that a strong recovery is likely within a relatively short period after large market corrections, it is still too early...
The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21, as well as meet...