End of financial year super strategies
With 30 June rolling up fast, now is the time to implement end of financial year super strategies that will provide the dual benefits of contributing more to your retirement savings and less to the tax office.
Will you retire at 55 and spend 45 years on the golf course?
It’s the Australian dream. Retire at 55 and spend the rest of your life on the golf course, cruising the seven seas or enjoying other leisure pursuits. Sound fabulous? Maybe not. Given many of us will very likely see our 100th birthday, will we find enough to do for the next 45 years and more…
Living Financial Legacies: Giving to X and Y Gen with a warm hand
There’s been a lot of talk about the intergenerational wealth transfer as Australians, mostly Baby Boomers, retire over the next 20 years leaving significant financial legacies to their X and Y Gen offspring.
THREE questions about money that can get your parents talking
We know talking about money with your parents can be difficult. Sensitive and upsetting at best and for some families – taboo. However, it’s among the most important discussions you’ll ever have with them and here we identify THREE conversation starters that may help you to get them talking.
Money matters that need to be shared with your next-gen adults
It’s not always easy to talk to the next generation about the responsibilities of money. Nor is it easy to explain the value of qualified advice to a cohort that is accustomed to relying on online information.
Estate Planning: The Financial Advice you need BEFORE speaking to your solicitor
According to the Intergenerational Report released earlier this year, $3.5 trillion will transfer from Baby Boomers to younger Australians in the next 20 years. That being so, it’s more important than ever to understand your wealth and how you want it to be managed once you’ve passed away.
FIVE post-COVID financial tips for achieving what REALLY matters
As COVID-19 restrictions begin to ease in Queensland, and Victoria and New South Wales experience a second wave, a new normal is emerging for families, businesses and employees as many come to terms with the financial impacts of lockdown. While the possibility (or reality) of adapting to a life with reduced income may sound like…
Take CONTROL: Review your super strategy in light of the NEW concessional contributions catch-up provision
2018/19 is the first financial year you may be able to boost your superannuation balance by carrying forward unused superannuation concessional contributions cap amounts. Part of the Government’s superannuation reforms, this ‘catch-up’ measure offers greater flexibility and it may help you to top up your super savings – significantly!
Are you compromising your personal prosperity by not making regular superannuation contributions for yourself?
It’s common for business owners to pay everyone else and reinvest profits back into their business before paying themselves a regular wage AND superannuation. It’s important to understand that short changing yourself can have significant consequences for your future prosperity as well as significant CGT implications should you decide to sell your business.