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Author Archives: qfp-admin

Is your Superannuation in any of Australia’s worst-performing superannuation funds?

As a result of the recommendations by the Productivity Commissioner, the Federal Government has ensured members’ retirement savings are protected from underperforming funds by subjecting superannuation funds to an annual objective performance test based on their net investment returns. The first annual performance review has been concluded and 13 funds have FAILED the test. Please […]

COVID, finances and financial planning for you

COVID, finances, your financial planning What to look for when choosing a financial planner Based on an ABC report, almost 50% of Australian adults have unmet financial advice needs. More Australians need financial planning assistance but they are unsure how to select a prudent financial planner, particularly after the finding of the recent Bank Royal […]

Review your superannuation and personal insurance

Superannuation and personal insurance changes – Review your super Buying insurance through super has many advantages, but you need to make sure you are getting the right type of cover for your individual needs. Also, in some cases, you may be paying for nothing. Most super funds offer life insurance and total and permanent disability […]

Economic Update – Spring 2021

August provided mixed economic news, with central banks, businesses and consumers remaining cautious. In a widely-reported speech, US Federal Reserve chair, Jerome Powell said there remained “much ground to cover” before he would consider lifting interest rates, sending stocks higher and bond yields lower.  In Australia, shares and shareholders were boosted by a positive company […]

Franking Credits, Refunds and the effect on retiree pensions

With the major banks offering 6 months term deposit rates of as little as 0.5% per annum, it is no wonder that many self-funded retirees are looking to derive dividend income from financially secure Australian public companies. Not only do investors historically receive a greater rate of return over the medium to long term but […]

Saving for your children’s education

There is no doubt that education costs in Australia increase exponentially year on year. The total estimated cost of education for a child starting school this year is, National Average (metropolitan areas) (1) Government 81,823 Catholic 140,433 Independent 340,882 However, if you look at our capital cities Sydney is most expensive followed closely by Melbourne. […]

The maximum number of members of a Self Managed Superannuation Fund has increased.

Did you know that the maximum number of members of a Self Managed Superannuation Fund can have increased from 4 to 6 on 1 July 2021? Regularly I am asked the question “Should we as a family pool our superannuation resources and establish a Self Managed Superannuation Fund (SMSF)”? An SMSF commonly has two members, […]