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 Commission. A good financial planner should be able to help you achieve your financial […]
Category Archives: Articles
Will you be able to finance your Retirement? Legislation changes to superannuation over the past 12 years mean we cannot leave retirement planning until our 50’s and 60’s. One of the most important changes is the amount we can contribute to our superannuation fund. In 2005 you could salary sacrifice up to $100,587 into super. […]
Some taxpayers appear to be claiming the same investment property related expenses that they have always claimed in their tax return. However, there have been a number of changes over the past few years the main two are: 1. Travel In the past you were able to claim a tax deduction for travel expenses to […]
There are five typical behavioural biases when making financial decisions. They include; 1. Overconfidence. The overconfident trait is developed when we make an investment in say shares or property and these shares or property increase in value by more than we anticipated. We did nothing other than buy the investment. We feel very confident, so […]
Are you a small business owner? Don’t forget the $20,000 tax deduction for purchase of new assets (this will increase to $30,000* from Budget night) What is the instant asset write off? Assets purchased for the business costing less than $20,000* can be claimed as a full tax deduction in the financial year of purchase, […]
Do you work and incur Self Education Expenses? Many college and university students do not realise that they can claim a tax deduction for their self education expenses These are the costs that you incur to undertake a work related course at a college or university or other recognised place of education. The course you […]
Now or in the future you will need to consider aged care options for your parents As our parents age and become fragile we need to consider safety, home care and aged care services for them. From my experience, in most cases we are not able to provide this assistance ourselves, we need to consider […]
As the saying goes buy in gloom and sell in a boom. On that note more and more 30 – 40 year olds are considering managing their own superannuation with the view to buying a property or blue chip shares and holding onto those assets for the next 20 or 30 years. The financial news […]
Did you know that over the past decade the cost of private school education has increased by 61%. This compares to wage growth of only 34% over the same period.1 The ASG Planning and Education Index has metropolitan New South Wales as the most expensive region for private school education. The ASG website projects that […]
Do you have a SMSF? Did you know? the average asset balance of a SMSF, per member, is $652,000. the majority of contributions to a SMSF were by the member not the employer. Member contributions were 5 times more than employer contributions. 84% of SMSF members are over age 45. only 7% of SMSF’s have […]