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Financial Planning

Super changes that could affect you from 1 July 2022

Super changes that could affect you from 1 July 2022 The government has announced a number of changes to the super system could create opportunities for Australians of all ages. Here’s a rundown of what you need to know. More people will be eligible for contributions from their employer, under the Superannuation Guarantee (SG), as […]

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Financial Planning

9 retirement thought starters for people in or nearing their 40s

9 retirement thought starters for people in or nearing their 40s 1. Do I have to retire by a certain age? You can retire whenever you want to in Australia, but your financial situation, employment opportunities, health and wanting to coordinate with your other half could play a big part. 2. How much money will […]

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Financial Planning

Granny flat arrangements within the context of the gifting rules

Granny flat arrangements within the context of the gifting rules Retirees wanting to downsize their home may consider the option of living in a granny flat, or an extension to / spare room of a relative or friend’s home. Money, the transfer of an asset or a combination of both, may be given as consideration […]

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Financial Planning

How does your pension live on after you die?

How does your pension live on after you die? Account-based pensions offer a flexible and tax-effective method of drawing a regular income stream from superannuation. They are an essential part of your overall retirement strategy and are usually used from retirement until death. But what happens to your tax-free account-based pension when you do die? […]

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Financial Planning

What happens to my super when I move overseas?

What happens to my super when I move overseas? You might be leaving the country for a variety of reasons – career prospects, love, adventure, new opportunities – or you may be returning home. While you’ve probably got a checklist of things to cover off before you jet, spare a thought for any super you […]

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Financial Planning

Demand for financial advice doubles in five years

Demand for financial advice doubles in five years If your car engine sounds dodgy, you see a mechanic. If you’re unwell, you see a doctor. If you’ve got a tooth ache, you see a dentist. But what about when you’re looking to better manage your finances? According to 2020 figures from research group Investment Trends, […]

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Financial Planning

Mortgage versus super – a common dilemma

Mortgage versus super – a common dilemma Conventional wisdom used to dictate Australians were better paying off their home loans, and then, once debt-free turning their attention to building up their super. But with interest rates at record lows and many super funds potentially offering a higher rate of return, what’s the right strategy in […]

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Financial Planning

Downsizing your home? Understanding the downsizer contribution

Downsizing your home? Understanding the downsizer contribution Downsizing the family home is often part of the longer-term financial plans for many older Australians. But did you know that you could consider investing the proceeds of the sale of your family home to your super – depending on your age and circumstances – as a downsizer […]

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Financial Planning

Saving for your child’s future

Saving for your child’s future As every parent knows (even before they become one), raising a child isn’t cheap. And those expenses don’t necessarily stop once they reach 18. Parents often hope to help their adult children with significant financial milestones in life too. In this article we look at some of the main expenses […]

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Financial Planning

Federal Budget 2021-22

Federal Budget 2021-22 What it means for you As the COVID economic landscape continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget. Among the proposed changes, he announced continuing tax relief for lower earners, help for older Australians to save for retirement and more assistance for first home […]

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Financial Planning

Relationship break-up entitlements when you’re in a de facto

Relationship break-up entitlements when you’re in a de facto If you’ve recently split from your partner or are simply wondering what might happen if you do, you’ll need to keep your financial wits about you. A division of assets and debts, whether they’re held separately or together, may be on the cards. Here are some […]

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Financial Planning

How to start saving for your future in your 30s

How to start saving for your future in your 30s Some big life changes – and big expenses – can occur in your 30s. The key to maximising your retirement savings now is making savvy, forward-thinking financial decisions. This becomes even more relevant when you’re surrounded by the current economic uncertainty. Short-term needs and expenses […]

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Financial Planning

The right times for financial advice

COVID-19 has created uncertainty everywhere and impacted not just our health but our wealth too. From millennials to retirees, we’ve had to review our finances and adapt to the changing environment. We’ve seen volatile share markets, slashed dividends on bank stocks, record-low interest rates and sectors like airlines, tourism and traditional retail struggling to survive. […]

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Financial Planning

What you need to know if you deferred loan repayments due to COVID-19

With the initial six-month deferral period coming to an end, lenders have started contacting customers who deferred their home and business loans due to COVID-19. Over the next month, Aussie lenders will contact more than 450,000 borrowers to assess whether they can start repaying their loans. This includes at least 260,000 mortgage deferrals and 105,000 […]

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Financial Planning

What to do next if you’re facing redundancy

Uncertainty around COVID-19 might be increasing your stress levels about losing your job, but here are five ways to soften the financial blow. In April, Australia hit its highest unemployment rate in five years, and with the Federal Treasurer expecting an unemployment rate of around 10% by the end of the year, many Aussies may […]