For many people, super is one of the best ways to grow your wealth, as it provides significant tax concessions to help you save for retirement. Downsizer contributions are a valuable way to boost your super as you approach retirement. What is super? Superannuation is a specialised type of investment structure designed to help you accumulate a significant level of savings for your retirement. To encourage you to save for… Read more
To many people, financial planning is perceived as something only for the wealthy. In fact, financial planning is about having long-term and short-term financial goals and developing a plan to achieve those goals, no matter your financial status. It’s about knowing how to make the most of your money – whether that’s putting a little extra into savings one month or paying off a bit of debt more quickly. The focus… Read more
Most superannuation funds will pay a sizeable death benefit if you die. Usually your super, which includes your account balance and any superannuation death benefits, will be paid to your dependents. This death benefit might provide a big difference to family members who were dependent upon you. This might be your spouse or children but could also be other family members or friends. Who is a tax dependent? A current spouse,… Read more
Catching up on unused concessional contributions to super is a good way to boost your superannuation if you have had an interrupted income or haven’t been in a position to put as much into super as you’d like. Taking time off work to study, travel or care for your family, or prioritising other financial committments, often means you may not be in a position to make concessional contributions to super.… Read more
Insuring your car, home or other possessions makes sense. So why do so few of us insure ourselves? If illness or injury stopped you from working for an extended period, could you keep paying your bills? Income protection insurance gives you peace of mind that if the unexpected occurs, you and your family will be provided for. What is income protection insurance? Income protection insurance is an important way of… Read more
If putting together your estate plan isn’t at the top of your priority list, you’re not alone. It’s something that people typically don’t want to do–for a variety of reasons. It’s not fun to think about what happens after we’re gone, and we often believe we have a lot of time to get our affairs in order. No matter how large or small your estate is, you need a plan… Read more