Illegal early SMSF access on ATO’s radar
April 4, 2023
Since the Albanese Government announced its intention to double the tax on investment earnings for super account balances over $3 million, there has been lots of talk about taking money out of self managed superannuation funds (SMSFs) to avoid the tax hikes. As SMSF trustees have more control of their super assets compared to those…
Think you’ll never fall for a scam? Think again!
April 4, 2023
It’s no secret that scammers are getting more sophisticated. As this is an ever-evolving space, scammers are constantly developing new ways to part you with your hard-earned cash – and they cast their net wide. While it’s easy to think “it will never happen to me”, people who never expected to be victims of scams…
How to get super ready for EOFY
April 4, 2023
Superannuation has dominated recent headlines, with proposed changes announced by Treasurer Jim Chalmers. While the details of these changes still need to be released, it’s worthwhile turning our focus to superannuation balances as we approach the end of the financial year. There are lots of different ways to top up your super, but if you…
How do interest rates affect your investments?
April 4, 2023
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the return on many investments. It can also affect the value of the currency, which has a further trickle-down effect on other investments. So, when rates…
Market Update – Silicon Valley Bank
March 13, 2023
On Friday American regulators closed Silicon Valley Bank (SVB) and sent it into receivership. You may never of heard of SVB before and for good reason, it was a small bank that dealt mostly with Silicon Valley, Venture Capital, and Tech Start Ups. This is the second biggest banking collapse in US history as there was around…
Market Movements & Economic Review March 2023
March 3, 2023
Stay up to date with what’s happened in the Australian economy and markets over the past month. The gloomy prospects for economic growth, both in Australia and overseas, are occupying the minds of investors, businesses, and political leaders. The early 2023 stock market rally appears to be fading as concerns about inflation and cash rate…
The Rich Life Vol 67
March 1, 2023
With Autumn underway, the changing season is a reminder to take stock and prepare for what’s ahead as the financial year heads towards its final quarter and the May Federal Budget. The gloomy prospects for economic growth, both in Australia and overseas, are occupying the minds of investors, businesses and political leaders. The Reserve Bank…
Trust your gut to boost your health
March 1, 2023
Gut health has become one of the hottest health topics in recent years as we have started to learn about the complex connection between gut health and overall health. So why is gut health so important and how can we support and boost our own microbiomes? Firstly, what exactly is a microbiome? The human microbiome…
Star ratings for Aged Care help make family choices easier
March 1, 2023
Moving into aged care can be a challenging time, both for those making the move and families supporting their loved ones. It’s understandable that everyone wants to find the most suitable accommodation and the appropriate standard of care, however, it can be confusing to make that choice. A new star rating system for aged care is giving…
Flexing your retirement plans
March 1, 2023
The concept of retirement is changing, with fewer people working towards a final retirement date and then clocking off for good. Instead, those who have the flexibility to choose are often transitioning out of the workforce over several years, or even returning after a break. Whether you simply want to wind back your working hours…
Six simple ways to protect your passwords
February 22, 2023
We use passwords to access our bank accounts, social media, email and more every day. Passwords are the keys to our online identity. That’s why protecting them is so important. Creating a strong password is the first step to protecting yourself online. This helps reduce the risk of unauthorised access by those willing to put…
Market Movements & Economic Review February 2023
February 1, 2023
Stay up to date with what’s happened in the Australian economy and markets over the past month. China’s plans to kickstart its economy after the pandemic shutdown have been dominating the news this month and will have worldwide implications, not the least for Australia. Australian shares were up nearly 8% in January while US stocks…
The Rich Life Vol 66
February 1, 2023
February marks the end of summer holidays for many of us and getting down to business for 2023. It can be a good time to reflect on plans and goals for the months ahead. From a business perspective, we are delighted to officially welcome Nick Georgopoulos to the team as our newest Financial Adviser. Nick…
Raising resilient kids
February 1, 2023
We all want the very best for our kids and as much as we would like to shield them from the difficult aspects of life, sadly we can’t keep them from facing challenges along the way – both big and small. The term ‘helicopter’ parenting has been bandied around a bit in recent years and…
Stepped vs level premiums: which is best?
February 1, 2023
These days, most people hold some form of life insurance in their super account. While this is a welcome safety net, the level of cover held this way is often inadequate. A Rice Warner study back in 2020 found that life cover within superannuation only met about 65-70 per cent of actual need.i With the…
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