Give your finances an autumn shake-out
March 2, 2021
Like trees losing their leaves in autumn, why not take a leaf out of their book and choose this time of year to shed some of your own financial baggage. In the style of Marie Kondo, the Japanese organising whizz who has inspired millions to clean out their cupboards, decluttering your finances can bring many…
Review of 2020, outlook for 2021 – from Pandemic to Recovery
December 10, 2020
Key points 2020 was dominated by the Coronavirus pandemic but shares saw okay returns on the back of policy stimulus and vaccine optimism, resulting in constrained but positive returns for balanced growth super funds. For 2021, the combination of massive policy stimulus and the prospect of vaccines allowing a return to something more normal by…
‘Tis the season for wise spending decisions
December 10, 2020
The traditional festive holiday season is likely to be a little different this year, but one thing is likely to remain the same – the temptation to spend and the post-Christmas budget hangover. Last year Australians spent about $1000 each for Christmas on presents, decorations, travel and charity donations. For 28 per cent of us,…
Five tips for a better retirement
November 10, 2020
Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment. However, to make sure your retirement is everything you’d hoped for, it’s crucial to make smart decisions to help you stick to your financial plan,…
Taking control of your finances after a separation or divorce
November 10, 2020
Going through a separation or divorce can be a stressful and emotionally-charged time, particularly when it comes to conversations around shared finances and the division of assets. Having a clear plan for how you approach these discussions can help provide direction and ensure you reach a fair solution that everyone is happy with. Set yourself…
Making your savings work harder
November 10, 2020
With tax cuts and stimulus payments on the way, Treasurer Josh Frydenberg is urging us to open our wallets and spend to kick start the national economy. But if your personal balance sheet could do with a kick along, then saving and investing what you can, also makes sense. One positive from this COVID-19 induced…
Federal Budget 2020-21 Analysis
October 13, 2020
Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia’s…
Opportunities amidst the COVID-19 disruption
October 13, 2020
COVID-19 is resulting in significant disruption to well-established business paradigms, impacting businesses, sectors and stocks across the board. However, as Albert Einstein once said: “in the middle of difficulty lies opportunity”. That certainly rings true in 2020 as analysts predict significant changes in the types of businesses that will prosper through the crisis and beyond,…
Paying taxes and maximising tax deductions
August 11, 2020
Tax time can feel stressful; however, paying close attention to allowable deductions may lower the tax you need to pay on your tax return. Here are some allowable deductions you may wish to consider when preparing your next return. While every person’s financial circumstances are unique, it can be helpful to be aware of some…
5 common financial mistakes to avoid during a crisis
August 11, 2020
The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. In an ideal world, the financial boost should be enough and assumes that everyone was financially prepared for tough times. But in times of crisis, it can all be a little overwhelming. Here are 5 common financial mistakes to avoid…
Balancing wealth and happiness
August 11, 2020
It can at times seem like life is a seesaw of logic and emotion. If you believe by emotion, then no amount of reason can talk you out of how you feel. It’s how some fall prey to a life of worry, frustration and disappointment. But if you stay focused on what matters most right…
Super changes add flexibility
August 5, 2020
Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up their savings. From 1 July 2020, changes came into effect with the potential to help retirees as well as members suffering financial hardship…
Extension of the JobSeeker program
August 5, 2020
The Government is extending the Coronavirus Supplement to eligible recipients to 31 December 2020. The amount of the Supplement will be adjusted to reflect the gradually improved economic conditions and improving labour market. Both existing and new recipients eligible for the Coronavirus supplement will continue to be $550 per fortnight up to and including 24…
JobKeeper changes announced
August 5, 2020
The JobKeeper Payment has been extended by a further six months to March 2021, targeting support to those organisations which continue to be significantly impacted by COVID-19. From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. The payment rate will be reduced, and a lower…
New financial year – new perspective
July 13, 2020
The start of the financial year is always an excellent time to take stock of your current situation and visualise where you’d like to be in the future. It’s fair to say this year hasn’t been ‘business as usual’! While no-one could have predicted the first six months of 2020, nor want to repeat them,…
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