Downsizer contributions to super
Anyone aged 65 or over, can now make a downsizer contribution of up to $300,000 using the profits from the sale of an eligible property, without having to meet the work test requirements and in addition to current contribution caps.Read Full Article
CGT main residence exemption rules change for non-residents
If you become or are a non-Australian resident for tax purposes and you wish to sell your main Australian residence, then you should be aware of some recent tax law changes that were legislated on 12 December 2019.Read Full Article
Salary sacrifice integrity measures
From 1 January 2020, employers are required to base the SG contribution on the employee’s pre-salary sacrifice income; and are prevented from using employee salary sacrifice amounts to reduce their minimum SG contribution.Read Full Article
5 Money saving tips
Whether you’re saving for something special or a home deposit, want to shave some cash off your mortgage payments or simply budget better, these five-point plans will set you on the right path.Read Full Article
A reminder to update beneficiary nominations for your super
Updating your nomination of beneficiary for your superannuation fund may not be high on your priority list. But it should be.Read Full Article
Financial pearls of wisdom
As we approach retirement some people start to panic a little wondering if they are truly looking forward to the time of their life when they no longer have to work. Instead of worrying, have a read of the following tips.Read Full Article
Life can change in an instant
We take a look at the long-term after effects of underinsurance. It not only details the financial consequences but the impacts on the health and social welfare of those left behind when the key breadwinner dies.Read Full Article
How debt consolidation can transform your finances
Credit cards are now a major source of personal financial debt in Australia. A recent report issued by ASIC indicated that one in six Australians are struggling under a mountain of debt that might never be repaid.Read Full Article
10 common financial mistakes before retirement
Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. We highlight 10 common mistakes people make as they get closer to retirement.Read Full Article
The business of farming
There is a need for Australian primary producers to view their farm as a business, where strategic planning and professional support play crucial parts in building a successful and sustainable business.Read Full Article
Wealth protection through the ages
Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or yourself, from unforeseen risks that can undermine the best made plans.Read Full Article
Not ready to retire? This might be another option
If you’re close to reaching your preservation age you will soon have access to your superannuation. An increasing number of people at this stage are taking control of their finances and buying themselves a new later-life career.Read Full Article
What is classed as a contribution to super?
We all want to retire with as much money as possible but there are limits on how much we can contribute into our superannuation funds and if we exceed them it can be painful.Read Full Article
Be different today so you can be different tomorrow
Every generation thinks life will be different – and of course, each one is right - but when it comes to planning for the future, while we’re young we have a habit of thinking there is still plenty of time.Read Full Article
“Tap and go” and then what?
It is commonly reported in the press that Australians are suffering under growing levels of personal debt. With the growing use of the easy “tap and go” technology it may look like it can only get worse.Read Full Article
4 good places to stash your cash
If there is a good chance you will receive a tax refund this year or by being thrifty you have accumulated some extra cash in your everyday account, try to contain the temptation to splurge or celebrate; instead make it work harder for you.Read Full Article
8 ways to help kids with their money
Attitudes and activities are changing much earlier than in previous generations, so, for the sake of their future well-being, it’s important to introduce your children to the intricacies of money management from an early age.Read Full Article
Welcoming a new family member is exciting but with so many aspects of your life changing, when it comes to your finances some forward planning can make the transition so much easier.Read Full Article
An important conversation
Older people tend to be very private around subjects like their finances, estate planning and aged care, etc. This article provides information around what you should be discussing with an elderly relative, and how to open a two-way conversation that puts everyone’s mind at rest.Read Full Article
Have a plan - just in case
It’s impossible to know what might happen in the coming months or years in your career or industry. Here are some points to consider that will put you in a better position - just incase.Read Full Article
Making your money work harder
Long-term savings plan, online savings accounts and fixed term deposits will not generate much growth. Managed funds, can have a higher potential to surpass cash and fixed term investments.Read Full Article
It’s never too early to start
When teaching your children to manage their money you are helping your kids grow into financially savvy adults. You might even learn something about your own money habits along the way.Read Full Article
Design your own super adventure
Superannuation funds allow members a level of choice in relation to how the money is invested, which means it can be up to you to create what your retirement adventure might look like.Read Full Article
Take advantage of NOW!
Many young people in the X and Y Generations are earning excellent incomes but have little savings, excessive debt and consider the future too distant to be of concern.Read Full Article
Preparing for tomorrow
Imagine you were no longer able to look after your financial affairs, or, less dramatically, simply found it an increasing burden to manage your money. How easy would it be for a trusted family member to step in and help you?Read Full Article
Why Australian interest rates could stay low for decades… and what that means for your investments
Many investors fear the impact of a return to interest rates of 5%, 6% or even 7%pa that were considered normal just a few years ago. They worry about the impact on share and property markets, they worry about locking fixed rate term deposits and annuities and missing out on the big rate rises to come.Read Full Article
Super in your 60s. It’s still not too late!
For most Australians, their 60s is the decade that marks retirement. For some this means a graceful slide into a fulfilling life of leisure, enjoying the fruits of a lifetime of hard work. However, for many it means a substantial drop in income and living standards. So how can you make the most of the last few years of work before taking that big step into retirement?Read Full Article
The secret to ‘living the dream’
We all, to a greater or lesser extent, have an idea of our dream lifestyle. So how, as a nation, are we faring? To find out, the Financial Planning Association of Australia (FPA) commissioned a survey of more than 2,600 people from around the country. The resulting Live the Dream report provides an insight into the extent to which we are collectively living our dream life and, more importantly, reveals key habits and characteristics of those who are already doing so.Read Full Article
Debunking the myths around tax-paid 'investment bonds'
An investment bond is a managed investment, usually operated by an insurance company or friendly society, where your money is pooled with money from other investors and invested in the investment options each investor chooses.Read Full Article
Australians at higher risk this year of being penalised for exceeding superannuation contribution limits
Changes to the superannuation rules in effect for the 2017/18 financial year are designed to further limit the amount of money Australians can contribute to the tax advantaged superannuation system.Read Full Article
You’ve paid off your mortgage! Now what?
Paid off your mortgage? Woo-hoo! Break out the champagne and celebrate the freedom you must now feel! But once the dizzy excitement has passed, what will you do next?Read Full Article
How having no will, or an invalid will, can cause unintended problems for your loved ones.
A commonly held myth about wills is that if you do not have one, all your estate goes to the government. While that is not quite true, the reality may still surprise many.Read Full Article
How much money are you placing at risk by not insuring your ability to earn an income?
Not many people risk being uninsured when it comes to their car or home. But many choose to not insure their most valuable asset – that is, their ability to earn an income.Read Full Article
Can You Have More Than One Life Insurance Policy?
A question I am frequently asked is “Can you have more than one life insurance policy?”. The answer is yes - you can, and most people inadvertently do have multiple policies if you have more than one super fund.Read Full Article
Do you have adequate Trauma Insurance?
Cancer is unfortunately the most prevalent trauma condition in today’s times. When selecting adequate trauma insurance, medical expenses should be a significant component – but do you know the true financial cost of cancer?Read Full Article
Michelle Roberts wins Best Small Practice of the Year Award for 2016
Ms Michelle Roberts* has won the prestigious Australian Unity Best Practice Small Practice of the Year award for 2016.Read Full Article
Business Estate Planning and why YOUR business NEEDS it!
Business estate planning is the process of arranging your business affairs now to help ensure there is no unnecessary deterioration or loss of continuity in your business - appropriate business estate planning reduces risk.Read Full Article
Do you have enough life insurance?
Research shows that Australian families have only 38% of the life insurance cover they need. If something unexpected happened and you could no longer financially support your family, it would be comforting to know that your life insurance would provide for you. But recent research from Rice Warner suggests that wouldn’t be the case for most families.Read Full Article
“Thank you to my clients for the vote of confidence!”
Michelle Roberts extends a big thank you to her Financial Planning clients, after receiving excellent feedback on a recent survey.Read Full Article
An Introduction to Borrowing Through a SMSF
There’s a lot of noise in the market place at the moment about Self Managed Super Funds (SMSFs). Back in the day, we weren’t allowed to borrow within SMSFs for investments like property or shares. But since 2007, all this has changed. Today we are able to borrow to purchase both commercial and residential property as well as a range of other assets.Read Full Article