More on the Federal Budget…

Yesterday we posted an article on the likely effects of the Federal Budget from the SMSF perspective. Today we publish a list of the broader areas in which major changes were announced. Naturally, there is a lot more detail behind each bullet point, so if you are interested in finding out more, please don't hesitate [...]

2018-01-22T08:14:23+00:00 May 11th, 2017|

SMSF stability an outcome of Federal Budget

With many of our clients having self managed super funds, we've summarised the key points from Treasurer Scott Morrison's 2017/18 Federal Budget from the SMSF perspective. In short, stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation [...]

2018-01-22T08:14:24+00:00 May 10th, 2017|

Aged Pension changes from 1 January.

As 2016 gallops to a close, it may feel like the changes to the Asset Test for the Aged Pension have just been drawn up. These changes were, however, announced in the 2015 Federal Budget. So who's affected and what does it mean? If you are over 65 and in receipt of a full or [...]

2018-01-22T08:14:24+00:00 October 28th, 2016|

Plan ahead to make the most of your retirement.

Be retirement-ready by staying across the latest changes proposed for Super. (And if you'd like help in interpreting them for your situation, talk to us.) On 27 September 2016 the Government released another round of draft legislation implementing a number of the changes to superannuation it announced in the 2016 Federal Budget. Many of these [...]

2018-01-22T08:14:25+00:00 October 4th, 2016|

What’s new in Super?

The Government has announced some proposed changes to the superannuation rules it had foreshadowed during the run up to the last Federal election. Here's a rundown: Are you clear on what non concessional contributions you can contribute in a year? With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions [...]

2018-01-22T08:14:25+00:00 September 23rd, 2016|

Winners in the Self Managed Super Fund (SMSF) industry.

For an increasing number of our clients, a Self Managed Super Fund (SMSF) offers substantial advantages in helping them plan for their retirement. And as anyone who has had experience of an SMSF knows, there are many elements that need to be addressed in establishing and running a fund. These include administration, audit, documentation, investments, [...]

2018-01-22T08:14:25+00:00 September 7th, 2016|

The pitfalls of being average.

Did you know you need at least $800,000 in your retirement savings (in today’s dollars) to retire comfortably? Unfortunately – for the majority of Australia’s 4.7 million pre-retirees – achieving this goal is looking highly doubtful. New research by CoreData* shows that 53.1% don’t believe they will have sufficient retirement assets to match their desired lifestyle [...]

2018-01-22T08:14:26+00:00 May 3rd, 2016|

Enjoying retirement

5 Financial works with people at all stages of life. We have particular expertise in assisting people who are approaching or entering retirement, helping them to make the most of their financial opportunities so they can enjoy this special time of their lives. Di Reggett has been a client of ours since 2012 when she [...]

2018-01-22T08:14:33+00:00 September 3rd, 2015|

Superannuation returns: what can we read into them?

It’s a new financial year so that means the media will soon be publishing their annual scorecard on the relative performance of superannuation funds. From year to year, it’s up and down of course. And there’s a raft of factors that come into play. Everything from what’s happening more broadly in the economy to variations [...]

2018-01-22T08:14:33+00:00 July 2nd, 2015|

Key points from the 2015 Federal Budget

This year’s Federal Budget has limited implications for our wealth management clients. The main change relates to taper rates for eligibility for the age pension. This is likely to affect clients whose assets are currently borderline with the assets test. Pension entitlements are currently reduced by $1.50 for every $1,000 of assessable assets above the [...]

2018-01-22T08:14:34+00:00 May 14th, 2015|