It’s been a decade since the market crash known as the Global Financial Crisis rocked the investment world. At the time investors could only watch in disbelief as 50 per cent was wiped off the value of their shares. Arguably, the actions those investors took are still reverberating today. Which begs the question: what are […]
If you’ve got super, chances are you’ll have some default insurance included and the option to buy more at an attractive price. It’s a cost effective way to get a basic level of cover, but holding insurance inside super does have some downsides. Forms of super insurance There are three types of insurance you can hold inside super: […]
From time to time a Self Managed Superannuation Fund (SMSF) is really not necessary. The discussion comes up as to whether to close the fund and move it back to retail super. Be warned, this is not as straightforward a process as it was moving from retail to SMSF in the first place. Consider this before […]
With June now here we thought one more update is in order before the financial year comes to a close. For employees… This is the first tax year that you can top up your deductible super contributions before June 30 by making a lump sum contribution. So as an example, if your employer has paid […]
From the 1st of July the most that can be contributed to super for which you can claim a tax deduction is $25,000. This includes the money that your employer is paying through super guarantee charge (SGC). So if your employer pays $10,000 per annum in SGC on your behalf, then the most you can […]
At first glance, investing can seem daunting. So much complex information and little time to absorb and act on it when you’re busy getting on with life. It’s little wonder that so many of us put it in the too hard basket. The good news is that investing doesn’t need to be hard. The basic […]
The Budget promises to deliver a strong economy, more jobs, guaranteed essential services and the government living within its means, so what does this mean to you? Encouraging tax cuts There’s immediate relief for Australians on low to middle incomes, as well as light at the end of the tunnel for higher-income earners. Those […]
The Federal Government has turned the spending tap back on, signalling the end of the revenue drought since the GFC and the end of the mining investment boom. As widely anticipated, Treasurer Scott Morrison’s third Budget has cut income taxes, boosted support for senior Australians, delivered $24.5 billion of new infrastructure spending and promised […]
Smashed Avo for breakfast or buying your First Home? Why not both? In response to the increasing house prices in Australia, parliament has passed new legislation allowing first home buyers to save for their home deposit (residential home) within superannuation. Saving a deposit to buy your first home can seem unattainable. To be approved […]
Self Managed Superannuation Funds (SMSF), provided that the governing trust deed allows for it, have the capacity to borrow money to purchase property. This is called a Limited Recourse Borrowing Arrangement (LRBA). We have a video on how it works and you can get it by clicking here. With any strategy like this it is […]