Act now to keep your insurance

Act now to keep your insurance

“Protecting Your Superannuation” Reforms are now in place – what you need to know and the unintended consequences of these changes.

You will be contacted if your account is considered ‘inactive’.

If you receive an email or letter from your super fund enabling you to opt in to keep your insurance – please consider carefully and act.

If you have any questions in relation to opting in please contact your superannuation fund – each fund has its own system and Advisers are not able to opt you in on your behalf.

Federal Budget Report 2019-20

Federal Budget Report 2019-20

The Federal Budget was as expected a vote pleaser with the upcoming election. Please remember with an election likely to be in May, whoever wins Government will need to bring Parliament back in early June to pass the tax measures for 18/19 to take effect July 2019. If Labour was to win the election – no doubt we will see further tax reform particularly in relation to negative gearing and imputation credits.

As part of our ongoing service arrangements, in our planning meetings we continue to assess the impact of legislative changes on your specific financial position and recalibrate your Financial Plan. 

The main points are:

  • Tax cuts for low and middle income earners.

  • Changes to superannuation contribution rules for people aged 65 and 66 (no longer need to meet the work test) From 1 July 2020 (this is great – and we are relieved the super changes are not significant this time around in the Budget after the massive overhaul of Super in July 2017).

  • Significant funding to implement the Government’s response to the Financial Services Royal Commission.

  • A one-off Energy Assistance Payment for recipients of income support.

  • An increase to the value and eligibility for the instant asset write off for small and medium sized businesses (from $25,000 - $30,000).

  • The Government will sensibly remove the requirement for an actuarial certificate where all members are in retirement pension phase of a SMSF.

Federal Budget Report 2018-19 - What it means for you

Federal Budget Report 2018-19 - What it means for you

On Tuesday 8 May 2018, the Treasurer, Scott Morrison, released the Government’s 2018-19 Federal Budget. The Budget is designed to create short sharp election headlines.

This year’s Budget has an emphasis on retirement planning and contains several important considerations which may affect both retirees and pre-retirees, explored further below.

​​​​​​​It’s important to note that at this point in time, these proposed measures are not yet law and may be subject to change.

Super Changes Update and Mygov

Super Changes Update and Mygov

Over the years the government has been transferring retirement responsibility from them to you.

Where previously the Age Pension and perhaps a Defined Pension were the key financial issues, more and more retirees are now in charge of managing substantial capital and investments, and now will have to be ahead of all the new rules such as caps and balances. Penalties can be severe and costly for errors, particularly with SMSFs.

Michelle Tate-Lovery - IFA Goals Based Adviser of the Year and 50 most influential advisers in Australia.

Michelle Tate-Lovery - IFA Goals Based Adviser of the Year and 50 most influential advisers in Australia.

It is no secret that our Managing Director and Principal Financial Adviser has dedicated herself to and made a huge impact on her profession. This year in particular we wish to congratulate Michelle on:-

  • Being awarded the Independent Financial Adviser (IFA) Goals-Based Adviser of the Year 2017
  • Being named among the Financial Standard Power 50 - The 50 most influential advisers in Australia.

Federal Budget 2017-18

Federal Budget 2017-18

Last night the Federal Government handed down the 2017-18 Federal Budget.

This year’s budget was not expected to be one of great change for most investors and clients (thankfully as we are still dealing with the superannuation changes from the last budget that will be implemented in July 2017) and lived up to these expectations in most areas.

We have reviewed the Budget and prepared a summary of the key measures to be considered. 

Client Story - Income Protection Insurance Claim

Client Story - Income Protection Insurance Claim

Focusing on getting better is easier to do if your finances are being taken care of.

Anyone who has gone through a traumatic life event, faced with a cancer diagnosis, loss of mobility or ongoing intrusive medical treatment can attest to this.  

We have dedicated this blog update to share a real life client story, highlighting the true impact of having the right type of cover in place.