The Rise of Mergers in Superannuation Funds
Ever noticed your retirement nest egg getting a makeover? Your superannuation statement shows up with a brand new name on the envelope, welcome to the world of superannuation mergers! Where’s my super fund gone? Superannuation funds are under increasing pressures to consolidate and achieve economies of scale, which ideally will leave to a more streamlined […]
Exploring Ethical Investing: Aligning Values with Financial Goals
In the realm of investment decision-making, considerations often revolve around two primary factors: the potential return on investment and the level of risk involved. However, an emerging trend in personal finance is shedding light on a third crucial element: whether investments align with one’s personal values and beliefs. This paradigm shift has given rise to […]
Diversifying Wealth: The Pitfalls of Property Dependency
Australia’s enduring fascination with property has undeniably contributed to our nation’s prosperity. However, there’s a growing concern that over-reliance on this single investment avenue might not be as safe as once thought. Much like any other asset class, the property market experiences its fair share of ups and downs, and signs suggest cracks may be […]
Securing Your Future: The Importance of Life Insurance and Income Protection
“Do I need life insurance” is a common question asked. But knowing what you need isn’t a simple answer. The world of life insurance can be overwhelming and confusing, which is why we’ve taken this opportunity to explain the different types of cover available to you and why you might need them. It’s all about […]
Retirement can be taxing! Plan ahead
Planning your retirement extends beyond envisioning your post-career activities; it encompasses strategic considerations to optimise your accumulated wealth, including tax planning. Minimising tax obligations allows for more funds towards your retirement goals – obviously right! Start to think about the timing of retirement, individuals should assess the implications of their chosen month. In cases of […]
The Pro’s and Con’s of SMSF
Delving into the dynamics of Self Managed Superannuation Funds (SMSFs) reveals a rapidly expanding sector within the super industry. With a staggering 606,217 SMSFs in Australia as of June 2023, boasting total assets of $889,500 million, their popularity is undeniable, though not universally applicable. The Pro’s For experienced investors with a minimum of $200,000 and […]
Superannuation tips for different ages
Superannuation tips in your 50s Are you in your 50’s and wanting to retire in the next 10 – 15 years? then now is the time to start planning. Superannuation will offer you a tax effective way to save for retirement, so consider making extra contributions to boost your balance. Now’s the time to think […]
Big changes: Paying super on Government Paid Parental Leave
What’s happening? The Labor Government has made a significant announcement regarding the Paid Parental Leave scheme, noting they’ll now pay superannuation on the Government payment from 1 July 2025 This reform is noted as an investment in woman’s economic security, as it helps to build and protect woman’s retirement savings as they take time off […]