For many reasons, women face additional hurdles when it comes to achieving financial freedom. So it’s important to take control of your finances now, and be proactive when it comes to planning your financial future. The unfortunate truth is that women experience low-income and poverty at...
The answer is: as soon as you begin working. Too late for that? Remember that saving will be easiest if you start now. Saving for retirement is effectively a balance between your quality of life today and living your best life tomorrow. Let's work backwards, how much...
Superannuation Overview Why invest in superannuation? Superannuation is an investment environment designed specifically to help you save for retirement. Knowing what superannuation is and how it works can give you greater control and the confidence to make the financial choices that are right for your needs. For...
An effective long-term contribution splitting strategy can significantly increase a couple’s shared wealth and increase their capacity to make more and larger contributions into super. A spouse contribution split can be of assistance in reducing a member’s total super balance below one of the trigger...
It is uncertain with the potential change of government how some of these strategies will fair going forward, however, as of April 2019 we know that there are things that you can do to make your super work harder for you. Tax-deductible super contributions You may be...
Here are some of the key changes that took effect on 1 July 2018 that could impact your situation or otherwise create opportunities for you and your family. Buying your first home? Status: Bill passed Effective: 1 July 2017 for super contributions and 1 July 2018 for release...
The maximum value for participants in the First Home Super Saver Scheme (FHSSS) will generally arise from making voluntary concessional contributions (CCs) to their super fund. A large part of the benefit stems from the tax differential between personal marginal tax rates that would otherwise...
According to the ASG Planning for Education Index (link here) released in January 2018, the costs of educating your child through the private system could be as high as $475,342. It also estimates that it could cost $66,320 in the public system and around $240,679...
With the end of financial year (EOFY) approaching quickly, it’s now a great time to start thinking about some of the actions that you could be taken before 30 June to build your wealth tax-effectively. Your key priorities may include: Maximising super contributions without exceeding the...