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Who needs a testamentary trust?
July 24, 2023Estate Planning
The rising cost of living is grabbing all the attention right now as people struggle to pay the increasing prices. But in the meantime, our collective wealth has been growing steadily and is being transferred to the next generation at increasing rates. In fact, the value of inheritances as well as gifts to family and...Read More
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the return on many investments. It can also affect the value of the currency, which has a further trickle-down effect on other investments. So, when rates...Read More
Planning to retire
July 17, 2023Retirement Planning
Before you retire If you're planning to retire, you need to consider: your age including if you have reached your preservation age when you can access your super how much tax you will pay on amounts you receive if good leaver conditions apply if you are part of an Employee Share Scheme if the retirement...Read More
There's a common misperception that in order to start investing, you need a large initial sum and lots of time. Here's why that's a myth. Investing can seem like a daunting task, particularly for those who think they lack the time and resources to start. A study has found that many Australian investors think they...Read More
If you’re a first home buyer, you may be eligible to withdraw voluntary super contributions you’ve made (plus earnings) to put towards a home deposit. Through the First Home Super Saver Scheme (FHSSS), first-home buyers may be able to use Australia’s superannuation system as a tax-effective way to save for part of their home deposit....Read More
How much tax you pay on your super contributions and withdrawals depends on: your total super amount your age the type of contribution or withdrawal you make If you inherit someone's super after they die, the person's super fund pays you a super death benefit. You may have to pay tax on some of this...Read More
If you need help in your home, or can no longer live independently, the Australian Government provides a range of aged care services. These services are subsidised, but you need to contribute to the cost if you can afford to. Where to start The first thing to do is think about what you need. You...Read More
Many Australians now technically qualify to be certified as a sophisticated investor, but what are the benefits and risks? Sophisticated is a word that can have a wide range of connotations. In the subjective sense it may be used to describe people considered to be well educated, knowledgeable and experienced. But there is an entirely...Read More
You’re nearly there. After a lifetime of toil – of digging, building, thinking, manufacturing, planting, helping and nurturing – it’s time for you to enjoy your Golden Years. If you’re an Australian resident, you’re entitled to an age pension and a Seniors Card. Here’s what you need to do next. Age Pension Eligibility To claim...Read More
Charting bear and bull markets
June 26, 2023Financial Planning
Bull market surges have been longer and stronger than the bear markets that preceded them. Bear markets occur when a share market falls by 20 per cent or more from its most recent trading high. Volatile economic and investment conditions caused the United States share market to fall into bear market territory in 2022. Fortunately,...Read More