Author: prudentia

Important detail highlighted in legacy pension draft regulations

While the draft regulations aimed at tackling the excess transfer balance issue are a welcome development, SMSF trustees will have to hope the ATO releases the excess notice determination quickly to avoid interest building up, according to Heffron.

Read more...

Vaccination rates (Dose)

61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.

Read more...

Countries with highest life expectancy (1800 – 2099)

  In line with our ongoing theme of videos concerning global trends and statistics, this video looks at life expectancy over two hundred years.  

Read more...

Outlook for 2022

With central banks clearly in play, financial markets are likely to see higher volatility in the year ahead. This should create some great opportunities for patient investors. Schroder have increased cash levels and reduced riskier credit exposure over the most recent quarter in anticipation. Looking forward into 2022 we are once again in a period...

Read more...

Excuses limited for late death benefit payments

  The ATO will only recognise limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.  

Read more...

State and Federal COVID-19 support — January 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

Read more...

Advisers warned on joint entity hurdles for ‘sophisticated investor’ qualification

The use of various entities to jointly qualify for the “sophisticated investor” status will need to navigate various legal hurdles, especially around control for structures such as SMSFs and trusts, according to a law firm.

Read more...

Bull vs Bear

An explanation of the difference between a Bull and Bear run.

Read more...

6-member SMSFs proving popular for older trustees

The uptake of six-member SMSFs is primarily being driven by trustees over the age of 80 who want their adult children to take over the management of the fund.

Read more...

One of the most read articles in 2021

10 little-known pension traps proving the value of advice.

Read more...

Financial burden of COVID sees rise in illegal loans to members

With COVID continuing to place financial stress on businesses and individuals, there has been an uptick in SMSF members illegally accessing money from their funds, an SMSF auditor warns.

Read more...

ATO holds off on TBAR compliance

  The ATO will not take compliance action against funds that have not reported a TBA event after the commencement of a new pension in the interim.  

Read more...

Our 2021 Advent Calendar.

Come back each day and click on the next date for another inspirational quote or poem from some of the greatest writers and poets.

Read more...

Why more Millennials are turning to SMSFs

The growth trajectory of more Millennial SMSFs is set to continue in the years to come, according to the chief executive of Smarter SMSF.

Read more...

Rising life expectancies and retirement

Average life expectancies in Australia are now at a record high, and while that's a positive, longevity can also come with potential financial risks such as outliving your retirement savings. So what can you do to ensure you have the best chance of experiencing a financially secure retirement?

Read more...

Inflation expectations hit 7-year high

  Australians are anticipating higher inflation in the coming years, particularly those in regional areas.  

Read more...

December – State and Federal COVID-19 support update

  The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.  

Read more...

A savings strategy for children’s education

Having a strategy in place to pay for your childrens school education is essential. Here are a few ways you can approach paying for tuition that will help you stay ahead of the school fees curve

Read more...

The real impact of investment choices

Alongside uncontrollable factors like market returns, the cumulative impact of all the investment choices you make along the way is what ultimately determines your investment outcome. That's why making good decisions about investment contributions and fees is of the utmost importance.

Read more...

World data showing how we’ve improved.

This website is a huge resource and it contains information on just about everything to do with being a human.   Click here or on the image to read more about your world! World in Data is research and data to help us all understand how our world operates and to help us all make progress against its...

Read more...

Company directors must register – all you need to know

A director identification number (director ID) is a unique identifier you will keep forever. It will help to prevent the use of false or fraudulent director identities. About director ID Registrations begin form November 2021 and all company directors must be registered by the 30th November 2022. A director identification number (director ID) is a...

Read more...

Asian Economies (1960 – 2020)

While there is a very rapid escalation with watching and monitoring the economies of Asia, especially China, it is always interesting to look back over time, in this case 60 years, to see how they have evolved. Doing so adds great perspective.

Read more...

RBA waves white flag

This is pretty technical but might require us all to look at a future with rising interest rates, and it could happen sooner than expected. The RBA met on Tuesday this week and decided to:  Maintain the cash rate target at 10 basis points or 0.1% Continue the purchase of $4 billion of Government securities per week until...

Read more...

SMSFs flagged on updates to contribution measures in upcoming super bill

The new recently introduced bill on enhancing superannuation outcomes has provided a further update on how the government will implement its new contribution rules along with its potential effect on contribution strategies for SMSFs.

Read more...

The dos and dont’s of revenge spending

After months in lockdowns and living under tight restrictions, many Australians have gone on a "revenge spending" spree. But before you go out and buy buy buy, do a financial stocktake to see if those purchases are viable and that your emotions aren't ruling your reality.

Read more...

Planning your financial legacy

Beyond accumulating wealth over time, planning your financial legacy is one of the most important aspects of estate planning. With the greatest family wealth transfer set to occur in the next 20 to 30 years, here are a few things investors should consider when planning.

Read more...

Three behavioural factors that can affect retirement spending

Retirees work hard to build up their nest egg but many are hesitant to spend it when the time comes. Here are three behavioural factors that affect retirement spending and how you can overcome them to ensure you make the most of your later years.

Read more...

New FAR regime and CSLR changes before Parliament

The Morrison government has introduced legislation into Parliament to establish the Financial Accountability Regime (FAR) and the Compensation Scheme of Last Resort (CSLR). 

Read more...

World’s most productive countries

The following animated chart covers the period from 1950 to 2017.  It is fascinating to see how the world changes over time.

Read more...

World vaccination rates – updated 4-10-21

With all the news and focus now on getting to high vaccination rates before Australia can re-start its economy, how are other countries doing? Vaccinations by Country A PDF covering all countries and the differences are marked. Click here to download PDF Vaccination rates by country income level Share of total population receiving at least...

Read more...

Select a different month

News Archive

Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

Financial Services Guide - Disclaimer & Privacy Policy

^