Author: prudentia

ATO extends Division 7A relief

  The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.  

Read more...

Five investing tips for beginners

  Here are five investing tips for those who are just beginning their investment journey.  

Read more...

Downsizer and bring forward combination creates new opportunities for super strategy

  With the recent bring-forward measures passed along with further extension proposed in the federal budget, its combination with potential downsizer rule changes creates a different perspective for the SMSF strategy when it comes to implementation.  

Read more...

Drawdown relief for all pensions

  The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.  

Read more...

Tax Time Checklists – Super Funds; Individuals; and Company, Trust, Partnership

  Working from home because of COVID-19 means most will have more deductions than in a normal year.  These checklists will help your tax agent ensure you don't miss any deductions.  Simply print, complete and return.  

Read more...

What’s your risk profile?

  Your attitude to risk is one of the most important factors to consider when it comes to investing.  

Read more...

Understanding your emotions can make you a better investor

Investing can be an emotional process, and even the most level-headed investor will sometimes find themselves being swept up by the inevitable ups and downs of markets. One of the best ways to make better decisions when it comes to growing your wealth over the long term is to understand the psychology behind investing. If...

Read more...

Important Changes to Temporary Disability Insurance Policies in Australia – Income Protection

What is Income Protection (IP) insurance? IP is an insurance policy that typically pays a monthly benefit of up to 75% of your regular pre-tax employment income/salary when you’re unable to work due to an illness or accident but you are not permanently disabled. This benefit can help you maintain your lifestyle, pay your bills...

Read more...

World GDP Ranking (1960~2025)

  How countries have evolved during this 65 year period is fascinating stuff to watch.  This chart is based on IMF Reports.  

Read more...

Guide to writing a business plan

  Whether starting a new business or re-planning an existing one, a business plan is always a good idea.  Getting professional help drafting you plan is another good idea because planning a business's future should be done in the best manner possible.  

Read more...

Largest cities in the world 1500 to 2100

The information in this chart is fascinating from both an historical perspective as well as what it predicts. It also guarantees you’ll be the breakfast table expert every time. Please click on the following image to view how the world has changed in the past 220 years and how it is expected to change in...

Read more...

End of year (EOY) financial strategies

  With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances.  

Read more...

Budget measures designed to give retirees control in increasingly ‘opaque’ super environment

  Senator Jane Hume has assured that the superannuation measures announced in the federal budget aren’t aimed to force retirees to draw down on savings but instead create greater control in an increasingly complex super environment.  

Read more...

ATO issues final warnings on outstanding SARs

  The ATO has issued its final alerts for SMSFs with outstanding SARs, warning that failure to lodge may lead to serious consequences.  

Read more...

Budget 2021: Retirement Outcomes

  The 2021-22 Federal Budget unveiled a range of initiatives aimed at providing additional flexibility across the retirement savings system.  

Read more...

New SMSF quarterly statistics highlight continued post-COVID recovery

  The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consistent growth seen across establishments and assets as the industry heads into a post-COVID economic recovery.  

Read more...

Videos to help understand financial planning topics.

  Often watching a short video is a quicker way to understand what can otherwise be quite confusing.  The following titles have just been added to our website and can be accessed at any time and by anyone.  

Read more...

Understanding home downsizing and super contributions

  The Federal Government announced in the May Budget that it is widening the scope of the scheme allowing eligible Australians to sell their home and put extra money into their superannuation. Here's what you need to know.  

Read more...

SMSFs still on top for member satisfaction

  SMSF members continue to report very high levels of satisfaction with the performance of their fund, according to rolling research.  

Read more...

Building a more secure and resilient Australia

  In this Budget, the Government is taking decisive action to build our economic resilience to deal with future shocks.  

Read more...

Federal Budget 2021 – Health

  While there are many aspects of our life covered in this year's Budget the following focuses on the issues related to Health.  

Read more...

Federal Budget 2021 – Overview

  The following links to the ABC where a brief overview of the Winners and Losers from this year's Federal Budget.  

Read more...

SMSFs flagged on Div 7A relief implications from ATO’s updated guidance

  While the ATO has provided its guidance on COVID-19 LRBA relief on Division 7A, advisers will need to be aware of the practical elements that will affect the SMSF’s position around the administrative relief.  

Read more...

SMSF Association clarifies NALI issues around pension phase assets

  The SMSF Association has confirmed the ATO position around non-arm’s length capital gains issues and its effect on segregated current pension assets.  

Read more...

Dealing with compliance complexities impacting overseas SMSF property

  Dealing with SMSF property overseas is a different undertaking compared to domestic property, with a different set of issues that affects the compliance approach, according to a technical specialist.  

Read more...

Why Australian households are getting richer

  Australian household wealth is rising, with the bulk tied up in residential real estate. On an asset allocation level, there may be room for households to revisit their asset holdings to see if they still align to their financial goals.  

Read more...

Asset allocations still hold the key

  Purchasing a home or investment property based on short-term market trends can dramatically alter asset allocations and have long lasting impacts on wealth. Here's why.

Read more...

5 strategies for successful ‘work from home’ policies

  As Australian businesses implement work from home arrangements as part of their business contingency plans, managers need to consider how to accommodate telecommuting arrangements without sacrificing productivity and team dynamics, says one recruitment firm.  

Read more...

Understanding the coming super balance cap changes

  The transfer balance cap is a limit on how much super can be transferred into pension accounts earning tax-free income. On 1 July, this cap will be increased. What might this mean for your retirement income stream?  

Read more...

A new crypto world is emerging – the non-fungible token

  What exactly are non-fungible tokens and why are they taking the internet by storm? Here’s a closer look at NFTs and how they work.   

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

^