Author: prudentia

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.   

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Retirees aren’t sitting on their super: ASFA

  Despite some reports, the vast majority of Australians exhaust their superannuation in retirement according to data that flies in the face of the Retirement Income Review (RIR).  

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Phishing scams that pretend to be very reputable companies – BEWARE!!

  Sophisticated fraudsters are targeting Australian investors with investment 'phishing' scams. Find out what to watch out for so you can avoid being caught up in one.  

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COVID crash: one year on

  It's now been one year since the COVID-19 outbreak sent global markets into freefall. How have investors fared since the 2020 crash and what are the lessons learned?  

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A broad range of Calculators – Tools

  These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *  

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Navigating the post-pandemic challenges and pathways of super for young women

  The knock-on effects the COVID-19 pandemic has had on the superannuation system present an ideal opportunity for young women to begin to better engage with the sector, according to ATO assistant commissioner Sonia Corsini.  

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The risks in hunting for higher returns

  How much investment risk are you willing to take? Find out why it's a question all investors should be considering right now.  

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ATO’s good-faith approach to crypto won’t last much longer

  The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last much longer, says a national tax and accounting network.  

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Frydenberg flags super freeze

  Treasurer Josh Frydenberg has weighed in on the superannuation debate in the clearest sign yet that the government may be considering a freeze to the legislated increase.  

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What exactly is inflation?

  Why is the RBA so keen to see it return? And more importantly, what does this all mean for investors?  

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ATO Small Business Newsroom

  Help to keep up with the ATO.  

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Why benchmarking will be good for super funds

  Your Future Your Super reforms have recently resulted in strong public debate. Here's why the proposed introduction of benchmarks for super funds may help further strengthen Australia's superannuation system.  

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Cost of retirement up in December quarter

  The cost of retirement for Australians has gone up, with the increases in health insurance and domestic holiday prices, according to the Association of Superannuation Funds of Australia’s (ASFA) latest figures.  

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Country GDP 1800 to 2040

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 BBQ 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 the...

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The Real Inflation

I have written a few times about the disconnect between the inflation measure (CPI) and the extent to which prices of services have risen significantly, and which doesn’t seem to push the overall CPI figure higher. In Australia, these services include education, rent, energy, child care and health/medical. It is not that different in the...

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Early access boosted interest in advice

  Public interest in financial advice rose significantly in 2020, with consumers focusing their online searches on super topics as the government launched its COVID-19 early access scheme, according to new data from fund manager Allan Gray.  

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Retirees proceeding with downsizing plans as confidence rises

  Downsizer contributions were the top query received by the BT technical services team in the December quarter, with many retirees looking to downsize for lifestyle and health reasons.  

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The perks of staying invested

  In times of severe market disruption 'doing nothing' often feels unacceptable. Surely such market movements means you have to respond.  

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Rollout of Director ID Numbers (DIN) is ahead of schedule

  Director identification numbers may be introduced sooner than expected for SMSFs with corporate trustees, with the government moving quickly with the rollout of systems and processes, according to a technical expert.  

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ASIC sounds warning around high-yield bond scams

  The corporate regulator has warned of a rise in scammers targeting Australian investors by pretending to be associated with well-known domestic and international financial service firms.  

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How to pass the diversification test

  Diversification, spreading your money across a range of different assets rather than putting it all into one place, is one of the core principles of investment risk management. That's because investment returns from different assets are never consistent.  

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Taking a deeper dive into indexation of the transfer balance cap

  With the recent indexation of the general transfer balance cap causing discussion around its complexities, technical experts take a deeper look into what will happen on 1 July.  

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The real value of advice

  The right words of advice - whether it be from friends or family, business mentor, sports coach - can have lasting impact on the way we lead our lives, manage our businesses. The same holds true for financial advice.  

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Superannuation ideas for 2021

With the new year almost here, a technical expert has highlighted some of the key superannuation strategies advisers should be considering for clients in different life stages. In an online article, SuperConcepts executive manager, SMSF technical and private wealth, Graeme Colley said in terms of the year ahead, there’s plenty of strategies to think about...

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‘Unfinished superannuation business’ to watch for in 2021

SMSF services firm Heffron has outlined some of the legislative bills and pieces of guidance the SMSF industry is still waiting on and some of the recent proposals floated by the government. 2020-21 federal budget proposals for superannuation As part of the 2020-21 federal budget, the government announced a raft of new measures for super funds aimed at addressing underperformance...

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Videos and other resources for our clients

Making our website into a valuable resource for our clients is very important to us.  There are more tools and resources available when compared to almost anywhere else and this month we highlight our educational videos.  We hope you enjoy these ‘extras’ and if you have any question then click on the Contact Us button and...

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Vaccination rates as they happen around the world

  A new resource is now available that shows the rates per country of COVID-19 vaccinations.  We all suffered in many ways as COVID number increased, now, as expected, let's watch them start to drop.  

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Returning expats reminded on tax snares with pensions, investments

  With thousands of Australian expats still hoping to return home following COVID-19, a mid-tier firm has highlighted some important tax implications and considerations, including the foreign pension transfers.  

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Approaching the dawn

  COVID-19 has completely, and mercilessly, dictated the direction of economies and financial markets through most of this year. So, as we rapidly approach the end of an extremely unpredictable and volatile year, what's in store for 2021?  

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Retirees need new super investment approach

  The needs of retiree clients may not be properly serviced by traditional portfolio investment approaches, an investment expert has warned.  

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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.

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