Author: prudentia

Statistical picture of Australia – Update

The data contained on this website can help with many day to day decisions.

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A resource hub for our clients.

We provide 24/7 access to many extra tools and resources to help you build on what we offer concerning your tax and other financial affairs. *

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New laws mean 65-year-olds should hold off on large contributions

Following confirmation from the government that legislation to extend the work test exemption to age 67 will be passed by the end of the financial year, SMSF professionals should hold off on large contributions for 65-year-old clients to extend their ability to contribute to super for longer.

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Understanding the dangers with downsizing and super

There are often upsides and downsides in any piece of legislation, especially when it comes to superannuation.

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Investing with small amounts

A question that comes up for many people saving for retirement is how best to invest when they only have small amounts of money available at a time.

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Expected GDP by country 2010 to 2100

This animated chart is simply amazing but some world events could have a negative impact.  Even so, it's fascinating to see how the world might change into the future.

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Non-concessional contributions breaches on ATO radar

Deliberate efforts to game non-concessional contributions (NCC) cap breaches to reduce tax are known to the ATO, which will consider them as tax evasion.

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What 2020 holds for low cost funds

As it goes, 2020 is unlikely to bring a period of prolonged stability that investors are hoping for.

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Retirement trap hurting saving Aussies

Be aware:  Australians are being warned that they will need half a million dollars to escape the “retirement trap” of a reduced pension due to assets meeting certain thresholds.

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Total return investing

It wasn't long ago that the common view was to save and invest through your working life and then retire to a portfolio that delivered at least a 5 per cent income yield every year.

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Real Time World Population Growth – Wow!!

Watch as the world population changes every second of the day or see where everyone is.

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A challenge for China and investors

Since the news of the coronavirus broke, the human impact globally has been significant and continues to rise.

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Property deduction errors down to ‘lack of understanding’: ATO

A fundamental knowledge gap is continuing to trip property investors up, leading to simple mistakes and heaping pressure on tax agents, the ATO has revealed

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Start 2020 with a best snapshot of Australia.

It might be dry old data but it's how you're county's going and it's used to make decisions that affect you every day.  

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Advice for my twenty-something self

When I was in my 20s, I flirted with dreams of becoming a race car driver or a foreign correspondent.

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Beware: Penalties and pitfalls of the early release of super.

The Australian Taxation Office (ATO) has issued a renewed warning to Australians about the potential ramifications of illegal early release of super.

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New Financial Services License

It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).

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Set your Goals for 2020

It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).

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Retire on your own terms and not the market’s

One of the biggest retirement challenges is ensuring that the savings accumulated during your working years lasts as long as you do.

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A 20-year investment growth story

At the end of 2018, after a dismal fourth quarter – in fact, the worst quarterly performance in seven years – the Australian share market closed at a two-year low.

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‘Visible, valued and owned’: ATO outlines super priorities for new year

The ATO has renewed its commitment to making sure super is “visible, valued and owned” in 2020, naming consolidation of member accounts and reducing the incidence of SG non-payment as some of its key priorities for the coming year.

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Australia – latest facts and figures

The data contained on this website can help with many day to day decisions.

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2020 audits to focus on investment strategy

SMSF auditors are expected to focus more clearly on specific details and evidence around a fund’s investment strategy in the coming year as the industry continues to feel the ripple effects from the ATO’s diversification letter campaign of 2019.

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Nearing retirement? 7 steps to take before you leave work

You're so close. You were diligent in making additional contributions to your super when it made sense and have saved enough in your fund of choice.

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Catch-up concessional contributions – strategies and practicalities

It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).

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ATO outlines tax relief for bushfire victims

The ATO has outlined the ways in which those impacted by Australia’s bushfire crisis will be given relief from any outstanding tax obligations.

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ATO provides further trustee instructions on myGovID

The ATO has provided further instructions for SMSF trustees and directors around how they can prepare their funds for the advent of the myGovID system early next year.

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New opportunities for employees to claim additional superannuation

Under the current rules, the maximum amount of “concessional” superannuation contributions that can be claimed is $25,000.00 per person per annum.

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Eggs, baskets and diversified SMSF investment strategies

The ATO wants to ensure that, when an SMSF has a significant majority of its investments in a single asset class, the trustees have considered, as part of the investment strategy, the risks which could arise from that limited diversification.

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Retirement planning in 15 minutes a day

There are few things in today's world as certain as this. Ask anyone how they are and the answer you're likely to get is "I'm good. Busy. How are you?"

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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.

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