Author: prudentia

Multiple super accounts in a 'gig' society

Just yesterday (23-7-17) a planner's client said 'By the way I located lost super and would like some financial advice please. There are still a couple more lost supers, not located, How should I proceed?  (NB: do not let things simply run because in a few years you'll forget and discovery will be very hard).

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Why Australian retirees aren't happy and what we can do about it

When it comes to retirement planning, we could be forgiven for giving ourselves a collective pat on the back here in Australia.

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Government ‘undermines’ tax system in new moves on property expenses

Newly-released draft legislation, which firms up the 2017 budget move to limit investors’ ability to claim travel expenses and depreciation deductions, will “upset the fundamental basis behind our tax system” according to an accounting body.

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Give your children a saving and investing edge – for life

Perhaps the best way to give your young children a lifetime saving and investing advantage is to ensure they are as financially literate as possible, as early as possible in their lives.

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‘Bank-like heists’ make way for new wave of cyber crime

Identity theft is an increasingly popular method of cyber crime as opposed to “bank-like heists” of the past, and SMSF trustees are a prime target, according to a university professor.

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Adequacy of savings still a concern among Australians

The latest research into superannuation showed a significant proportion of Australians were still concerned about having enough money saved to fund their retirement.

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Smart ways to stretch retirement money

Just think that in early June 2008, the Reserve Bank's cash rate stood at 7.25 per cent. Now fast forward nine years to early June 2017 and Australia's current cash rate is 1.5 per cent.

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Low economic growth likely for years

Despite the current resurgence in equity markets, global economic growth was likely to stay low for a number of years as cyclical and structural factors combined to ensure interest rates and inflation remained subdued for the foreseeable future, according to Standard Life Investments.

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Recorded Crime – Offenders, 2015-16

What exactly is the picture in Australia when it comes to crime?

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LISTO to help boost women’s super

New Government initiative to benefit women's superannuation.

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Do’s and don’ts of estate planning

Most financial planners are now fully aware of the importance of estate planning when it comes to developing a comprehensive financial plan for their clients.

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Beyond super: Our other personal investment market

Many investors may not realise that Australia's super and non-super personal investment markets are almost equal in value.

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ATO guidance provides clarity on death benefit confusion

ATO guidance released yesterday has provided peace of mind for SMSFs receiving death benefit pensions in excess of $1.6 million, with the guidelines applauded by those in the SMSF industry.

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There's no magic pudding when it comes to super

Superannuation is supposed to be all about providing income in retirement.

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Benefit payments rise dramatically ahead of July 1 super changes

SMSF trustees looking to take advantage of the current rules around non-concessional caps have .....

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ATO poised to ramp up focus on key compliance area

Warning about SMSF compliance and the ATO. 

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Australian population figures

The following information covers Australia's recent population trends and movements.

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Lessons learnt – often the hard way

Important:  A summary of what a number of experts with many years experience helping people manage their investments have to say about the lessons they've learnt.

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Women still in the dark about finances

The gender pay gap and divorce were some of the issues that were stopping women from understanding how to thrive financially, according to AFA Inspire national chair Dianne Charman. 

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Federal Budget – 2017-18 – Budget documents

For those who like to 'get under the bonnet'

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Federal Budget – 2017-18 – Overview

Comprehensive Budget overview : 27 sections covering every aspect of this year's Budget plus 6 Appendix of support information.

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The three core pillars of this year's budget

The following links give you access to the specific issues and topics addressed in the 2017-18 Budget.

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Australia in a nutshell

The following information is derived from ABS data.

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ATO finalises guidance on transfer balance cap

The ATO has released a final version of its law companion guideline on the transfer balance cap, which provides positive clarifications for the SMSF sector.

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Fit for purpose? The super story so far…

We’ve come a long way since the mandatory superannuation guarantee was introduced in the early 1990s. 

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Most Aussies shun super advice

Less than 30 per cent of Australians have sought advice on a financial matter, including superannuation, in the past two years, new research has revealed.

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Tax headache relief: Here’s more help with pension assets changes

Let’s take a look at a practical example of how the new capital gains tax relief will operate for pension assets.

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More withdrawals from 'the bank of mum and dad'

Think about what has happened in the six months since Treasury secretary John Fraser spoke of his concerns for retirement savings of parents who help their children into housing by making withdrawals from "the bank of mum and dad".

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ATO set to release guidance targeted for SMSF clients

In the coming weeks, the ATO will be distributing letters and guidance notes designed to help practitioners explain issues relating to the superannuation reforms to clients, says a technical expert.

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2011 Census – what was the make up of your area?

The following link is a handy ABS tool if you want to see the demographic make-up of the area you lived as recorded in the 2011 Census.  2016 Census information starts becoming available from June 2017.

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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.

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

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