Uncategorised Archives - Page 2 of 3 - Heathmont Financial Services

Few will benefit from FBT exemption for EVs

Figures suggest the measure will reduce the cost for just a few thousand owners a year, says IPA.

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Only half of Aussies optimistic about their superannuation savings

Less than half of Australians believe their superannuation will alone be able to provide them with a comfortable retirement, according to a recent survey.

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Super, Death, and taxes

An interesting finding in the federal government’s Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired. Having enough superannuation to enjoy a financially comfortable lifestyle in retirement is the aspiration of most Australians. As the super system continues to mature, and with the...

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State and Federal Disaster support — July 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 further national hardships. Disaster resources updated 01-07-2022 We have added some new links under States and Territories that help further outline what each is offering. Let’s hope the floods...

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Cryptocurrency is to receive a lot more attention from the ATO.

The following looks at three issues. All were raised in May and the topics covered are: ATO zeroes in on crypto investments; What is needed to manager a crypto tax return; and Deductions for crypto donations run tax risks. How does the ATO treat cryptocurrency? In Australia, individuals transacting with cryptocurrency may incur tax liabilities...

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How Oil is used – Video: long but interesting

Once again Oil and its myriad by-products has been pushed to the forefront of news, global politics, and the cost of living so it seemed like a good time to remind ourselves of what Oil is all about. This video is quite long, there is a lot of detail in ‘Oil’ but it is interesting...

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State and Federal Disaster support — April 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 further national hardships. Disaster resources updated 01-04-2022 We have added some new links under States and Territories that help further outline what each is offering. Let’s hope the floods in...

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Market Volatility and Staying the Course

After several weeks of diplomatic tensions, over the last few days the word has watched in shock as Russia invades Ukraine. Geopolitical risks are difficult to predict and even more difficult to manage for within a portfolio context. In recent years we have seen growing tensions between China and the US, North Korea agitate, and...

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How does investing work? – Property / Shares

There’s no quick answer to the question of where to invest your hard-earned money. However, there are some basic facts and rules that can help guide your decision. Property We all love property. We all want to buy property. Whether we can afford to buy it is another question, but we all talk about house...

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Do you know what’s on your Personal Property Securities Register?

The PPSR is a Government register that a lot of people don’t know about but it can impact their borrowing. About the PPSR The Personal Property Securities Register, most commonly known as the PPSR, is an official government register. It is a public noticeboard of security interests in personal property that is managed by the...

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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...

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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...

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Current Sydney outbreak and what it means for portfolios

With the Covid-19 situation in Sydney continuing, there are concerns not only in regards to the impact on all our daily activities, but also the flow on effects to the economy and the Australian share market (and our portfolios). As the situation evolves, it is a reasonable expectation that we may see higher levels of...

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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. Educational videos on financial planning topics. Every 12 weeks the current range of 6 videos is changed for another 6. All are relevant and interesting. Ensure you and your family are able to learn about many topics related to financial...

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‘Mammoth consequences’: ATO’s NALI ruling draws ire from professionals

The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation sector, according to industry experts. First issued as a draft in September 2019, the finalised Law Companion Ruling 2021/2 issued on Wednesday, which clarifies the ATO’s interpretation of amendments to NALI rules relating to non-arm’s length expenditure...

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Lockdowns and mental health

Victoria enters sixth lockdown as state’s cases grow; NSW records 262 new local COVID-19 cases, five deaths. Lockdowns to end once 80 per cent of the population is vaccinated against COVID-19 yet today some 60% of Australians are in lockdown. Depression and anxiety were already part of life for some but COVID-19, and the resultant...

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Business Structures

Get help choosing a business structure that can give you tax benefits and protect you financially. You can change the structure as your business changes. When you first start a business, you’ll need to decide on its structure. Your business structure identifies how you operate as a trading business. It’ll affect things like: who can...

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World’s largest armies 1816 – 2020

Every month we add a slice of interesting trivia for you and August is no exception. All we’ve added is great for trivia competitions, especially if you get to draft the questions. Please click on the image to view more.

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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...

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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...

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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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Afterpay – buy now, pain later?

Afterpay has been a sharemarket darling, with its share price rising almost tenfold over the past two years alone. The price has fallen a little since starting this article, but market consensus remains optimistic. To Simon Mawhinney however, from Allan Gray Australian Equity fund manager, the risks seem heavily skewed to the downside. We explore...

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Emotions cost investors dear, research finds

Knee-jerk reactions and short-term thinking lead to significant losses according to research by Oxford Risk (as reported in the Financial Times – Madison Darbyshire, October 24, 2020). Investors lose an average of 3 per cent a year in returns to emotionally-driven investment decisions, a gap that widens significantly in times of steep volatility such as...

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Ignore the crowd and focus on your game plan

US elections, daily pandemic updates, and political scandals dominate the news headlines. In this world of hyper-connectivity and a constant flow of information, investors must be focused on their game plan and learn to tune out the noise of the crowd. As we witnessed during October’s grand final, discipline is the key to success. Markets...

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#GettingThroughThisTogether

We have all been affected by the impacts of the COVID-19 pandemic in different ways and to varying degrees. The longevity of COVID-19, the fatigue that many are experiencing, and the impact of uncertainty on our mental health and wellbeing is a reality for all Australians – and our mental health is just as important as...

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20 poorest countries – 1960’s to now.

Like all the animated charts added over the past two years, this information gives perspective and grounding for a better understanding of how the world changes. Australia's per capita income in 2018 was US$50,500. Double click on the image to make it bigger.

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Shares vs property

There’s no quick answer to the question of where to invest your hard-earned money. However, there are some basic facts and rules that can help guide your decision. Is property best? We all love property. We all want to buy property. Whether we can afford to buy it is another question, but we all talk...

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COVID-19 resources – Jobkeeper, Victoria Stage 4 Update

Several new links have been added to the many already in this article, links that date back to the beginning of the COVID-19 pandemic. If you have any questions, or require further assistance, please send us an email or phone. Please click on the following links to access a wide range of Covid-19 related guidelines...

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Updates to Prudentia Financial Planning: July 2020

New Business Process I have had to revisit my business processes due to the significant increase in my workload due to the COVID induced market volatility, increased client enquiries and increased compliance requirements in running an Australian Financial Services License (AFSL). This is in addition to my usual responsibilities including portfolio management and annual reviews...

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Record-breaking crash, rapid rebound …

Is this a recovery or “dead cat bounce”? Covid-19 sparked the fastest stock market crash on record, when the Dow Jones Industrial Average index of US stocks (‘the Dow’) fell by over 30% in only 25 trading days from 6 February. Even in the Great Depression, it took almost twice as long to fall this...

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Category: Uncategorised

Few will benefit from FBT exemption for EVs