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Time to strategise – are you ready for the end of the financial year?

May and June are always busy months of the year in the finance profession given how much is going on for both individuals and businesses around the country.   Every year the annual budget is held on the second Tuesday of May and the financial year ends 30 June.  Whether you have a financial adviser […]

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What is the real cost of a free seminar?

Increasingly, individuals are taking it upon themselves to find ways to grow their wealth, but often don’t know where to start. There is a wealth of information available out there, and filtering the good from the bad will be the difference between making money and losing money. For the novice investor, a ‘free wealth seminar’ […]

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Common mistakes people make when setting up their SMSF

| by James McFall, CFP®

When it comes to setting up a Self-managed super fund (SMSF), there are some common mistakes that a lot of people seem to make. These points are too often excluded from the conversation and should be clearly considered before setting up an SMSF in the first place. The following list covers some of the biggest […]

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Retirement planning part 2 – The ins and outs of Account-based pensions

If you’re planning to retire and bid farewell to a regular pay cheque from work, you will likely need something to replace that cash flow. One popular option is to use your super to start an account-based pension. Let’s take a closer look. What is an account-based pension? An account-based pension gives you the option to […]

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Retirement planning – the ins and outs of an annuity

An annuity is a little known income option for retirees that can provide some certainty in an uncertain world. Here’s how they work: What is an annuity? The concept of an annuity is fairly simple. You provide a lump sum of money and, in return, the annuity provider promises to pay you a series of payments […]

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The impact of lump sum payments on Centrelink and your pension

So, your Great-Aunt Thelma has passed away and with no kids of her own, she has kindly left you some funds in her Will. Or, maybe you want to withdraw $20,000 from your super so that you can finally update the kitchen at home. But do you need to advise Centrelink? And will it affect […]

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How to manage the financial fallout from a divorce or separation

| by Tim Mackay, CFP®

The reality is that a third of weddings will be followed down the line by a divorce. Knowing how to approach this traumatic situation can help make the process easier. So how do you manage the financial fallout of heartbreak?  It is a joy to share in the celebrations when two people publicly declare their […]

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Retirement – are the goal posts moving?

| by Chris Giaouris, CFP®

  I forever count my blessings in the role I do, as I can’t help but feel lucky getting exposure to so many different people in vastly different situations, on a daily basis. One of the most satisfying aspects of the financial planng profession is getting to know people who I otherwise would never have […]

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Using Limited Recourse Borrowing Arrangements (LRBA) to invest in property – can it work for me?

| by Tim Mackay, CFP®

If your advisor is talking to you about an LRBA, you may need to consider what’s best for you. While investing in property can be a good idea for some investors, the manner in which you do it is important. Tempted by the guru property expert offering to reveal the hidden secrets to owning failsafe […]

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Pension changes 2015 – What is changing from 1 January 2015?

The rules that deal with the treatment of incomes being paid from your super pension (i.e. account-based pension) are changing from 1 January, 2015. Currently for an account-based pension, Centrelink use the sum of your pension payments for the year and then subtract a deductible amount to work out how much income they count. It […]

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