Planning to retire

Before you retire If you’re planning to retire, you need to consider: your age including if you have reached your preservation age when you can access your super how much tax you will pay on amounts you receive if good leaver conditions apply if you are part of an Employee Share Scheme if the retirement capital … Read more

Who needs a testamentary trust?

The rising cost of living is grabbing all the attention right now as people struggle to pay the increasing prices. But in the meantime, our collective wealth has been growing steadily and is being transferred to the next generation at increasing rates. In fact, the value of inheritances as well as gifts to family and … Read more

Charting bear and bull markets

Bull market surges have been longer and stronger than the bear markets that preceded them. Bear markets occur when a share market falls by 20 per cent or more from its most recent trading high. Volatile economic and investment conditions caused the United States share market to fall into bear market territory in 2022. Fortunately, … Read more

Busted! Scam myths

We’re serving up the truth about some common scam myths that you might have heard, especially around tax time. Myth 1: Only older people get scammed Busted! Last year people aged 25 to 34 lost the most to tax scams, followed by those aged 18 to 24. Tax scams target everyone. If you get a … Read more

Making that holiday home a reality

Many of us have dreamed of owning a holiday home, creating an escape from the hustle and bustle of city life. Holiday homes are great for bringing family and friends together and making memories. Whether it’s a beach house or a place in the bush, it’s a place to unwind and relax. It can also … Read more

Understanding your retirement income

It is important to understand where this income will come from, how long it will last, and whether your retirement investments are on track, or whether some adjustments need to be made to get you there. Work out how long your super or account-based pension will last There are many variables that come into play … Read more

Understanding contribution caps

There are limits on how much you can pay into your super fund each financial year without having to pay extra tax. These limits are called ‘contribution caps’. How much you can contribute to your super fund and whether your fund is allowed to accept your contribution may also depend on your age and total superannuation balance. Contribution … Read more