A Salary Sacrifice Case Study – It’s not really a sacrifice
By Jarryd Thraves, Financial Advisor If you are earning more than you need to live comfortably, salary sacrificing may be an attractive option to reduce your tax, boost your superannuation and prepare for a more comfortable retirement later on. Salary sacrificing simply involves having part of your salary paid into your superannuation fund by your […]
Australian Expats Selling Real Estate in Australia – The Tax Trap
By David Baruffi, Financial Advisor There are two historic changes in Australian Tax Law that have wide reaching effects on Australian Expats (Australian Non-residents for tax Purposes) selling real estate in Australia. On the 8/5/2012 the Australian Government removed the 50% Capital Gains Discount that applied on the sale of residential property (and other CGT […]
Free Webinar: Learn how to budget for today and save for tomorrow – Available now!
Have you heard the fable of the Ant and the Grasshopper? The Grasshopper lives for the moment – is all about today, while the Ant is always busy working and squirreling food away for the future. Achieving the right balance between living for today and saving for tomorrow can be tricky. Please listen to our […]
8 common financial mistakes people make in their 30s
By Dee Chan, Financial Advisor Climbing the career ladder, perhaps buying a home and starting a family – the 30s are an exciting stage of life. However, the decisions made now can make a big difference to future financial well-being, and with so much going on it is understandable, even inevitable, that the best decisions […]
The long-awaited surplus and the promise of more tax cuts ahead of the election Key points The 2019-20 Budget “delivers” the long-awaited surplus and increased fiscal stimulus mainly via tax cuts/offsets. The main risk is that the revenue boost is not sustained & the budget continues to have relatively optimistic assumptions regarding wages growth. The […]
New rules for credit cards: what do they mean for you?
By Dee Chan, Financial Advisor The name John Biggins may not sound familiar, but the banking industry has much to thank him for. Mr Biggins, a Brooklyn banker, was the brains behind the very first credit card in 1946. Known as the Charg-It card, it led to Diners Club membership cards and store cards, revolutionising […]
5 common financial mistakes people make in their 40s
By Dee Chan, Financial Advisor The 40s are, for many people, a critical decade for building wealth. Income is usually on the rise, but so are expenses such as mortgages and school fees. Juggling priorities can be a real challenge, and mistakes made in this stage of life can have a large bearing on the […]
Key points Australian home prices are likely to fall another 5-10% this year driven by a further 15% or so fall in Sydney & Melbourne. Tight credit, rising supply and falling price expectations are the main negatives. Uncertainty around the impact of possible tax changes is likely also impacting investor demand. The housing downturn will […]
How much does it cost to raise a child in Australia?
By Dee Chan, Financial Advisor How much does it cost to raise a child? Obviously the answer is highly dependent on individual circumstances. However, as a guide, a 2013 national study found that a typical middle income family would spend about $812,000 on raising two children from birth to age 24. At that time child-raising costs […]
The Australian economy in 2019 – house prices, growth and interest rates
2019 is likely to be an interesting year for the Australian economy. Some of the big drags of recent years are receding but housing is turning down, uncertainty is high around the global outlook and it’s an election year, which will add to uncertainty. This note looks at the main issues around the housing downturn […]