Archive for the ‘General News’ Category

Building your ‘Family Future Fund’

By admin • March 11th, 2019

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 middleincome family would spend about $812,000 on raising two children from birth to age 24. At that time childraising costs were increasing at around 9% […]

Claiming deductions for vacant land

By admin • March 11th, 2019

If you’ve bought a block of land to build a rental property on, you may be entitled to claim a tax deduction. If you’re able to show that you’ve taken active and genuine steps to build a rental property and make it available for rent as soon as it’s completed, then you can claim a […]

What’s your magic number?

By admin • March 11th, 2019

According to a recent survey *, Australians tend to underestimate the amount of money needed in our retirement years by as much as 20%. Survey respondents, including active Australian investors, revealed a disconnect between income amounts believed to be needed in retirement, versus their real cost of living. Pre-retiree Australians foresee their base line living expenses […]

5 common financial mistakes people make in their 40s

By admin • February 25th, 2019

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 size of your future fortune. […]

Best practice online security

By admin • December 4th, 2018

WHAT YOU NEED TO KNOW In order to ensure best practice security standards to protect the online communications between the financial institution and you about your personal information between, both parties have important and significant roles to play at each step of the way when you use their online services. These steps and the respective […]

What will you do with your tax refund?

By admin • December 4th, 2018

Thousands of Australians receive tax refunds every year. Some refunds won’t even cover the cost of a pizza to celebrate, however many are quite substantial. If you’re one of the lucky ones, what will you do with your tax windfall? If you go out and spend it, all you’re doing is giving part of it […]

Is a DIY Will kit enough?

By admin • December 4th, 2018

More than 45% of Australians don’t have a valid Will. If you die without one, your hardearned wealth (your estate) will be distributed according to the rules of intestacy – a government-determined formula. That may not divide your estate as you would like, and if your family consists only of distant relatives your assets could […]

Downsize your home, upsize your super

By admin • December 4th, 2018

Over 65? Thinking of selling your home? From 1 July 2018 you may be able to contribute up to $300,000 ($600,000 for a couple) from the proceeds of the sale of your home to your superannuation fund. This incentive, known as the ‘downsizer contribution’, is part of a federal government program to improve housing affordability. […]

Transitioning into retirement

By admin • December 4th, 2018

If you’re nearing retirement age but don’t want to stop work entirely, another option might be to transition into retirement by accessing some of your accumulated superannuation. For those over 60, Transition to Retirement (TTR) pensions are tax-free and TTR strategies can provide a number of benefits. Let’s look at some options available to 62- […]

Securing your network

By admin • December 4th, 2018

FOR BUSINESS OWNERS Many small businesses don’t have dedicated technology staff to install, configure and update their networks and the job is often left to somebody who may not have had formal training. While networks make it easy to share information within the office and with others, an improperly configured network risks allowing outsiders to […]

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