Wealth Insights

10 Dec ATO flags key deadlines for early release of super

Posted at 00:00h in General Insights by admin 0 Comments

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With the end of the year drawing closer, the ATO has outlined some of the cut-off dates and deadlines applying for members wanting to apply for the early release of their super.

 

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09 Dec How a return to pre-COVID norms is a ‘wake-up call’ for investors

Posted at 09:44h in Covid-19 Help, Investment by admin 0 Comments

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News of a COVID-19 vaccine is a wake-up call for markets, with consumers tipped to return to their previous habits, an industry expert has stated. The Australian market has shifted from a ‘hope’ to a ‘growth’ phase with a positive outlook for 2021. The huge coordinated...

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07 Dec How are Australians planning on spending their tax savings?

Posted at 09:15h in Budgeting, Financial Planning, Lifestyle, Tax Planning by admin 0 Comments

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Essential bills, savings accounts, Christmas gifts and exchange-traded funds appear to be the big winners from the latest round of tax cuts, new research has revealed. During the 2020 budget, it was announced that up to 11 million Australians will benefit from tax cuts, with more than...

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05 Dec How to create a budget for the holiday season

Posted at 12:27h in Budgeting, Financial Planning, Lifestyle by admin 0 Comments

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The holiday season can certainly take a toll on your wallet. And it’s not entirely surprising; the season of giving is usually seen as the season of spending. The average Australian household is seen to set aside a $500 budget for gift-giving during the holiday...

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04 Dec Super, death, and taxes

Posted at 09:00h in General Insights, Superannuation & SMSF, Tax Planning by admin 0 Comments

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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.

 

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03 Dec ‘Most Australians are through the worst’ as mortgage repayments resume

Posted at 09:07h in Loans and Finance, Property by admin 0 Comments

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In a positive sign for the Australian economy, nearly 7 in 10 Australians who paused payments due to the COVID-19 pandemic have resumed repaying their mortgages, new figures have shown. The Australian Banking Association (ABA) said the fall in deferred loans are now less than 300,000, which...

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01 Dec The race to a Vaccine for Covid-19

Posted at 09:40h in Covid-19 Help, General Insights, Insurance, Lifestyle by zac 0 Comments

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The American pharmaceutical firm Pfizer, in collaboration with German firm BioNTech, surprised the world when it announced their coronavirus vaccine showed 90% efficacy in preventing COVID-19. Days later, another American firm, Moderna, announced their vaccine has nearly 95% efficacy. Shortly after this, AstraZeneca announced that...

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01 Dec House prices set for pre-COVID highs in early 2021

Posted at 09:24h in Investment, Property by admin 0 Comments

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National house prices are on track to be back to pre-COVID levels by early 2021, new research has revealed. Stats released by CoreLogic show house prices have grown 0.8 per cent in November following a 2.1 per cent reduction in prices nationally between April and...

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27 Nov Super funds have ‘a good chance’ of finishing the year in positive territory

Posted at 09:29h in General Insights, Retirement, Superannuation & SMSF by admin 0 Comments

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Australian superannuation funds have crawled back the losses experienced during the COVID market crash and now have “a good chance” of finishing the calendar year in positive territory, new research has revealed. Median growth fund is up 0.5 per cent for the month of October. Following growth in...

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27 Nov Most SMSFs are still poorly diversified

Posted at 09:00h in General Insights, Superannuation & SMSF by admin 0 Comments

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Data only just released by the Australian Tax Office, detailing the asset allocations for all SMSFs in the quarter to the end of June, shows there was still a large investment weighting at that time towards cash and term deposits.

 

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