What’s the most important insurance to have, according to Australians? If you answered car insurance and home and contents insurance – you’re correct. They’re the only two types of insurance that are considered “essential services” by Australian policyholders, according to the results of a new survey from KPMG. The report, A...
Cash flow has never been so important, according to a chartered accountant. Palfreyman Chartered Accountants’ principal, Simone Palfreyman, has highlighted that with restrictions of COVID-19 likely to continue for many months, individuals and businesses alike should be focusing on the creation of cash flow forecasts. Ms Palfreyman...
The ATO has expressed concern that some trustees with diminished pension account values may be putting themselves at risk of exceeding their transfer balance cap by commuting their pension and then topping it back up.
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Australians are becoming increasingly gloomy about their retirement prospects, with many believing that the flow-on impact of COVID-19 will mean they will have to work longer, new research has found. Forty-five per cent of Australians are either scared or do not feel financially confident about retiring,...
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by financial institutions with a lower interest rate. The latest analysis by comparison site Mozo found that principal and interest loans are 68 basis points below those paying interest-only loans. With the Reserve Bank...
2020, a year that will be marked in history by a pandemic that had devastating effects on global health and economic activity to individuals and nations across the world.
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Did you know advised individuals are more likely to be successful when making an insurance claim? Here’s why. Andrew Zbik, a senior financial planner with Creation Wealth, has conceded that insurance “is a complex thing”. “Different insurance policies cover you for different events. The right combination of insurance...
Australians are ill-prepared for any major setback financially, with one in five Aussies needing credit to get through unforeseen financial expenses, new research has found. Research from comparison site Mozo has looked at how Australians fare financially when faced with unforeseen expenses or setbacks. Only one in...
The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 billion at the start of the scheme.
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Older Australians who are looking to have a fruitful retirement have been advised to carefully consider timing, with a bad year early on in retirement having the potential to wreak havoc on future returns. According to a webinar hosted by Montgomery Investments founder and chief investment...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.