Wealth Insights

07 Feb Retirement trap hurting saving Aussies

Posted at 09:00h in Financial Planning, Retirement by admin 0 Comments

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Be aware:  Australians are being warned that they will need half a million dollars to escape the “retirement trap” of a reduced pension due to assets meeting certain thresholds.

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06 Feb How your bank calculates a business risk

Posted at 09:19h in Loans and Finance by admin 0 Comments

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Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you.  Let’s break it down. What the bank considers For the bank, financial risk comes...

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05 Feb Heads up: New bill will restrict how much you can spend in cash

Posted at 10:30h in Financial Planning by admin 0 Comments

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The controversial cash-ban bill revealed in the 2018-19 Budget has concerned Australians who feel the move is being brought in to force them to use a flawed banking system. The bill, officially known as The Currency (Restrictions on the Use of Cash) Bill 2019 and first...

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04 Feb The insidious effects of financial abuse

Posted at 10:04h in Education, General Insights by admin 0 Comments

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Financial abuse is an insidious form of abuse that can be just as damaging as physical or sexual violence. It can involve restrictions being placed on a person’s ability to access their finances, but also to work or study in order to achieve financial independence....

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03 Feb The parent trap: should you loan to your kids to help them buy?

Posted at 09:09h in Financial Planning, Loans and Finance by admin 0 Comments

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The average age of first home buyers keeps increasing, with more young people turning to their parents for financial help. But is lending your children money from the “bank of mum and dad” right for you? Owning property has always been the great Australian dream....

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02 Feb New Year’s resolutions that will boost your finances in 2020

Posted at 10:49h in Financial Planning, Lifestyle by admin 0 Comments

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After an expensive holiday period, getting your finances in order for the new year always seems like a good idea. But it’s easier said than done. With that in mind, we’ve rounded up some handy money saving tips to help make 2020 your best year yet. Set...

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01 Feb Aussies begin New Year bogged down in debt from Christmas spending

Posted at 10:45h in Financial Planning, Lifestyle by admin 0 Comments

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Christmas may be behind us for another year but according to a new study debt from the piles of presents and the delicious festive feast is still hanging over the heads of many Aussies. According comparison site Finder a whopping 37 per cent of people in...

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30 Jan Five Reasons why you need a Mortgage Broker

Posted at 09:06h in Loans and Finance by admin 0 Comments

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For most people, buying a home or an investment property are the biggest financial investments of their lives. A mortgage broker can help streamline the costly and confusing process, while saving you valuable time and money. Here’s how: Simplifying the home loan process  While this is an...

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29 Jan ATO outlines tax relief for bushfire victims

Posted at 09:00h in General Insights by admin 0 Comments

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The ATO has outlined the ways in which those impacted by Australia’s bushfire crisis will be given relief from any outstanding tax obligations.

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27 Jan Catch-up concessional contributions – strategies and practicalities

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

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It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).

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