We all know that our superannuation is there to provide for our financial needs in retirement. That means we can’t usually access our super until we reach preservation age and meet a condition of release.
We all know that our superannuation is there to provide for our financial needs in retirement. That means we can’t usually access our super until we reach preservation age and meet a condition of release.
The government regularly reminds us that each Australian must take responsibility for funding their future. Regardless of when you will be able to access your super, or when you choose to stop working, you need to be aware of how your superannuation is being managed and if the final balance will be sufficient when you’re ready to retire… and for the years beyond.
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?
Here’s a recipe for a basic financial plan
At its meeting today, the Reserve Bank of Australia have decided to leave the cash rate unchanged at 1.50%
At its meeting today, the Reserve Bank of Australia have decided to leave the cash rate unchanged at 1.50% in it's 24th consecutive month.
At its meeting today, the Reserve Bank of Australia have decided to leave the cash rate unchanged at 1.50%
Planning on retiring at age 65 and downsizing 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.
Picture this... when you were 21 years old your well-meaning but financially inept uncle put $1,000 into an ordinary bank account for you with instructions to leave it there and let the bank’s interest turn it into a fortune. You followed his directions only to discover 34 years later when you reached 55 the balance of your “fortune” was just $13,690! What went wrong? Well, to put it frankly, you didn’t give it any attention.
Most of us take for granted that we have to get our car serviced regularly. It’s not something we look forward to, but we know we have to do it - or it will let us down when we most need it.
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