An SMSF exit strategy

A recently updated report on ASIC’s MoneySmart website makes the point that would-be trustees of self-managed super funds should have an exit strategy in place even before the fund is setup. In other words, ASIC suggests that intending SMSF trustees face the reality that they may want to close their funds one day and should […]

Financial Snapshot – Federal Budget 2014/15

What does it mean for you? Here’s a round-up of what the 2014-15 Federal Budget could mean for your family finances. Some of the topics we cover in this snapshot include Superannuation, Taxation, Social Security, Older Australians – Self-funded and families. Client Budget Snapshot

How familiar are you with this graph?

The author of the following article talks about how the graph shown is a very good way to check your Super but laments that it isn’t often seen. However… …. the Financial Tools on this website will produce such graphs but ones based solely on YOUR financial position. Click on the following images to view a bigger version […]

Afternoon Thoughts (US, Asia and Europe)

It has been a good return to trade for Asia with markets riding positive sentiment from US earnings and economic data. While equities are enjoying some modest gains, major FX pairs have been mostly sidelined throughout Asian trade. An exception has been the AUD which is being bid higher heading into tomorrow’s CPI data. AUD/USD […]

Any changes to the Age Pension make saving through super crucial: ASAF

If changes are made to the Age Pension, such as increasing the eligibility age to 70 or changing the indexation method to a less generous approach, the role of superannuation would become even more crucial, ….. … according to the Association of Superannuation Funds of Australia (ASFA). Such changes would reinforce the need for Superannuation […]

Keeping super in the family

Perhaps money cannot buy happiness but it may be a way to get more people engaged with their super. The independent consulting firm Rice Warner has just released a discussion paper proposing that families be able to pool their superannuation into a joint account. There is much to recommend this idea. At the time of […]

New insights into women and super

An unfortunate reality is that women typically have substantially lower retirement savings than men. Among the reasons researchers give for this savings gender gap is that women, on average, earn less than men. This affects the size of their superannuation guarantee (SG) contributions and their ability to make voluntary contributions. Another factor is that many […]

Market Update – March 2014

10 key points from this very comprehensive and informative market report. Please access this document through the link below. The RBA kept the overnight cash rate steady at 2.50% during the March meeting. The rate was also left unchanged during the April sitting. Domestic yields increased slightly in March, with the Three Month Bank Bill […]

Philanthropy upswing

PAF establishment numbers reflect adviser engagement and philanthropy upswing Australian Philanthropic Services (APS) has experienced a significant increase in the number of individuals setting up private ancillary funds (PAFs), suggesting a growing number of financial planners who are having productive conversations with clients about structured philanthropy. Chief executive officer of APS, Antonia Ruffell, says the […]

Aged Care

Thinking about aged care should start now – for clients and financial planners Financial planning businesses that are not already thinking about how to provide aged-care services to clients should start now, before it’s too late, says Michael Monaghan, managing director of State Super Financial Services (SSFS). Monaghan says aged care is a growing and […]