What are managed funds? A managed fund is where you invest your money along with other investors. The pooled money is then professionally managed by a specialist investment manager. You buy into the fund by purchasing units. The value of the units is calculated each day and will change as the market value of the […]
Read MoreSuperannuation Government co-contribution
If you make a personal contribution to super the Australian Government may also contribute up to $500 into your super. This is known as a Government co-contribution. For the 2019/2020 financial year, if you meet all the requirements and make a personal contribution (using your after-tax money) into super, the Government will contribute up to […]
Read MoreAccount based pensions
When you retire, you are able to access your super either as a lump sum or as an income stream/pension. The Government wants to encourage Australians to take their super savings as an income stream, and thus reduce their reliance on the Centrelink Age Pension. To encourage this, they provide retirement income streams with tax […]
Read MoreInsurance Premium Affordability
The most common reason given for not taking out insurance is “I can’t afford it.” The question that must be asked is “Can you afford not to have insurance?” Your financial adviser can review your circumstances and will make recommendations that will meet your insurance objectives. If the cost of the insurance is a consideration […]
Read MoreContribution splitting
Super contribution splitting means that you can split some of your super contributions made in the previous financial year to your spouse’s super account. It is a way for your spouse to accumulate their own super, even if they have a low income or they aren’t working.
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