As a financial adviser I meet a lot of people and each one has their own individual relationship with money. Some are confident. Some are cautious. Some want to know as much detail as possible. Others are comfortable just understanding the bigger picture and are happy having someone with the experience and expertise to look […]
Update: unrealised gains no longer to be taxed
You may have read my earlier post in June this year about the proposed Division 296 Tax for super balances over $3 million. At the time, the proposal included taxing not only actual earnings (like interest or dividends) but also unrealised gains — that is, taxing increases in investment value that hadn’t yet been […]
Thinking about financial advice?
Thinking about getting financial advice but haven’t taken the first step? If so, you’re not alone. According to an Australian Securities and Investment Commission (ASIC) report[i] on Australian attitudes to financial advice, 41 per cent of survey participants who’d intended to seek advice, still hadn’t gone ahead. If that sounds like you, there’s probably a […]
New Super Contribution Rules
Good news for older Australians wanting to save for your retirement. For those age 67-74, you no longer need to meet ‘the work test’ when making a personal super contributions. Prior to 1 July 2022, anyone aged 67-74 had to work ’40 hours in a 30 day period’ in order to put money into super. […]