A number of superannuation changes takes effect from 1 July 2019. What are they and how might this affect you? Read below to find out. Carry-forward concessional contributions The 2018-19 concessional contributions were capped at $25,000. If you didn’t use all $25,000, you are now able to ‘carry-forward’ the unused concessional contribution amount into your […]
Changes to insurance in super from 1 July 2019
You might have received a letter recently about changes to insurance in a super account you have forgotten entirely about. All super funds are required to send you a notice due to changes to insurance in super from 1 July 2019. Nearly all superannuation accounts have life insurance by default. Life insurance costs money […]
Royal Commission Key Recommendations & Our Thoughts
Commissioner Kenneth Hayne has released the final report to last year’s 68 days of hearing where the banking, superannuation and financial services sector came under the spotlight for misconduct. Hayne’s final report included 76 recommendations, most of which the Morrison government and Labor say they will support and implement. Here are some of the key […]
Super vs Mortgage
Many people wait until their home loan is paid off before investing more in super. However, if you are currently making more than the minimum home loan repayments, you may be better off making additional super contributions instead of additional loan repayments. Why super? There are two key reasons why topping up your super could […]
Darren on SkyNews ‘Your Money Your Call’
On Thursday 24th August, Darren joined Tony Davison and Rocco Musumeci for Your Money Your Call‘s Super Thursday where the panel answered questions from live audience call-ins on retirement, tax, stock market, superannuation and financial planning. Your Money Your Call is a weekly program on Foxtel’s SkyNews where the audience has a chance to ring or email in with their questions […]