Month: September 2016

Strategic Financial Advice

Market Update – August 2016

The Reserve Bank of Australia (RBA) left the official cash rate on hold at its record low level of 1.5% when it met on September 6. The Q2 Capex survey released in early September was weaker than expected, -5.4% per quarter compared to the -4% per quarter anticipated.

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Lending & Finance

How to control debt so it doesn’t control you

The money people owe, in comparison to the money they earn has almost tripled in Australia over the last two decades, with average household debt currently sitting at around $245,000[1].

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Strategic Financial Advice

Boost Your Super in 3 easy steps

Want to see your super grow faster? Here’s how you can — by choosing what happens to compulsory contributions from your employer. Make the super payments from your employer go further by choosing an investment strategy that suits your stage of life and retirement goals.

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Strategic Financial Advice

Government pulls back on proposed changes to super

The government has announced changes to three key 2016 Federal Budget proposals—the most significant being that it would not go forward with its proposal to introduce a $500,000 lifetime cap on non-concessional (after-tax) super contributions.

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Strategic Financial Advice

Investing for retirement pays off

More than half of Australians with investment properties or shares are proactively preparing for retirement, according to MLC’s Australia today report[1].

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Strategic Financial Advice

The impact of the death of a parent on children

Findings from a recent study [1] explored the impact the death of a parent has on children and the surviving parent, comparing the results between insured and uninsured households.

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Strategic Financial Advice

Estate Planning: Making sure your money goes where you want it to

Estate planning is not just about making a will. It’s about deciding how you want to be looked after (both medically and financially) if you can’t make your own decisions later in life. It’s also about documenting how you want your assets to be distributed after you die

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Strategic Financial Advice

Make my retirement funds last the distance

Retirement should be a time when we reap the rewards of our working life, and being able to enjoy your preferred lifestyle calls for some planning.

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SMSF

What postcode loses the most super?

There is over $11.7 billion in lost super sitting with the Australian Tax Office (ATO) and Mackay in QLD is responsible for $49,256,340.55 of it.

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SMSF

Thinking about SMSF?

Self-managed super fund (SMSF) has the words "self managed" in it but you don’t have to do it all yourself and if you are busy it is usually counter productive and just plain bad strategy to do it alone. A recent Investment Trends report suggests around 40 per cent of SMSF owners seek advice from a financial adviser and close to 100 per cent use an accountant or specialist administrator to assist with the compliance obligations such as tax returns, minutes, member statements, managing contributions and pensions.

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Property

The tax implications of subdividing your backyard

Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision.

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SMSF

Growing Businesses – increase your super and save tax

Retirement and superannuation are always a topic of conversation for our small business clients. Paris Financial are pro-active in our approach with our small business owners and through discussion and planning we can advise our clients on how they can utilise the small business “retirement exemption” to make up to $500,000 in additional superannuation contributions and also save on tax.

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