Maroba Caring Communities Transition to Care Guide

Maroba Caring Communities Transition to Care Guide
Are you or a loved one considering moving into an aged care facility? Maroba Caring Communities Transition to Care Guide is an essential read to help provide some clarity into the transition process into aged care. It will outline some of the decisions you may need to make, step you through the application process, and give you some tips to make the process easier. Click here to view the Transition to Care Guide.Read more ...

Super in your 20s. Boring? Doesn’t have to be!

Super in your 20s. Boring? Doesn’t have to be!
Superannuation is for the oldies, right? In some ways that’s true, but even in your twenties there are good reasons to take a bit more interest in your super. The average 25-year-old has around $10,000 in super, but the decisions you make now, even with relatively small sums of money, could earn you hundreds of thousands of extra dollars over your working life. Are you getting any? Earn more than $450 in any given month (excluding overtime, bonuses and some allowances)? Then every three months your employer should be paying 9.5% of that into your super fund. Usually you can choose yourRead more ...

Mad Hatters Heart Matters Event

Mad Hatters Heart Matters Event
We have many conversations with clients affected directly by Heart health, or through a close family member, either through heart attack, cardiac arrest or other arrhythmia issues in their lifetime. We meet many clients that feel lucky having survived a significant event with their heart or the heart of a family or friend that had a close call. We are in the business of helping people to insure against this risk with Critical Illness insurance and life insurance for this reason. It’s serious stuff. In May 2014 Tabitha Tworek from Insight Wealth Planning passed out at a business dinner unexpectedly. It wasn’tRead more ...

Property investors to lose out from proposed budget changes

Property investors to lose out from proposed budget changes
The 2017 Federal Budget, handed down by Treasurer Scott Morrison on Tuesday night, 9th May at 7:30pm AEST includes proposed changes which will affect residential property investors Australia-wide. The Australian Tax Office (ATO) allows owners of income producing property to claim depreciation deductions for the wear and tear that occurs to a building’s structure and the plant and equipment assets within. The proposed changes relate to the depreciation of plant and equipment assets and the eligibility to claim this deduction. Currently, investors are eligible to claim qualifying plant and equipment depreciation on assets found in an investment property they purchase, even ifRead more ...

What to watch from the Budget? - Adviser Update

What to watch from the Budget? - Adviser Update
What to watch from the Budget? There are lots of opinion pieces about the 2017 budget. We caught up to discuss the things our advisers noted in this year’s budget rollout. Was there anything that surprised you? There’s a sneaky change that has been announced for the Liquid Assets waiting period (LAWP) that affects new applicants for Centrelink benefits, typically Newstart and Disability Support Pension. They have stretched the LAWP from 13 weeks to 26 weeks. This is impactful for someone that may have become unemployed suddenly that has some money in the bank, from a redundancy or from some other savings, particularlyRead more ...

GPS Wealth Budget Update - The “Loaves & Fishes” 2017 Federal Budget

GPS Wealth Budget Update - The “Loaves & Fishes” 2017 Federal Budget
Prepared by Grahame Evans – GPS Managing Director When I sat down to listen to Scott Morrison last night, I had very little expectation of any worthwhile initiatives, considering the disappointments of the last few budgets. However, I must say I was pleasantly surprised. In a political and economic world of uncertainty, the Treasurer provided some visibility or glimpse that the real issues were in scope with the Government. Our views, in summary, is that this budget provides economic hope, a recognition of areas needing addressing, some incentives for first home buyers and heading in the right direction back to a balanced budget byRead more ...

5 Strategic Steps to Building Your Real Estate Portfolio

5 Strategic Steps to Building Your Real Estate Portfolio
Everybody knows that investing in real estate can be very profitable. When it's done right. And there is a fundamental 5 Step Strategic Process for doing a right. And here it is: First, and before you even begin thinking about buying a property or investing in real estate (or any investment for that matter) we need to be able to get crystal clear on exactly where you are heading. You don’t want to go out and buy just any property and hope that it will do what you want. You must get strategic about it. In the words of Steven Covey we - ‘StartRead more ...

3 Fundamentals to Successful Real Estate Investing

3 Fundamentals to Successful Real Estate Investing
If you were to ask 100 successful real estate investors ‘How do you use real estate to make money?’ - you would most likely get 100 different answers, and in fact each of them would be correct. But the one thing that they would say in common is this - ‘You make your money when you buy the property, not when you sell it.’ And today I wanted to share with you, what I believe you need to know about buying a solid investment property. Here are 3 fundamentals to successful real estate investing that I live by: Buy in the rightRead more ...

Explaining the upcoming $1.6m transfer balance cap

Explaining the upcoming $1.6m transfer balance cap
Of all the major changes to superannuation coming this year, probably the most confusing is the new “transfer balance cap”. In this article we’ve answered the most common questions to help you understand how it will work and to plan ahead. What is the transfer balance cap? The transfer balance cap is a new limit on the total amount of superannuation savings that can be transferred from an accumulation account to a tax-free retirement account. It’s a lifetime cap that applies on a per person basis, regardless of the number of superannuation accounts you have. It comes into force on 1 JulyRead more ...

Offset account vs redraw facility – the tax difference

Offset account vs redraw facility – the tax difference
Most modern mortgages come with a redraw facility and a mortgage offset account. With a redraw facility you can make additional payments to reduce the outstanding balance of your mortgage, which in turn reduces the amount of interest you pay. However, those additional repayments are not locked away – you can redraw on them at some point in the future. This increases the loan balance, so you’ll pay more interest. An offset account works more like your day-to-day bank account. However the balance of the offset account is subtracted from the outstanding balance of your mortgage, and you only pay interest onRead more ...