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Debt Recycling. How does it work, and can it help you get ahead?

Debt recycling is a strategy that aims to help you pay off your non-deductable debt (e.g., your existing home loan) as quickly as possible, while also building up your wealth in a tax-effective way over the longer term. But how does this strategy work, and can it help you get ahead?

For more information on good debt, bad debt, debt recycling and what does it all mean, click here.   How does the Strategy work? Traditional debt management and wealth creation strategies focus on paying off the home loan as quickly as possible by increasing the frequency and amount of the repayments. Once the home is repaid the... view article
June 18th 2021

Divorce and superannuation – how is it split?

What will happen to your superannuation following separation? How is superannuation division decided? How can you arrange to split super with your ex-partner? Find out more in this article.

  Divorce or separation is rarely easy. On top of emotional hardship, organising the logistics of financial separation can be confusing. It’s important during times like this to remember to be kind to yourself and seek help when you need it. In Australia, as many as 49,000 divorces are granted each year, and the median duration... view article
June 16th 2021

How much superannuation do you need for a comfortable retirement?

It's a question that will run through all of our minds. How much superannuation do we need for a comfortable retirement? In this article we look at two types of retirement lifestyle: modest and comfortable, and how much singles and couples need.

  How much do you need to live a comfortable retirement? It's a question that, at one point or another, we're all going to run through our minds. And the thing is, everyone's definition of comfort is going to be different. Where an inner-city apartment coupled with international travel every year is one person's dream... view article
June 10th 2021

Small Business and Personal Tax Tips for 2020-21

It’s been a year of change like no other and that extends to tax and superannuation. As the end of the financial year approaches, now is a good time to check some new and not so new ways to reduce tax and boost your savings.

Below, Invest Blue's Scone Financial Adviser and former Tax Accountant, Michael Gillett shares a number of small business and personal tax tips to help you improve your overall financial situation in 2020-21. Michael has been in the financial services industry for over 25 years, working in various roles in Australia, the US and UK. For... view article
June 9th 2021

Major changes coming to Insurance Protection – Could it be time to Review Your Cover?

If you’ve owned an individual income protection or salary continuance policy in recent years, you may have seen your premiums increase as insurers struggled to cover their large losses on these products.

Given the ongoing competition and generous features in some products, the Australian Prudential Regulation Authority (APRA) has decided it’s time for some new rules to ensure income protection cover remains sustainable and affordable for customers. This will result in sweeping changes to these types of policies from 1 October 2021, so it’s essential to review... view article
June 4th 2021

Ask an Adviser – Navigating Love and Money

Money makes the world go around. But when it comes to relationships, it can sometimes stop them in their tracks. To help us navigate these sometimes challenging conversations, we are joined by Financial Adviser Gretel Chiswell.

Navigating love and money can be tricky, but it’s simpler when you learn to communicate about finances in an open and transparent manner. Sometimes easier said than done, we know, but with a few simple tools you could end up reaching your mutual goals sooner and finding more fulfilment in your relationship. To help us... view article
May 27th 2021

New chapter for Invest Blue in Scone

The Invest Blue office in Scone was only established late last year but the key people at the helm bring a wealth of knowledge to the business. Collectively, Financial Planners Michael Gillett and Ben Hodges have five decades of experience in financial and accounting services. These two new faces to Invest Blue have worked and lived in various corners of the globe, but Michael and Ben are now firmly focused on sharing their expertise with their hometown community.

For those unfamiliar with the region, Scone is a town in the Upper Hunter Shire of NSW. Considered the horse capital of Australia, it is home to numerous thoroughbred studs and broodmare farms of world repute as well as many other equine support industries. And with a population of less than 6,000, it’s no... view article
May 24th 2021

Living with adult children

The number of young adults living in the family home well into adulthood is growing. ABS data indicates, amongst adults under 35, nearly one third are still at home, and the trend is on the rise.

If managed well, multigenerational living can be beneficial to both your adult kids’ financial goals and your relationship with them, that said it’s not without its challenges.i  What’s behind the shift Today’s young Australians spend longer in higher education, stay single for longer or choose not to tie the knot at all and start families later... view article
May 21st 2021

Is salary sacrificing worth it?

The principle of ‘salary sacrificing’ may not sound very appealing but it can have some real financial benefits. So is it worth it? and how can you use it to get ahead?

What is salary sacrificing? A salary sacrifice arrangement is also commonly referred to as salary packaging or total remuneration packaging. In essence, a salary sacrifice arrangement is when you agree to receive less income before tax, in return for your employer providing you with benefits of similar value. You’re basically using your pre-tax salary to... view article
May 21st 2021