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A beginners’ guide: how to choose and tailor your super fund!

In this month’s edition of Ask an Adviser, we interview our Financial Adviser, David French to answer your top asked questions on how to choose and tailor your super fund for your best possible life in retirement.

For most people, superannuation (super) begins when you start work, and your employer pays money into a super account for you. The minimum employers are required to pay – the 'super guarantee' (SG) – currently sits at 10 per cent of your ordinary time earnings and will gradually rise over the years (i). Moreover, you... view article
July 21st 2021

New financial year, new super changes

As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings.

Some, like the rise in the Superannuation Guarantee (SG), will happen automatically so you won’t need to lift a finger. Others, like higher contribution caps, may require some planning to get the full benefit. Whether you are just starting your super journey or close to retirement, a member of a big super fund or your... view article
July 9th 2021

Temporary minimum pension drawdown relief to be extended

In response to record low-interest rates and volatile investment markets, the government has extended the temporary 50 per cent reduction in minimum pension drawdowns until 30 June 2022.

Essentially, this means you could stay on your reduced (50 per cent) pension drawdown amount for FY22 and further preserve your tax-free balance in the pension phase. This must be weighed up against your need for the actual pension income to meet your normal expenses. To learn more about the pros and cons of reducing... view article
July 2nd 2021

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