Typically speaking, financial advice related to superannuation is not an eligible tax deduction for your assessable income outside of your superannuation and cannot be stated on your tax return. However, financial advice fees outside of superannuation can be tax…
In May 2016, a measure known as the ‘carry forward’ rule was introduced by the Government, allowing individuals to carry forward their unused concessional contributions (‘CC’) cap from previous financial years to a later year as part of the…
Ian Littler, Stephen Baird As Financial Advisers, we appreciate the need to demystify the jargon when it comes to financial planning. To this end, today we’ll be looking at the differences between concessional and non-concessional contributions. Find out below…
Australian consumer confidence is back to its pre-COVID levels, but not back its overall high point, according to analysis from AMP Capital.Consumer confidence rose again during June by 6.3%, but remained negative with an index reading of 93.7, below…
Often, we speak with clients who assumed they have an adequate level of cover in their Super policy, only to be unpleasantly surprised. Today, Financial Adviser Michael Finn will be taking you through a couple of examples to demonstrate…
Superannuation advice is provided to clients by a Financial Adviser. A person or organisation providing financial advice in Australia must hold an Australian Financial Services Licence issued by the Australian Securities and Investments Commission (ASIC), or they must be…
EOFY Savings: Claim Tax on Super Contributions With tax time fast approaching, you’re likely to have seen plenty of ‘EOFY SALE!’ advertisements around, urging you to take advantage of the discounts and save big. Something that you probably haven’t…
As we approach the end of the financial year, amidst a very unusual 2020, now is the time to think about getting your affairs in order and considering how you can maximise your return and ensure you get all…
It’s every Australian’s dream to retire earlier but sometimes the ability to access our super doesn’t line up with our plans. Generally speaking, the current rules only allow you to access your super when you meet certain conditions, however,…
Savannagh Chase So, you’ve decided to see a financial adviser. Following new financial advice can be daunting, especially if you’ve never consulted a professional adviser before. Research has indicated that increased wealth translates to an increased likelihood of seeking…