Take CONTROL in 2019: Review your super strategy in light of the NEW concessional contributions catch-up provision

by Brett Cribb, Financial Adviser; Steve Nicholas, Financial Adviser; & James Marshall, Financial Adviser

2018/19 is the first financial year you may be able to boost your superannuation balance by carrying forward unused superannuation concessional contributions cap amounts. Part of the Government’s superannuation reforms, this ‘catch-up’ measure offers greater flexibility and it may help you to top up your super savings – significantly!

If you wish to take financial CONTROL in 2019, NOW is the time to review your super strategy in light of the new concessional contributions catch-up provision. Having financial strategies in place is essential for achieving your financial and lifestyle goals… and having the freedom to enjoy life.

Here we explain how the catch-up provision works and how to check your eligibility. Continue reading “Take CONTROL in 2019: Review your super strategy in light of the NEW concessional contributions catch-up provision”

Are you compromising your personal prosperity by not making regular superannuation contributions for yourself?

by Brett Cribb, Financial Adviser

It’s common for business owners to pay everyone else and reinvest profits back into their business before paying themselves a regular wage AND superannuation. It’s important to understand that short changing yourself can have significant consequences for your future prosperity as well as significant CGT implications should you decide to sell your business. Continue reading “Are you compromising your personal prosperity by not making regular superannuation contributions for yourself?”

7 steps to financial success

by Steve Nicholas, Financial Adviser

As you move through different phases of your life, it’s important to revisit your financial strategies including your insurances, super strategies, savings and cash flow, debt management and estate planning needs. Doing so could make an enormous difference to your long-term financial situation.

Our 7 steps to financial success  can help you stay on track and achieve your financial and lifestyle goals so you can focus on enjoying life. Continue reading “7 steps to financial success”

Act NOW to ensure your super strategy considers the new contribution caps

by Ross Munro, Financial Adviser

Introduced on 1 July 2017, the superannuation cap for concessional contributions is now just $25,000. Unlike the previous caps of $30,000 (for those under 50) and $35,000 (for those 50 and over), the new cap applies to everyone, regardless of your age.

If you have been making maximum concessional contributions or salary sacrificing in line with the old caps, you will need to make changes before 30 June to avoid paying additional tax on these contributions. There may still be time to do this, but only if you act NOW and you have not already exceeded the cap. Continue reading “Act NOW to ensure your super strategy considers the new contribution caps”