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”

How to Protect the Entire Family #2 Make the most of all your superannuation opportunities

by Financial Advisers Brett CribbRoss MunroSteve Nicholas and James Marshall

 

When financial planning is considered a whole family obligation that spans all generations and encompasses the needs of everyone: children, parents and grandparents, then the whole family can not only gain wealth, but protect it from unforeseen circumstances.

While estate planning matters are certainly important for the end of life, it is financial preparedness during life that helps the collective family wealth to survive should adversity affect any member of the family.

So far in this series we have considered how a family approach to insurance can protect the wealth of the whole group. In this article, we explore the role of superannuation in creating wealth across multiple generations. Continue reading “How to Protect the Entire Family #2 Make the most of all your superannuation opportunities”