There’s good news for first home buyers. The First Home Super Saver (FHSS) scheme which allows you to save for your deposit in your super account, is increasing its maximum release to $50,000. How it works is a little complicated, but we’re here to guide you through the steps. Here’s what you need to know….
In this pre-election campaign budget, a number of measures have been announced to assist in reducing the pressure caused by increased costs of living and the problem of housing affordability. Please see below for a summary of this year’s Federal Budget, noting that the changes are proposals only at this stage and have not yet…
Australians are leaving capital cities in droves in a phenomenon being referred to as ‘The Great Relocation’. However, there’s a lot to consider beyond the obvious appeal of waking up to the laughter of kookaburras or enjoying a long walk on the beach. The terms ‘sea change’ or ‘tree change’ have been around for a…
The Federal Government initially reduced the minimum drawdown rates in March 2020 in response to COVID-19’s impact on investment markets for the 2019/2020 and 2020/2021 financial years. Subsequently, these reduced drawdown rates were extended again in May 2021 for the 2021/2022 financial year, and we can now happily report that they have been extended to…
Now that new legislation allows a maximum of six members in an SMSF, some fund trustees may be wondering if this could be an easy way to ensure a smooth transfer of their super to the next generation. The simple answer is yes, but before you start adding your children and their spouses to your fund, it’s…
With all eyes on the federal Budget and balancing the nation’s books, it’s a good time to review your personal balance sheet. If it’s not as healthy as you would like, perhaps it’s time to do a little budget repair of your own. Just as governments need to set policy objectives and budget for future…
As the nation drifts back to work after the summer break, it’s often a time to start putting your New Year’s resolutions into practice. For some, an extended holiday may have convinced you that you are ready for more of the good life and that it’s time to retire. In the past, that would have…