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The super and the tax system is an ever-changing landscape and this year is no different. The article below summarises several changes taking effect in the new financial year.
How much money do you need to retire? It’s a question most Australians ask themselves at some stage. You may have heard you need $1 million – a figure that’s often mentioned. The truth is there’s no one-size-fits-all amount. A comfortable retirement will look different for everyone. The amount of money you will need when you retire depends on many factors..
Australian house prices have declined for the second month in a row in June - and the pace of losses is accelerating sharply. According to CoreLogic's market-leading index, house prices across the five largest cities fell by more than 0.8% (on average) in June following on from a 0.4% loss in May.
For all Age Pensioners and Commonwealth Seniors Health Care Card holders (and other Concession beneficiaries) in SA, now is the time to apply for your Cost of Living Concession if you haven’t already… This year’s Cost of Living Concession is a one off payment of at least $224.60 and Age Pensioners can get up to $449. The application process is pretty simple by entering some basic details online (or via the paper form) but you do need to apply before December 31, 2022 to receive the payment.
Superannuation Guarantee is the percentage set by the Government that employers are mandated to contribute to their employees’ super funds. Superannuation Guarantee is referred to as SG and is considered a Concessional Contribution which currently has an annual cap of $27,500. If your SG is part of your total remuneration package your employer can reduce your take home pay by the 0.5% SG increase.

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Latest insights

As you approach retirement, it's natural to feel a mix of excitement and apprehension. After all, this is a significant life transition that requires careful planning and consideration. Here are some key points to keep in mind as you prepare for this new chapter, and why working with a financial planner can make all the difference.
In 2023 after 8 years in the industry I embarked on the journey to become a registered Financial Adviser. Completing my professional year in early 2024 was a significant milestone, since then I've had the privilege of directly helping people from all walks of life in navigate the complexities of personal finance. The journey so far has been rewarding but not entirely what I expected it might be.