If you’ve now found yourself with parents you need to help, you may be wondering how this will affect your own retirement plans. So, here’s a few things you can do to help both you and your parents improve your chances of retiring comfortably.
The current rate of compulsory Superannuation Guarantee (SG) is due to increase to 10% in July 2021. It has been frozen at 9.5% since July 2014 and there have been many arguments for and against increasing SG contributions from the current rate of 9.5% to 12%.
When a family experiences financial difficulty due to loss of income when an immediate family member becomes seriously injured or ill, it’s an extra stress at an already difficult, busy and emotional time. This is why appropriate insurance cover is a key consideration in any financial plan.
Self employed? What would you do if you became sick or injured and were unable to keep your business running?
Did you know that superannuation fund members under the age of 25 and members with balances below $6,000 risk losing their insurance cover unless they actively opt in to retain their cover?
Superannuation is a very tax-effective vehicle to save for retirement. We outline some tips to help you maximise your super.
Find out if you’re entitled to the following tax offsets (rebates) and deductions for the year ended 30 June 2019.
Read why this year’s Federal Budget is an ‘election budget’ with future tax cuts for all Australians, especially low and middle income earners. Overall, there were minimal changes to super proposed in the Budget, with minor changes to super contributions for older Australians.
Having been based in Brisbane his whole life, Bruno is welcoming a change and brings a solid reputation for putting clients first, going out of his way to understand their needs, having great industry knowledge and taking the time to make sure his advice makes sense.
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