Transition to Retirement Income streams were originally introduced in July 2005 to help Australians who wanted to transition to retirement via part-time work. By starting a TTR, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually. There are three major potential benefits available. Boost your super savings With a transition to … [Read more...]
Superannuation: What are Concessional Caps?
July 10, 2015 by ·
Superannuation is a way to save for your retirement. The intent is to support you to have sufficient income in retirement so that you can live comfortably once you stop working and earning an income. The money invested via superannuation comes from contributions made into your super fund by your employer and, ideally, topped up by your own money. In addition to that, sometimes the … [Read more...]
It’s a new financial year…get your money working harder for you
July 3, 2015 by ·
It’s a new financial year … get your money working harder for you Now that you have reviewed your spending habits, set some goals and planned a budget, it’s time to review and potentially refine how you make your money work for you. Rather than spending your income with the hope of having something left over to invest (which almost never works), set aside a portion of … [Read more...]
When can i access my super?
July 3, 2015 by ·
When can I access my super? While it is important to understand your superannuation and the integral role it plays in saving for your retirement, it is just as important to know when and how you can access your money. You don’t have to wait until you’re retired to start thinking about accessing your super. Generally speaking, you can access your super: When you reach preservation age and … [Read more...]
What is insurance in superannuation?
July 3, 2015 by ·
What is insurance in superannuation? Many super funds arrange life and disability cover for their members. Insurance is arranged by the super fund trustee, acting on behalf of the members of the fund. Having insurance for accidents and illness can provide a sense of security for you and your family. Deciding whether to have your insurance within superannuation or outside super can be a … [Read more...]
When do I need advice about my superannuation?
July 3, 2015 by ·
When do I need advice about my superannuation? With all that's happening in financial markets at the moment, it's only natural to be looking for help to make sense of it all. Like all of us, you want to know what the changing markets mean for you, your family, your savings and your future. And when it comes to seeking financial advice, the best time is now! If you are not sure when to seek … [Read more...]
What is “Super Consolidation”?
July 3, 2015 by ·
What is “Super Consolidation”? Have you worked for more than one employer in your career? How many super statements did you receive last year? If you found yourself thinking “I didn’t know I even had that super fund” or if you have lost track of your funds over the years as you have changed employment, then super consolidation may be the answer. Consolidating your super means rolling all of … [Read more...]
Residential Aged Care in Australia is Changing
June 5, 2014 by ·
The ages care system in Australia is about to experience major change. From 1st July 2014, residents entering aged care facilities will be faced with a new fee structure making it even more important to plan early and seek advice. While a new set of rules will apply to those entering care from 1 July 2014, all existing residents as at 30 June 2014 will continue to have their fees and charges … [Read more...]
Federal Budget should kick-start insurance tax debate
May 14, 2014 by ·
The Abbott Government's decision to cut billions from health and education is set to trigger a review of the GST rate, providing an opportunity for a national debate about insurance taxes. Last night's Federal Budget abandoned billions in future hospital and schools funding to the states, with the measures set to save the Federal Government $80b by 2025. The cut-backs are almost certain to … [Read more...]
Gold Coast Business News – 20 November 2012
November 20, 2012 by ·
Fun approach to Finance is the key Fostering a fun business environment has brought high spirits to the staff and clients of Hall Finance and Insurance Group (HFI). The Queensland financial services company, headquartered in Labrador, not only makes a concerted effort to attract and retain quality staff, but also promotes teamwork. "We want to ensure that staff are engaged and happy and … [Read more...]