Retiring? Maybe move shares into super

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The market volatility and uncertainty during the past year and a half of COVID-19 have many share investors understandably rattled. However, this may present a smart opportunity for investors nearing retirement in the next five years. It is possible to contribute your shares in what is called an ‘in-specie’ contribution to your SMSF or superannuation

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Getting your insurance, right?

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What will happen to your income if you are injured or ill and cannot work? How long can your cash reserves last for if you are injured or ill and cannot work? Can you still afford to pay all your bills if you cannot work for one month? Three months? Or six months? What happens

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How poorly considered insurance can leave a spouse short-changed

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When most people think about personal insurance, they think it is important to insure the main income earner of the household. Just because a spouse may not be earning an income does not mean that they don’t need to be insured. Based on research by the Australian Institute of Family Studies (AIFS), 39% of families

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Three tips to help reduce capital gains tax

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If you have sold an investment property, shares or other investment asset in the last financial year, you may be liable to pay capital gains tax (CGT). Let’s understand how capital gains tax is calculated. In my experience, many people find this more complex than what is really is. How to understand your capital gains

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Make the most of super strategies before 30 June 2021

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In the world of superannuation, a few key changes have taken place over the past month that will impact superannuation strategies in the lead up to 30th June 2021 and beyond. Increase in concessional contributions cap after 1 July 2021 The concessional contributions cap will increase from $25,000 to $27,500. Contributions included in this cap

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Don’t delay the superannuation guarantee increase

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In July 2013, Australians’ superannuation savings started getting an extra boost when the superannuation guarantee contribution (the contribution that is mandated for employers to pay on top of workers’ salaries) increased above 9% for the first time in more than a decade. The plan to increase these contributions to 12% of a worker’s salary stalled

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Is there any value in financial advice?

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Getting good useful advice whether from a plumber or a planner or other expert is a cause of concern for many people. I can’t help with plumbing but I have a list of strategies that I regularly recommend to clients that provide value for the service I provide and help our clients to grow real

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Saving for your children

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Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month

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Are you really ‘surplus’ing or actually saving?

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According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income. Is this really ‘savings’? Or is it actually a ‘surplus’. There is a difference. ‘Savings’ is when you deliberately put money aside to build a cash reserve for a new car, investments, your next holiday or to accelerate

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Having a direct say over your ethical investments

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Ethical investment has been discussed in news articles, financial advice industry publications and, in my personal experience, discussions with clients about how to manage their wealth. The Responsible Investment Association of Australia (RIAA) reported that in 2020 ninety per cent (90%) of investors believe that impact investing will become a more significant part of the

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