financial planning

Helping our kids of all ages be more financially savvy

Helping our kids of all ages be more financially savvy

You want your children to have the best future possible. And that means teaching them good savings habits that will pay off when they’re older. As you get older and you start thinking about your own retirement, you often wish you had started planning earlier. So it’s only natural to want to help your own children get ahead...

Age Pension changes to affect most retirees

Age Pension changes to affect most retirees

Around 76% of retirees in Australia rely on Age Pension currently and the rules are about to change. For the worse!

With the Government running up budget deficits, a wave of baby boomers about to retire — at the rate of almost 5,000 per week — and the fact our life expectancy is predicted to get longer, this is hardly surprising. But the impact on retirees is going to be significant. 

Is Centrelink in your retirement plan? Get the benefits you deserve.

Is Centrelink in your retirement plan? Get the benefits you deserve.

Over the past 10 years the rules to Centrelink have changed considerably. They are set to change again in January 2017 (read our article 'Changes to the Age Pension rules — will you be affected?' on this change), however many people nearing retirement don’t understand how Centrelink may fit into their retirement plan.

Property and your financial plan

Property and your financial plan

Whether you are looking to buy your first home, upgrade to a new home or invest towards your retirement, it’s ideal that you can hold your asset for as long as possible. One of the biggest errors people make is that they do not think forward far enough on their decision and when a property is subsequently sold, after only a relatively short time of holding it, it leads to tax implications and transaction costs, that may have otherwise been avoided if there had been adequate planning in the first place.

The Federal Budget and your financial plan

The Federal Budget and your financial plan

Although the recently announced budget is currently just a proposal, if the changes are passed they have far reaching planning implications. Most established financial plans will need to be revised to adapt to the changes and new thinking will be needed to prosper from them.

Term deposits not paying their way?

Term deposits not paying their way?

If you’re frustrated with the current term deposit rates - you are not alone. Many disgruntled investors have seen their income eroded as term deposit rates have consistently fallen from above 8% in 2008.

The Reserve Bank of Australia (RBA) has just cut rates again to 2.00% - which brings the cash rate down to around the rate of inflation. Some economists are still predicting further rate cuts in the months ahead.

The Federal Budget and your Financial Plan

The Federal Budget and your Financial Plan

We are fortunate to receive several reports and analysis from Australia’s leading financial institutions about legislative change and there is none bigger than Federal Budget announcements. Having reviewed several Budget summaries, we are pleased to provide this overview from ASGARD, which is comprehensive yet simple to read.

This is a budget that has greatest impact on small business owners, families and pensioners, however there are several proposed changes that could affect you if you claim a vehicle in your tax return or have a meals allowance for example, as part of your salary package.

We suggest you read the overview and then you can easily skip through to the aspects that you find most relevant to you. 

Property Planning Australia Financial Planning has been rebranded

Property Planning Australia Financial Planning has been rebranded

As announced by Property Planning Australia on Friday 1st May, we have rebranded Property Planning Australia Financial Planning to Yield Financial Planning. Yield Financial Planning and Property Planning Australia’s teams continue to work alongside each other to deliver a cohesive client experience across our combined services.

We’ve done this to make it outwardly clearer that we provide full service Financial Planning advice and one of the many advantages of this, is that we can bring our clients and subscribers an exclusive newsletter, focused on their financial plan. 

Living longer - What's the big deadlock?

Living longer - What's the big deadlock?

It is fair to say that most of us have thought about when and how we might like to retire, whether it’s 10 or 30 years into the future. Most of us have a rough idea of the age we would like to retire, however it is important to understand that many of us don’t get to live out our plans as we might have hoped!