Stay a Step Ahead

From a planning perspective, the start of a new financial year is the perfect opportunity to consider your financial plan and opportunities within it – without the 30th June rush.

For this reason, there is no better time to research whether a Self Managed Super Fund (SMSF) is an appropriate option for your needs, as they are not something to be taken lightly and should be properly researched before jumping in.

Today our feature article outlines the common mistakes we see people make, when setting up a SMSF. We have focused our report on the ‘con’s’ first, as it is typically only the ‘pro’s’ which are marketed.

Our second article focuses on Australia’s significant underinsurance gap for life insurance and income protection. The article, taken from ‘Risk Info’s’ latest edition, focuses on research prepared by Rice Warner, a leading research house, and demonstrates how exposed families are to risk of illness or worse, death of a primary income earner. Risk insurance advice is one area Yield Financial Planning can help and we would welcome the opportunity to discuss your insurance options with you if this is an area you feel exposed or have not reviewed for a while.

Finally today, we would like to welcome Stevan Neskovic to the team as a Financial Adviser and we have provided a small bio on Stevan below.

From all of us at Yield, we hope you enjoy this month’s newsletter.

Adviser Appointment

Yield is delighted to introduce the newest member of our team - Stevan Neskovic. Stevan joins us as a Financial Adviser and is looking forward to helping clients achieve their financial goals.

Stevan holds a Bachelor of Commerce with a major in financial planning. Stevan commenced his career in Financial Planning in 2005, working for a boutique Financial Planning practice in Melbourne’s east. Over his time in the industry, he has built his knowledge base to encapsulate all facets of financial planning.

Drawing on strengths from being self-employed, current studies in Law and exposure to both currency and share trading, he is well versed to provide succinct, transparent and tailored advice for all clients. These strengths allow him, along with the Yield Financial Planning team, to achieve Yields mission to provide the most trusted financial planning advice in Australia.

Common mistakes people make when setting up their Self Managed Super Fund

When it comes to setting up a Self-managed super fund (SMSF), there are some common mistakes that a lot of people seem to make. These points are too often excluded from the conversation and should be clearly considered before setting up an SMSF in the first place.

>>> Read more

Aussies Underinsured by $1.8 Trillion

Australia’s underinsurance gap stands at $1.8 trillion, according to the latest figures from Rice Warner.

The report concludes:

  • Australians are covered for just 38% of their income replacement needs; and
  • The typical middle-income Australian family with two children is underinsured by $422,000 (median level of life insurance).

Property Planning Australia Financial Planning has been rebranded

As announced by Property Planning Australia on Friday 01 May, we have rebranded Property Planning Australia Financial Planning to Yield Financial Planning.

>>> Read more

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The information provided is general in nature and should not be relied upon before making a decision to invest, or not invest, in a financial product.

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