Economic Update

Economic Update

MARKET AND ECONOMIC OVERVIEW Australia ·         Various data releases in November disappointed investors and suggested overall economic conditions remain subdued. ·         Inflation data, for example, was lower than anticipated. This release was followed by uninspiring wage data for the September quarter. In spite of a rise in the minimum wage on 1 July, wages have […]

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Understanding How SMSF Contributions Work

Understanding How SMSF Contributions Work

Contributions can play an essential role in a self-managed superannuation fund (SMSF). Your SMSF contributions can be made in two ways – either by cash or an asset (known in the trade as ‘in specie’ contribution). Typically, your SMSF can accept: ·         employer contributions ·         personal contributions ·         salary sacrifice contributions ·         super co-contributions ·         […]

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6 Tips For Retiring Earlier

6 Tips For Retiring Earlier

Are you dreaming about an earlier retirement, but unsure how to go about it? According to the Australian Bureau of Statistics, 40 per cent of Aussie men and 35 per cent of Aussie women are planning to work past age 70 because they are worried about their ‘financial security’ in retirement. But what if your […]

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Boost Your Retirement Income With Salary Sacrifice

Boost Your Retirement Income With Salary Sacrifice

By contributing into your super, you can reduce the amount of tax you pay while adding to your future retirement income. What is salary sacrifice? Put simply, salary sacrifice is where you pay a portion of your pre-tax salary or wages as an additional contribution to your superannuation account. How does it benefit you? When […]

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