Super contributions caps for the 2015/2016 year
As the end of the financial year rapidly draws to a close, have you thought to check your super contributions? Below is a brief overview of the superannuation contribution caps for the 2015/2016 financial year – don’t leave it too late! Concessional (before-tax) contributions 2015/2016 A concessional contribution is a contribution that is made by […]
Why is an Independent Financial Adviser different?
We are passionate about providing financial advice to clients of all shapes, ages and sizes. Financial advice is in our blood, it’s more than just what we do. It is about who we are, how we live, and how we want our names to be remembered when we close the door. There is nothing we […]
Australian Economy Snapshot
The latest release from the RBA (Data updated to 7 April 2015) is a positive sign for investors and business alike.
What’s the difference between Accounts Payable and Accounts Receivable?
This is one of the most common questions we hear from new business owners and existing business owners alike. As a business owner, you can be focused on so many different and conflicting topics at once, and bookkeeping issues often fall very far down the list of priorities. What is the difference? Accounts payable and […]
Why is independent investment research important?
It is quite well known within the investment industry (but little discussed with consumers), that many product manufacturers pay certain research houses to rate their products. It has been suggested that this process has in-part contributed to the $29 billion of failed or frozen funds within the Australian investment sector since 2006. The Independent Financial […]
SMSF Adviser feature – Dr. Dennis J. Maddern
Maddern Financial Advisers Founder and Executive Chairman; Dr. Dennis J. Maddern, was recently interviewed by SMSF Adviser magazine on what he has learnt from running a business and how to become a successful leader. Simply click on the image to reveal in a large readable format.
Growing retiree numbers highlight the importance of using retirement planning tools: ASFA Retirement
ASFA released the December Quarter Retirement Standard last week, and it was no surprise to learn that older couples wanting to live a comfortable retirement will need to spend $58,364 per year, up 0.1 per cent on the previous quarter. With the Intergenerational Report illustrating an increase in the number of retirees and predicting people […]
Centrelink Asset Testing has changed for Account Based Pensions
So what has changed? Up until the beginning of 2015, Account Based Pensions (ABP’s) were treated favourably by Centrelink and DVA, and assessed under the income test rules based on the level of income that they were producing in order to determine how much income support would be paid. From 1 January 2015, ABPs will no longer have the income test […]
7 Essential tips for buying your first home
1. Get into a ‘mortgage payment’ pattern ASAP You may have already been saving for a house, or paying rent towards a property, but the psychology of these payments can be very different to servicing a mortgage. It is easy to get complacent with a savings plan and say to yourself “Not this month, its […]
The top 3 issues that every pre-retiree should be aware of
For most Australians, a comfortable retirement is a long term goal that remains in the back of our minds for many years. Many of us (especially the baby boomers), watched our parents & grandparents struggle along on a Government pension and vowed never to do so ourselves. The Australian Bureau of Statistics (ABS) survey in […]