RI's Knowledge centre
Keeping up to date is important, so here's the news.
From 1 July 2022, if you’re a first home buyer you can release up to $50,000 (up from $30,000) from your voluntary super contributions to help you buy your first home. Under the scheme, voluntary concessional and non concessional contributions made on or after 1 July 2017 may be released from super to help you purchase your first home.
Imagine if you travelled back 30 years and told your past self how the world would change over the three decades that were to follow.
Nominating your super beneficiary is something you have most likely been asked to do if you have a superannuation fund.
Global shares had a mixed month. Due to upward movements in the Australian dollar, on an unhedged basis, global shares were down 0.9%
The unexpected events of the past few years have made financial protection a front of mind matter for most Australians. Now more than ever we appreciate that life does not always go the way we plan. Having a plan in place if things do take an unexpected turn can mean that our health, lifestyle and family are better protected.
Global shares fell 2.8% and 5.5% in unhedged and hedged terms, respectively, which was a similar result to what we saw in January. Global emerging markets fell 5.8% over the month.
Since July 2018 thousands of people have taken advantage of the Government’s downsizer contribution scheme by selling their home and making contributions to their super.
Are you approaching retirement? Then chances are the funding of your lifestyle in retirement may be on your mind.
Global shares fell 2.2% and 5.1% in unhedged and hedged terms, respectively. Global emerging markets rose 1.2% over the month.
The last couple of years have been tough on a lot of people with the COVID pandemic throwing the world into chaos and taking a toll on our physical, mental, financial and emotional wellbeing.
Global shares rose 4.0% and 1.7% in hedged and unhedged terms, respectively. Global emerging markets fell 0.6% over the month, based on continuing concerns around the Omicron variant.
New year is a great time for making lifestyle changes, however, for goals and changes affecting your financial health, there’s often no better time than when starting a new job.
Global shares fell 1.6% and rose 3.7% in hedged and unhedged terms, respectively. Global markets fell (in local currency terms) driven by concerns over a new coronavirus variant, Omicron, emerging from southern Africa.
If you are a small business owner you would know the importance of having a good team behind you.
With a few simple changes, you could set a good example for your children.
Global shares fell 3.8% and 3% in hedged and unhedged terms, respectively.
Taking care of household finances can be time consuming and boring – and often people don’t know where to start.
That means the longer you live, the more money you will need for your retirement. Whatever your plans, it’s vital you have a strategy in place so that you can build your retirement savings as much as you can before you retire.
On 1 July 2021, a new capital gains tax (CGT) exemption was introduced certain granny flat arrangements, making it easier for older Australians to enter formal granny flat arrangements with the added protection from possible financial abuse if circumstances within the family change.
As Financial Advisers we talk about superannuation a lot. So much so that it probably becomes a fuzzy word people don’t even hear any more. And the younger you are, the less interested you probably are.
As Financial Advisers we talk about superannuation a lot. So much so that it probably becomes a fuzzy word people don’t even hear any more. And the younger you are, the less interested you probably are.
There are key changes in the financial planning industry that came into effect on 1 July 2021. Your financial adviser is aware of these changes and can discuss them with you in relation to your own situation.
It seems we are increasingly using apps in everyday life. Apps can help us manage certain aspects of our lives, tap into things that are of interest to us, or keep track of different goals.
Compared to other investment structures, super is widely considered to be one of the most tax effective investment structures available from a wealth accumulation and cash flow generation perspective. Although not a comprehensive list, below are 11 of the top tax facts about super.
As the lockdowns extend in Australia stocks continue to ignore bonds
At some point you will retire. Many of us hope that is sooner, rather than later. We hope that we can retire with enough life left in us to enjoy all the things that took a backseat during our working years. We want enough money to be comfortable and safe in the knowledge we won’t run out of money and have to go back to work, unless of course we want to.
When it comes to building and maintaining wealth, super is widely considered to be one of the most tax-effective investment structures available.
If you are in, or nearing, the retirement phase of your lifestyle you might be considering whether you want to stay in your current accommodation, or look for something to suit your needs as they change over the coming years.
In a year that has seen so many unexpected events take place it is top of mind for most Australians now more than ever that life does not always go the way we plan, but having a plan in place if things do take an unexpected turn can mean that our health, lifestyle and family are better protected.
Global shares rose 4% and 3.2% in hedged and unhedged terms, respectively. The rotation to stocks benefitting from a strong economic recovery faltered in April. Strong profit results for major US tech companies such as Google saw growth
Aged care is a complex and emotive topic and many people don’t think about their aged care needs until the time to do something is upon them – at which point the options can be limiting. This article explains a couple of the key areas to consider around your aged care plan.
Vaccination rollouts en masse - Global Shares and emerging Markets
Have you made a big financial mistake in the past? One that cost you a lot of time and money to fix?
Global shares rose 3.4% and fell 0.5% in hedged and unhedged terms, respectively.
With the increased activity online – be it due to working from home, home schooling, or simply because we have found a great availability of engaging and interesting content and streaming services, we are online a lot more and need to consider if we are adhering to safe cyber practices at home.
Global shares rose 7.7% and 12.2% in hedged and unhedged terms, respectively.
The announcements in this article are proposals unless stated otherwise. These proposals need to successfully pass through Parliament before becoming law and may be subject to change during this process.
Global shares fell -3.2% and -1.1% in hedged and unhedged terms, respectively.
Having an appropriate financial plan in place covers more than just investments and insurance. The same goes for a financial adviser – there are some you will just click with, who you will feel comfortable opening up to and working with over the long term, to improve your financial future.
Global shares fell 2.9% and 0.3% in hedged and unhedged terms, respectively. Global equities were led on the downside by the US market with Tech stocks struggling as the techheavy Nasdaq Index fell by -5.2% in USD terms.
Federal Budget Summary, The 2020 Budget is all about jobs, jobs and spending to make more jobs.
The increasing cost of goods and services is a reality most Australians have to deal with. Data from the Australian Bureau of Statistics shows that living expenses for employee households were up by 1.1% from March 2020, compared to March 20191. This may not seem like a lot, but if living expenses go up and wages stay stagnant, it makes an impact of your overall household income and expenses ratio.
"Retirement is no time to put your financial advice to auto pilot"
Global shares rose 6.2% and 3.5% in hedged and unhedged terms, respectively. Global equities continue to be led by the US market with Tech stocks the leaders as the tech-heavy Nasdaq Index rose by 9.6% in USD terms.
If you are not ready to take your foot completely off the break as your working career slows down, you may find a happy medium and foster a healthy routine by working in retirement.
Research shows that parents’ actions affect their children’s behaviour and the effects can last into adulthood.1 This puts the onus on parents to help their children develop the skills and behaviours to make smart financial decisions – from learning about the importance of saving to the power of compounding interest.
Global shares rose 3.3% and 0.6% in hedged and unhedged terms, respectively.
Global shares rose 10% and 3.6% in hedged and unhedged terms, respectively.
We hope that we can retire with enough life left in us to enjoy all the things that took a backseat during our working years. We want enough money to be comfortable and safe in the knowledge we won’t run out of money and have to go back to work, unless of course we want to.
Global shares rose 2.3% and fell -1.1% in hedged and unhedged terms, respectively.
Investment results tend to vary more widely when you just consider the returns over a period of one year.
Global shares rose 4.7% and 3.4% in hedged and unhedged terms, respectively.
Are you a new technology pioneer, or a proud ‘technophobe’? Wherever you sit on the digital spectrum, the transformative power of technology is undeniable. What’s important is how you harness it.
If you are worried about the rising cost of living expenses and are not seeing any wage increases, then it’s time to get organised with your finances, set a realistic budget, work out what you can do without and where you can invest to save.
On 30 March 2020, the Federal Government announced the introduction of the JobKeeper
Advisers Matt Dunstone and Scott Mitton discuss and share their learnings and insights