Below are a collection of testimonials from our valued clients. Some are from an anonymous client survey, so are listed as anonymous. (more…)
The Hon Scott Morrison MP handed down his second Federal Budget on the 9th of May 2017.
Pleasingly, and unlike last year, superannuation has largely been left alone. The main changes involve allowing people aged 65 and over to downsize their home and gain exemptions from the superannuation caps, and also a ‘First Home Super Saver Scheme’. Both are pretty good ideas.
On the whole though, it is a nothing budget. Certainly, there has been no movement to tackle the growing deficit which is forecast to reach $725 billion by 2025, but in all likelihood will be pushing the $1 trillion mark. The politically expedient option of leaving the debt problem to a future generation continues.
Please note, all the announcements still need to pass through Parliament; until then they can be viewed as merely a statement of intent. In addition, the devil is always in the detail, and the details aren’t yet fully known.
I sometimes get contacted from people seeking advice on their debt. They are at various levels of default with finance institutions. It’s heartbreaking to hear, but it’s not an area I provide advice on; plus i don’t want my fee to add to their financial difficulties. This blog article does offer some pointers on debt management though. (more…)
The asset test changes for Centrelink Aged Pension payments will take effect on 1 January 2017. Despite these changes first being announced in the 2015 Federal Budget, I am certain that are many people who are unaware of the changes and what it will mean to them. (more…)
The UK took the world by surprise last week when its citizens voted to leave the European Union (EU). This unprecedented move has left everyone wondering what’s next. Whilst no one really has a clue, and many Australian financial institutions are downplaying the impact, there is good reason to be concerned. (more…)