Tag Archives: retirement

Investment decision-making: avoid shortcuts

How do you go about choosing a restaurant, a new car or, or even a dishwasher? Chances are you begin by looking online at consumer ratings and asking friends for their opinions. Understandably, we look for shortcuts when making decisions and a common shortcut is to assume that past performance...

The power of financial role models

Role models are important in many stages of life. Be it school years, on the sporting field or in your career, having a positive role model, someone to compare yourself to and measure your progress against, can be a powerful and positive influence. But what about your financial position? Do...

Your super and tax: what’s new in 2018?

Super and tax rules are always changing – providing fresh opportunities to help maximise your retirement savings. Here are two new ways you may be able to help boost your super, as well as your tax return. Good news for employees Before 1 July 2017, you could only claim a...

McKillop FP newsletter – January 2018

McKillop Financial Planning’s January 2018 newsletter – CLICK HERE  Articles on: Setting up for retirement success ThreeSixty Research Market Update: January 2018 Your rights when it comes to direct debits Technology: an adversary in the fight for 2% inflation  ...

If only I had a second chance

No matter our age, most of us would probably look back on some aspects of our lives and say to ourselves: “If only I could do that again; if only I had a second chance“. This, of course, tends to occur quite frequently in regards to our investing and saving....

McKillop FP newsletter – September 2017

McKillop Financial Planning‘s September newsletter CLICK HERE  Articles on: superannuation for young people, global shares as part of your investment portfolio, the $1 million #retirement myth and an MLC August economic update  ...

ASIC holds $1.1 billion in unclaimed super money

‘Unclaimed money’ is money from dormant bank accounts, unclaimed life insurance policy payouts and money from shares and other investments that people have not been collected from companies. Unclaimed money is transferred to the Commonwealth after it’s been unclaimed usually for 7 years. People may find they have unclaimed money...

Tax deductions for super contributions

Do you make personal superannuation contributions and want to claim them as a tax deduction? As we draw to the close of the 2017 financial year, it is important to ensure that if you wish to claim a tax deduction for personal superannuation contributions made in the 2016 financial year, you do...

Women and super: the facts

Did you know that around 90% of women end up with not enough superannuation savings to fund the lifestyle they want in retirement? In fact, the average superannuation account balance for women when they retire is around $90,000 less than the average for men.* There’s no doubt women have a...

Proposed reforms to superannuation

Proposed reforms to superannuation Here is a useful infographic summarizing the key proposals for super reform – changes to before-tax contribution caps, changes to concessional contributions tax and concessional contribution caps and pension limits… Note that the proposals are not law yet and they vary from those proposed in the...

Pre-retirees are topping up their superannuation

PRE-RETIREES ARE TOPPING UP THEIR SUPERANNUATION Almost one-third of Australians topped up their super in the last 12 months, contributing additional funds over and above employer contributions, according to MLC’s Australia Today report (August 2016). It’s a positive sign that Australians are taking proactive steps to plan for a comfortable retirement lifestyle,...

The importance of financial planning to business

THE IMPORTANCE OF FINANCIAL PLANNING TO BUSINESS A sound financial plan is the backbone of any successful business. Having a successful business all comes down to planning and financial planning is one of the key areas that must be addressed from conception for a business to thrive and expand. As...