If so, please ensure that your 2020 SMSF Annual Return is lodged with the ATO on time. When you don’t lodge on time your superannuation fund may be unable to receive contributions until the paperwork is brought up to date. The ATO will change your superannuation status to ‘Regulation details removed’. The Australian Taxation Office […]
If you are a senior you may remember when interest rates were as high as 17% back in June 1987. Since 1987 we have seen interest rates continue to decline to our present-day record-low mortgage rate. Currently, home loan interest rates are less than 2.9% per annum. When home loan interest rates decline it gives […]
As the end of the calendar year approaches so does the deadline for early access to your superannuation under the Covid-19 early access provisions. Whilst the last day to access your superannuation under these provisions is 31 December 2020, the ATO has advised that should you wish to access your super pre-Christmas you will need […]
1 – The people that earn the most income are not necessarily the wealthiest To increase your wealth you do not want to have to rely on your salary and wage income. As a wise man once told me if you spend 100% of your wage on discretionary items, staples and lifestyle assets then you […]
During these trying COVID times, I am sure that there is one lesson that we have all learned, and that is the importance of ‘saving for a rainy day’. Whilst there is no doubt that spending is more enjoyable than saving, there is also no doubt that uncertainly and a shortage of cash impacts our […]
If you are a resident Australian employee who earns more than $450 per month, you are legally entitled to 9.5% super on your ordinary times earnings, which is basically your wage excluding overtime. Your employer must pay your superannuation entitlement quarterly. But are you receiving them? Has your superannuation contribution been paid into your superannuation […]
Recently we published a blog looking into the different ways that you can choose to invest in a company. We listed a number of criteria and compared Tesla and Toyota as an example. Tesla – Outspoken and exciting Toyota – Conservative and longstanding Which one would you have chosen if I asked you back at […]
Up, down; good, bad. We have been watching the Australian All Ordinaries Index increase 1-2% one day and fall the same amount the next. One day the experts are singing the praises of our leading companies and the next they are shouting their shortcomings. With such missed messages the average investor is understandably confused. Should […]
When you are looking to invest in a publicly listed company, what factors do you consider before making your investment? Do you consider the company’s: Market capitalisation Price-earnings ratio Net profit Earnings per share Revenue growth Profit growth Dividends paid by the company Market share Future viability of the company’s product Financial projections Well, based […]
When it comes to selecting our personal insurances such as: Income protection or Income Continuance Life insurance Trauma Temporary and permanent disability (TPD) the majority of us have a “set and forget” mindset. That is, we go to the trouble of completing the multipage application booklet and we attend to the necessary health and blood […]