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Category Archives: Articles

Worried about finances post COVID? Choose the right Financial Planner to help reach your goals and plan for the future.

During these turbulent times, we are all reading negative headlines such as “property prices are set to decline by up to 20%”, “unemployment is suggested to double to 10%” and “business will not recover until a vaccine is found for COVID–19”.  With headlines like these, it’s no wonder we’ve got financial jitters. Currently, many people […]

Minimising your tax & superannuation tips during Covid-19

With 30 June 2020 rapidly approaching now is the time to consider whether there are any tax-effective strategies that may be applicable to you, as well as the government’s policies available for those impacted by COVID-19. For those impacted by COVID-19, you may wish to consider the following superannuation assistance: Early release of superannuation.  If […]

Things to consider if you are experiencing cash flow difficulties during COVID-19

Now more than ever we all require quality financial advice. COVID-19 has created a very unprecedented and uncertain time. Many readers, if not most, will be experiencing some form of cash flow difficulties. Some readers may have been made redundant while others have reduced working hours. Retirees may not be receiving the same rental income […]

As a result of COVID-19 does your business need more cash to remain operating?

If your family business needs cash flow in addition to the withdrawal of the $10,000 per member in the 2020 and 2021 financial years, a Self-Managed Superannuation Fund (SMSF) can explore a related party transaction where the SMSF lends to the business an amount not exceeding 5% of the assets of the SMSF. The Superannuation […]

Four things to consider before closing your SMSF

Whilst Self-Managed Superannuation Funds (SMSFs) have numerous benefits including flexibility, choice and control over your investments, estate planning and tax management benefits. There eventually comes a time when the time and cost to manage the SMSF exceeds the perceived or actual benefits. The main reasons that people consider winding up their SMSF include: The members’ […]

Do you have an investment property – have your tenants asked for a rent adjustment?

If you are a landlord, consider these handy tips to minimise the financial impact during this difficult period. Talk to your bank.  You should consider discussing with your bank the terms of your loan.  For example, explore whether you can have your loan changed from principal and interest to interest only.  This will assist in […]