Top-up your super with help from the Government
If your income is under a certain threshold, then making personal after-tax super contributions could enable you to qualify for a Government co-contribution and take advantage of the low tax rate payable in super on investment earnings. How does the strategy work?If you earn¹ less than $57,016 pa (of which at least 10% is from eligible employment […]
Topping up super with ‘catch-up’ contributions
If you have not fully used your concessional cap in a prior financial year, you may be eligible to use these unused carried-forward amounts in a later year. Depending on your circumstances, this could help you to maximise tax-effective super contributions and invest more for retirement. How does the strategy work? If your concessional contributions (CCs) in […]
Smart Super Strategies for this EOFY
With June 30 fast approaching, it’s time to start thinking about your super for another year. We’ve put together five smart strategies that may benefit you now, and help boost your super. Strategy This may be right if you … How to use this strategy The benefits may include 1. Add to your super and get a […]
Make Tax-Deductible Super Contributions
By making a personal super contribution and claiming the amount as a tax deduction, you may be able to pay less tax and invest more in super. How does the strategy work? If you make a personal super contribution, you may be able to claim the contribution as a tax deduction and reduce your taxable income. The […]
Federal Budget May 2023 Summary
The 2023 Federal Budget focuses on providing cost of living relief through lower power bills, higher welfare payments and more support for small business and housing. Note: These changes are proposals only and may or may not be made law. Cost of living Energy bill relief: An electricity bill credit of up to $500 will […]
A lot can happen in a year
This time 12 months ago, I had just finished up with my previous employer and was on holiday with my family in preparation to take a leap of faith of sorts. My first day with BW Private Wealth was still a couple of weeks away and I was quite nervous about what was to come. […]
Good Debt vs. Bad Debt
With interest rates on the rise, although we have recently seen CBA reduce their fixed rate which is generally a good indicator that we might get some reprieve on our interest rates, debt has become a large talking point. I have had a few people over the last couple of months talk about salary sacrificing vs. paying […]
Celebrate the wins!
This is something that I do myself and it really helps to keep me motivated. Whether it be paying down debt, staying within a budget, or building up savings, you really need to celebrate those wins. And don’t set the bar too high, don’t save the celebration until the mortgage is paid off! If you […]
The real cost of your coffee
This is one of my favorite things to talk about as coffee is my biggest vice. I barely drink, barely gamble, and don’t do any drugs but I love a coffee (or 3 a day). And if you’re reading between the lines, yes I am incredibly boring. Now that they have gone up, with inflation, […]
Saving for Education Fees
Some may know that I have young kids, with one looking at starting primary school next year. Anyone in that position will know that the idea of coming up with money for education costs can be very daunting, especially with everything else getting so expensive at the moment. As an advisor, I have always been a strong […]
