Complex Advice

CPI figures released recently confirm indexation of the general transfer balance cap will occur on 1 July 2021. The general transfer balance cap is currently $1.6 million. From 1 July 2021, it will be indexed to $1.7 million. When the general transfer balance cap is indexed to $1.7 million, there will no longer be a single…

Gold has been a part of human history since the beginning of time. For centuries, from Pharaohs to Kings gold has been associated with prestige, power, wealth, and freedom. If you don’t know much about this yellow precious metal, reading this information will be a great place for you to start. So, why do I…

The establishment of an appropriate measure to mitigate a negative outcome that arises from an adverse event, whether expected or not, is an important consideration. However, the importance and benefit of doing so is often not truly realised until an adverse event occurs. When an adverse event occurs, the outcome for those with an appropriately established measure…

Many financial decisions we make regarding our personal finances can involve a certain level of risk. However, the level of risk that we are willing (tolerance) and able (capacity) to take, can vary from one person to the next. This is normal, and is often due the differences that exist in our: 1. financial situation, goals and…

Due to the Coronavirus, best practice is to not be with strangers or non-family members. However, a Will is only witnessed by strangers or persons that are not related to you. During periods of ‘lockdown’ in your community when you cannot leave your home the only witnesses maybe your next-door neighbours. This process assumes a…

 For SMSF members who are over 65 years of age and no longer working, there are very few options available for them to contribute to superannuation. Members of this age are no longer able to use the bring forward provisions (subject to the circumstances below), and they must satisfy a work test in order to…

Financial wellbeing is defined as when you are able to meet expenses and have some money left over, are in control of your finances, and feeling financially secure, now and in the future. Some of the main factors that can influence your financial wellbeing are as follows: 1. financial capability (your financial knowledge, attitudes, decisions, and behaviours),…

Watch ‘The Evolution of Dealer Group’ panel from this year’s IFA Client Experience Workshop. The discussion covers: The current advising landscape; the royal commission and a global outlook (0:01) What support licensees can provide in helping advisers with client relationships (3:31) How might dealer groups help advisers communicate the value of advice? (10:06) Who should…

If you fear death and the mere thought or process of reading this sentence makes you squeamish, then I am sorry to be the bearer of bad news but death is an inevitable part of life. However, advanced care planning provides you with the important opportunity to communicate your preferences such as what quality of…