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6 tips for investing in property

We are often asked if it is a good time to invest in residential property. Quite simply there is no yes or no answer to this question. The real question you need to ask yourself is, “is this the right time to invest in property for me?” There…
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Renovating? Be careful not to over-capitalise.

Perhaps due to the popularity of do-it-yourself (DIY) television programs, home renovations are big business. The rewards are there, but watch out for the hidden costs – and we’re not talking about fancy tap-wear! Australians in increasing…
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Winning the debt war

The Australian Bureau of Statistics estimates that the average amount of money Australian households owe on mortgages, credit cards and personal loans combined is approximately $168,600 per household. In 2015-16 it was reported that the most…
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Life can change in an instant

Paul Taylor was a fit and active 45-year-old who drowned while swimming in surf on a family holiday. Witnessing this tragic event unfold from the beach were Paul’s wife, Sue, their 15-year-old daughter Sophie and 12-year-old son Zac. Relatives and…
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How much do I need to start investing?

Far from being the realm of the rich, building an investment portfolio is something that most people can do. It can start as a simple savings plan – a few dollars in the bank – before expanding into a diversified portfolio containing a…
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You CAN save one million dollars!

One of the most common questions I’m asked as a financial adviser is “will I have enough to retire?” It truly is the sixty-four thousand dollar question and if $64,000 was the answer, we’d all be on easy street! With so many variables…
https://www.superguide.com.au/smsfs/smsf-compliance-ato-hit-list

ATO warns self-managed superannuation funds on compliance

The tax office has warned the nation’s 600,000 self-managed super funds to comply with the law or face stiff penalties, revealing $20.5bn in assets in almost one sixth of SMSFs were officially “at risk”. Assistant Commissioner Dana…
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Trust distributions from a discretionary trust

Trust distributions from a discretionary trust Distributions from trusts and the taxation of those distributions is complex. This is an attempt to simplify the topic. The purpose of a trust is to separate the legal and beneficial ownership…
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Succession planning for family businesses

For most family businesses as well as private groups, succession planning (sometimes known as transition planning) involves considerations around the eventual sale of your business, or the passing of control of it to other family members when…