Building a passive income

A simple guide from an earlier era suggested eight hours for sleeping, eight hours for work and eight hours for leisure. Nowadays work seems to take up more than its fair share and many people might be seeking a way to maintain or increase…
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Bushfires 2019–20

Devastating bushfires have impacted large parts of Australia since late 2019. If you live in one of the identified impacted postcodes, and don't want to think about tax, we've automatically deferred any lodgments or payments you…
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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…
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Superannuation tax offsets you may be able to use

Tax offsets (sometimes referred to as rebates) directly reduce the amount of tax payable on your taxable income. In general, offsets can reduce your tax payable to zero, but on their own they can't get you a refund. There are two superannuation-related…
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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…