-
Superannuation: Inertia & Urgency
Read more: Superannuation: Inertia & UrgencyIt’s fascinating how systems evolve. Once upon a time, the inertia that came with Australia’s superannuation system was something of a drawback. Superannuation wasn’t always compulsory, and guaranteed contribution rates were lower. It took longer to accumulate a decent balance. It didn’t seem a grand sum of money, and people really didn’t understand the whole thing. The media didn’t care much because the public didn’t care much. This could mean investors dawdled along, stayed stuck in dud funds, while being charged too much. The penny would drop at some point, but had there been an interest taken earlier those balances…
Topics:
-
Top 5 things to know about 1 November Aged Care Changes
Read more: Top 5 things to know about 1 November Aged Care ChangesBig changes are on the way for aged care, with new rules starting from 1 November 2025. While these changes aim to create a more sustainable and fairer system, they do bring added complexity — especially when it comes to understanding the fees and making the right financial decisions. Here are the five key things you need to know: 1. Aged care will cost more – but is still subsidisedIf you or a loved one is moving into residential aged care from 1 November 2025, the amount you’ll need to contribute will be higher. That said, the Government will continue…
Topics:
-
2025 Q2 June Quarter Review
Read more: 2025 Q2 June Quarter ReviewEconomic Overview Tariff concerns initially ruled the roost in Q2 2025, before somewhat fading into the background. In contrast to Q1, there was a strong bounce for stockmarkets, as President Trump’s announced tariffs quickly became suspended tariffs. Again, raising the question, are President Trump’s tariffs actually about tariffs, or in some cases, are they leverage to secure other outcomes favourable to the US? The bluster and then delay of tariffs in some instances has prompted the acronym “TACO” (Trump Always Chickens Out), however some allies are starting to heed Trump’s calls for higher defence spending. While tariffs bubbled in the…
Topics:
-
Aged Care Changes Deferred – What this means for you
Read more: Aged Care Changes Deferred – What this means for youIt’s been confirmed – the aged care reforms originally set to begin on 1 July 2025 have been deferred by four months and will now commence on 1 November 2025. It became clear that extra time was needed to allow the whole sector to be better prepared and get ready for the significant changes ahead. The Government needs more time to finalise the rules. Aged care providers need more time to train their staff, adjust administrative systems, and ensure they can continue to deliver quality care under the new framework. One of the biggest changes is the introduction of the…
Topics:
-
End of Financial Year Reminder 2024/25
Read more: End of Financial Year Reminder 2024/25We’re nearing the end of another financial year, so as always there are some thing to be mindful of if you need to act on things such as minimum withdrawals for superannuation or take advantage of expiring caps or contribution limits. tax savings. Tax Savings via Concessional Contributions With the Stage 3 tax cuts now in effect, many Australians are on lower marginal tax rates, but making voluntary concessional contributions still offers the most significant tax advantages for those in an income threshold which pays tax. For example, someone earning $80,000 saw their marginal tax rate fall to 32%, down…
Topics:
Financial Planning, Investment & Insurance Solutions
Dedicated to helping people across Dubbo & NSW with their financial needs
