Learning the lessons of 2020: An extraordinary year

Learning the lessons of 2020: An extraordinary year

When the COVID-19 pandemic hit Australia in March 2020 it brought immediate and severe financial gloom. Shares plunged 37% and the economy slumped to its first recession in nearly 30 years. However, against that backdrop, 2020 turned out far better for diversified...
A family affair: Children, super contributions and SMSFs

A family affair: Children, super contributions and SMSFs

The potential increase in members from four to six in a self-managed fund has led to many to consider about whether it is worthwhile to have children as members of the parents’ or ‘family’ SMSF. The options are: should the kids join the fund, have their own, or go...
Transfer balance cap set to increase to $1.7 million

Transfer balance cap set to increase to $1.7 million

The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone. Currently, you can transfer a maximum of $1.6 million from...
Saving for your child’s future

Saving for your child’s future

As every parent knows (even before they become one), raising a child isn’t cheap. And those expenses don’t necessarily stop once they reach 18. Parents often hope to help their adult children with significant financial milestones in life too. In this article we look...