Omnis retirement planning case study
Structuring retirement planning reaps results for former ‘do it yourselfer’ Retiree Ross led a varied and interesting career – from jumping out of army helicopters, to being a ski instructor and owning his own business – he’s never done things by halves. So when it came to selling his mum’s home and finalising her estate, […]
Omnis Financial Planning Spring News
It’s spring cleaning time! As the days get longer and the weather starts to warm up, its time to do some spring cleaning! This can also mean spring cleaning your personal finances. Remember to regularly review your loans to ensure you are getting the best interest rates, as this can save you thousands over the […]
The power of an attorney
Protecting your interests A power of attorney is a legal document that allows you to nominate someone you trust to make financial decisions on your behalf if you are unable to do so. A popular misconception is that a person’s partner can make financial decisions for them and manage their assets. However, unless a formal […]
Mythbusting super
5 super myths explained Although most of us have money in super, there are still some myths and misconceptions surrounding it. Myth 1: Super is a form of tax It’s understandable that some people think super is a form of tax. After all, you’re likely to see super payments on your payslip near the amount […]
Money doesn’t grow on trees
Giving children the skills to control their finances From the time they’re learning to crawl, parents begin teaching their children about right and wrong, personal safety, manners and morals. It’s not just about spending Children see their parents spend money, on one thing or another, most days. However, teaching children about important, less visible money […]
Suburban scammers
Suburban scammers pushing illegal early access to super The ATO has become aware of people in some suburban areas of major cities attempting to encourage others to illegally access their super early. Generally for a fee, scammers offer to help them to purchase a car, to pay debts, to take a holiday, or to provide money […]
Super housing measures
What the super housing measures mean for SMSFs The ATO has reminded members of SMSFs that they will be able to use their voluntary super contributions to assist with buying their first home, or to make a contribution into their super from the proceeds of the sale of their main residence (under changes passed by […]
Retirement planning case study
Projected benefits of putting extra savings into super Age 40 Starting balance $100,000 Income of $100,000 per year As shown in the above case study, putting an extra 6 per cent of your pre-tax income into your super each year could leave you significantly better […]
Age pension age increase
Did you know the age pension age is increasing? The age pension age is increasing to 67 which could have a significant impact on the retirement plans for many Australians. The age you are eligible to receive age pension payments from the Government, depends on your date of birth. That is, the age pension age […]
Key points from Budget 2018
How will the Budget affect you? This year’s Federal Budget is an ‘election budget’ with tax cuts for all Australians that will be funded by the Government’s higher than expected revenue. All-in-all, changes to super were fairly limited in the Budget, with the Government focused on preventing the erosion of super funds with small balances. […]
