A&B Financial Planning in Temora, New South Wales | Financial service

A&B Financial Planning

Locality: Temora, New South Wales

Phone: +61 2 6980 9000

Address: 246 Hoskins St 2666 Temora, NSW, Australia

Website: http://www.abfp.com.au/

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24.01.2022 This financial year will soon be coming to a close and so we would like to remind you of a few tips you could keep in mind. Check out a post of ours from last year about tax deductible super contributions and feel free to contact us on (02) 6980 9000 if you have any relevant questions. Stay tuned for more End of Financial Year tips.

24.01.2022 We are happy to introduce Georgina Gebhardt as the newest member of the A&B Financial Planning team. Georgie comes from our local farming community and is studying a Bachelors of Accounting majoring in Financial Planning. We extend her a warm welcome and look forward to working together.

24.01.2022 If you wanted to purchase life insurance locally, where would you go? Bank Financial Planner Superannuation Fund... Insurance Broker Other Leave a reaction as your response. And if you chose Other, feel free to let us know in the comments.

24.01.2022 Like any large organisation, the Australian Government relies on multiple resources to function effectively and efficiently. The federal budget is essentially an inflated accounting statement for the entire country. It is presented to Parliament and the general public by the treasurer, usually at the end of each financial year. It includes detailed information on the Australian Government's revenue and expenditures as well as its objectives, priorities and other fiscal polici...es. The budget is broken down into smaller proposals for sectors inculding Healthcare, Social Security, Education, Defence and Transport, and serves as the government's short to medium term strategic plan. The government raises money from taxes in the form of income tax, Goods and Services Tax (GST) and superannuation tax. If the revenue raised is greater than expenditure there is a budget surplus, but if expenditure is greater than revenue there is a budget deficit. The next Australian Federal Budget is due to be released on Tuesday 6 October 2020; it will contain the economic and fiscal outlook for the year ahead, following the challenges posed by the COVID-19 pandemic.

23.01.2022 An Account-Based Pension is a type of retirement income stream which uses money regularly paid from your superannuation. You may choose the frequency and amount for each payment, however there are minimums which must be withdrawn, depending on your age. Benefits of an account-based pension include: - Continuation of regular income during retirement... - No tax payable on investment earnings - Income is tax free after age 60 For more information visit the MoneySmart site https://moneysmart.gov.au/retirement/account-based-pensions and give us a call on 02 6980 9000 if you have any related questions. To see more terms and definitions click the link below!

21.01.2022 1. Check your spending habits Know where your money is going... 2. Streamline subscriptions and regular bills Are you getting value from them all? 3. Review your loan interest rate Don't pay more than you should 4. Set new savings plans Perhaps automate them, if you can 5. Look at what your insurance costs are Do you need them? Do you need more? 6. Think about why you do what you do Is there a better way?

21.01.2022 With only a week left of this financial year, have you considered all of your entitlements? Does your spouse earn low or no income? If so, you may be eligible to claim a tax offset of up to $540 by making contributions to their super fund. If your spouse makes less than $40,000 (including reportable fringe benefits and reportable employer super contributions) and you make a spouse contribution of $3,000, you can claim a personal tax offset of 18% of the contribution.... To find out if you and your spouse are eligible or to learn more about super related tax offsets, go to https://bit.ly/ato-super-tax-offsets. And if you have any related questions or would like assistance with your End of Financial Year, call us on (02) 6980 9000.

20.01.2022 Today we say farewell to Maddie who has been working with us for the past 4 and a half years. Over that time Maddie has provided our team and our clients with an exceptional level of service. She will be greatly missed as a colleague, but more importantly, as a friend, and we wish her all the very best in her new vocation. Best wishes, best of luck and all of our hopes for success go with you.

20.01.2022 PUTTING MORE MONEY INTO THE POCKETS OF HARD-WORKING AUSTRALIANS The Government has brought forward it’s stage-two income tax cuts by two years, originally intended to start 1 July 2022. Lower taxes plays a key role in the economic recovery effort. Supporting workers trying to get ahead through reducing the burden of personal income tax. ... The government believe these tax cuts will increase the reward for effort and improve incentives to work. Have you noticed the tax savings in your take home pay yet?

20.01.2022 When receiving your annual superannuation statements for the last financial year, there are few key things to keep an eye on: - Your account balance - How your money is invested - Are you receiving your Superannuation Guarantee from your employers?... - Ensure your personal details are up to date - Have you provided your Tax File Number? - Check you have a Death Benefit Nomination - Do you have insurance cover through your super, and if so, is it suitable? - The fees you are paying for your current fund Making sure you understand your annual statement can help keep on top of your super and ensure it is tracking in the right direction. If you have any related questions, you can call us on 02 6980 9000.

19.01.2022 H E L P U S R E A C H 4 0 0 L I K E S $ 4 0 0 C H A R I T Y G I V E A W A Y !! To broaden our reach in 2021, we have set a goal to reach 400 likes on our Facebook page. ... We also believe Christmas is the perfect time for giving! So as soon as we reach 400 page likes, we will make a $400 donation to a local charity. Want to know how you can help us make a difference this year? Simple. - ; - / . Is there a Temora-based charity you'd like us to consider? Add your ideas in the comments below. Thank you!!!

18.01.2022 Our office is open and ready for in-person appointments again. Monday - Friday, 8:30am - 5:00pm If there's anything we can do to assist you, drop in or give us a call on 02 6980 9000.

18.01.2022 We are happy announce that Dee Goesch is now an equity partner in A&B Financial Planning. Andrew, Ian and the team would like to congratulate her on her hard work & determination to achieve this. We know it has been a long-held goal. We are certain of her success and are sure she will continue with us to provide the premium service our clients deserve.... Welcome Dee and Congratulations.

17.01.2022 A hand-written note from one of our clients surprised us in the mail recently. It's always lovely to receive feedback like this and gives us great satisfaction in the work we do. If you think there may be something we can help you with, please give us a call on 02 6980 9000. P.S. There are no dumb questions if you can learn something from asking it!

17.01.2022 We each have a slightly different definition of what financial freedom means to us: - The freedom to leave home for the first time and be self sufficient - The freedom to live life without needing to worry about money - The freedom to retire earlier... Unfortunately, many of us fail to achieve it. We are burdened with increasing debt, financial emergencies, prolific spending and other issues that thwart our financial goals. Here's a couple of approaches which may help achieving financial freedom: 1. Remaining accountable to your financial plan, and 2. Investing in yourself and your future. The bottom line is that this approach will not solve all of your money problems, but it may help you to develop healthy habits to get you on the path the financial freedom. Give us a call on 02 6980 9000 if you have any related questions.

17.01.2022 Here's a great article about keeping your superannuation safe during the COVID19 pandemic. https://www.moneyandlife.com.au//how-to-keep-your-super-s/

16.01.2022 It's been some time since we've seen changes to these caps in the financial services industry. Here are a few to keep an eye on: - Concessional contribution cap will increase to $27,500 per annum - Non-concessional contribution cap will increase to $110,000 per annum... - Transfer balance cap will increase to $1.7 million - Employer Super Guarantee will increase to 10% If you'd like to learn more we recommend you have a chat with your financial professional, or you can give us a call on 02 6980 9000.

16.01.2022 Here's another End of Financial Year tip for how you may be able to boost your retirement savings with Super Co-contributions.

15.01.2022 Centrelink announced it will be revaluing the market-linked investments, shares and securities of its customers to ensure it is paying them the correct amount. Normally done in March and September each year, Centrelink have revalued these at 1 June because the coronavirus has caused financial markets to go down. To see how this will affect your age pension, go to https://bit.ly/centrelink-revalue-assets. Or, if you haven’t applied for Age Pension yet, it might be worthwhile c...hecking your entitlements. Feel free to give us a call on (02) 6980 9000 if you have any related questions.

14.01.2022 "How could I benefit from having a financial adviser?" In 2019, the Australian Securities and Investment Commission (ASIC) released their report Financial Advice: What consumers really think, which surveyed Australians about their thoughts and attitudes toward financial advice. The research found that nearly half of Australians surveyed want financial advice, yet only 12% had actually sought advice in the previous 12 months.... At A&B Financial Planning, we believe in a ‘client centric’ approach. We try to not only assist our clients’ financial goals, but also their understanding of why, how, who, when, & what. It is this approach in which we see our clients benefit the most. If you, or someone you know is interested in seeking financial advice, you can contact us on 02 6980 9000 for an obligation free appointment.

14.01.2022 The office will be closing at 3pm on Wednesday 23rd December for the Christmas and New Years break. We will re-open again in 2021 at 8:30am Thursday 7th January. Drop into the office or give us a call on 02 6980 9000 before then if you need to speak with us, otherwise we will see you next year.

13.01.2022 JEANS FOR GENES DAY It's Jeans for Genes Day, a national day to raise money for the Children's Medical Research Institute, helping to find treatments and cures for children's genetic diseases. Today is especially powerful, as it's Double Donation Day, whereby every dollar raised is being matched by the supporting foundation partners.... Join us in donating funds towards this worthy cause, trying to change the "incurable" to "curable". https://fundraise.jeansforgenes.org.au/double

13.01.2022 These days, government services such as Centrelink, Medicare and the Australian Tax Office (ATO) are accessed online and require you to have a myGov account. With an account you or your authorised financial professional can access useful information like your current Centrelink payments, super concessional contributions history or transfer balance cap details. You can also access tax information such as outstanding tax debt or the balance of your HECS/HELP debts. If you need ...some assistance creating an account you can watch a step-by-step video here: https://youtu.be/Cldy_brqh50 Alternatively you can read through the webpage version here: https://www.servicesaustralia.gov.au//online-help/create-m If you have any related questions you can give us a call on 02 6980 9000.

13.01.2022 If you've lost hours of work and income due to the current lockdown and are not receiving a Centrelink or DVA payment, you may be eligible for the COVID-19 Disaster Payment. This quick video by Services Australia explains more about the payment: https://youtu.be/nwv3WhJfyg0... And for more information about who can get it and how, go to the Services Australia website: https://www.servicesaustralia.gov.au//covid-19-disaster-pa

12.01.2022 The Government is planning to provide two separate $250 economic support payments, to be made in December 2020 and March 2021 to eligible recipients of the following payments and heath care card holders: - Age Pension - Disability Support Pension... - Carer Payment - Family Tax Benefit, including Double Orphan Pension (not in receipt of a primary income support payment) - Carer Allowance (not in receipt of a primary income support payment) - Pensioner Concession Card (PCC) holders (not in receipt of a primary income support payment) - Commonwealth Seniors Health Card holders eligible Veterans' Affairs payment recipients and concession card holders The payments are exempt from taxation and will not count as income support for the purposes of any income support payment. You can call us on 02 6980 9000 if you have any related questions.

11.01.2022 As covered in previous posts, there are a variety of scams which have been quite prevalent during this COVID19 crisis. Not the least of which are phone scams, where the caller will claim to be from a reputable organisation (phone companies, utility providers, banks, etc.) with the intent of tricking you into handing over personal information such as online banking details or other passwords. Some will even ask you to download software on your computer that gives them remote... access, at which point they can control your device and steal your personal information. What can you do to help prevent these scams? - Never download software at the request of an unsolicited caller. - Never share your personal or financial information such as passwords or security codes. - If in doubt, hang up. You can check is a story is real by calling the actual company on their advertised number. - If access has been given or transactions are made, immediately report it to your bank. - Report the scam to https://www.cyber.gov.au/acsc/report or phone the Australian Cyber Security Hotline on 1300 292 371.

11.01.2022 Expecting a tax refund this financial year? If you're wondering what you should do with the extra money, consider these ideas: - Cover some basic living expenses - Pay down high interest debt... - Build your savings - Invest for your future - Support local businesses If you have any related questions, feel free to give us a call on 02 6980 9000.

10.01.2022 A great retirement probably means something different to everybody. It could be, being able to rise in the morning knowing that you don’t have to clock on to work every day to make the money to pay your bills. To others it might be towing the caravan around Australia to see all the wonders of our great country or, when possible, flying to foreign countries to experience the diverse ways of life our world has to offer. As Rural Retirement Specialists we believe it’s about rec...ognising your own individual aspirations and putting a plan in place to assist you in meeting your unique financial & life goals. What you need to know: - the income you will need to live on & where it might come from - what capital you require for major purchases and to have as a safety net - when/at what age you wish to take the big step to retire There are ample resources available to help you get started with your planning. Refer to family or friends, people you know who have recently been through the same exercise, or on the internet, which has hours of informative reading. Sites such as moneysmart.gov.au, servicesaustralia.gov or any of the superannuation funds have caravan loads of information to start. However, we always recommend you seek professional assistance in making these major decisions as they can and generally do, impact government benefit, taxation, investment and estate planning matters. Give us a call on 02 6980 9000 or email [email protected] if you would like to discuss any of these matters.

10.01.2022 The current pandemic has many of us finding we have extra time on our hands. This is the perfect time to review your financial situation! Do you have a budget? If not, check out our post on budgeting below. There are many ways you can make a budget and just as many useful apps available that can help. You could also review your bank account for charges you may have overlooked and review your spending.... Want to talk to someone about how to meet your financial goals? We are a CovidSafe business offering meetings via phone, Skype, Teams and Zoom. No need to physically visit our office, just give us a call on 02 6980 9000. Budgeting post https://www.facebook.com/abfptemora/posts/2419211461693858

08.01.2022 It is an unfortunate reality that the current coronavirus situation has resulted in an influx of scams online. The video below sheds light on fake websites advertising tractor, motorbike and caravan sales. If you want to learn more about the kinds of scams to be aware of, you can visit the government website ScamWatch: https://www.scamwatch.gov.au//current-covid-19-coronavirus Be safe.

08.01.2022 For many, Christmas this year may look very different to most. It can be difficult enough to budget for Christmas, without an unprecedented global pandemic, and the mass job losses that followed. Here in Australia, we are on our way to economic recovery, however, many people are still wondering how their Christmas will look on a reduced budget. Here are our tips to ENJOY a frugal Christmas:... - Create a budget, and stick to it! - Start planning early like most things, if you prepare early, you’re less likely to feel overwhelmed. Start looking at your supermarket specials, grab those non-perishable food items to stock up for Christmas lunch/dinner early. - Ditch wrapping paper Christmas themed wrapping paper can cost between $2-$10 per roll (depending on your tastes), and will ultimately end up in the bin. Why not consider recycling leftover newspaper and give the planet a helping hand? - Consider a family gift exchange, rather than buying for every family member. - If you want to give individual gifts, why not make your own? Bath salts, candles, soaps, baked goods are all examples of easy to hand-make presents. - Similarly, why not GROW your own? Succulent cuttings are easy to propagate, and make for a thoughtful present. As Christmas draws closer, it is more important than ever to remember WHY we love to come together and celebrate. Our family and friends are precious, and our time with them even more so. If you're Christmas shopping, try to keep these tips in mind before you reach for the credit card.

08.01.2022 Capital Gain is when an asset has increased in value and is now worth more than when it was bought. If it is an investment asset (one owned to earn income), you could be liable for tax on that gain. Capital Gain is Unrealised when the asset has increased in value but has yet to be sold, and is Realised once the asset has been sold. For more terms and definitions of frequently used terminology, visit the link below to our blog post which we regularly add to. And if you have any related questions feel free to call us on 02 6980 9000.

06.01.2022 Last week, some Australian banks announced their COVID19 mortgage and small business loan relief will be extended for an additional four months. What does this mean? If you have been genuinely financially affected by COVID19 and have a mortgage or a small business loan, contact your bank to see if you may be eligible to have your loan repayments deferred for 4 months. Some banks already have loan payment deferral in place up to September 2020. This is an extension of that, bu...t is not automatic. If you already have loan deferral in place you will need to contact your bank again. For more bank relief frequently asked questions, visit https://www.ausbanking.org.au/covid-19-relief-faqs/.

06.01.2022 Did you know that if you're receiving a pension or other income support benefit you're able to update your Centrelink details such as assets and income directly? Due to the recent investment market volatility you may be entitled to a higher benefit payment. You can update your details by calling Centrelink, but you can avoid the long wait times by updating them online.... For instructions on how to update your income and assets details online you can visit https://bit.ly/centrelink-update-details. And if you have any related questions or would like some assistance you can give us a call on (02) 6980 9000.

05.01.2022 If you have more than one super account and are considering consolidating them into one, you should engage a financial professional BEFORE you transfer any accounts using ATO online services through myGov. Why? You should review which of your super accounts have personal insurances attached and a professional can help you determine which account is the best one for you to retain. Check out the video below from the ATO which discusses the conundrum of having too many superannu...ation accounts. And if you’d like to talk about your superannuation you can contact us on 02 6980 9000. https://youtu.be/4qn0CTZpcmI

05.01.2022 12 months ago you joined our team, gosh where did that time go? , from all the team at A&B Financial Planning.

04.01.2022 WE'RE HIRING! Full-time Client Services Officer/Paraplanner We're currently taking applications for a full-time Client Services Officer/Paraplanner.... Applicants must be well presented and be able to work effectively in a team environment or on their own. We pride ourselves on strong client relationships so good interpersonal skills are essential, as are strong computer skills in Microsoft Word and Excel. Experience in the financial services industry and in general office procedures are desirable but not essential. The opportunity for further advancement may be available to the successful applicant. To apply, please email your resume to: [email protected]. Applications close Friday October 30th.

04.01.2022 We're happy to confirm that, with the easing of COVID-19 restrictions, we are once again taking appointments at our office at 246 Hoskins St and our advisers are recommencing their visits to neighbouring towns. Whilst restrictions are easing, responsible social distancing and personal hygiene practices will and must be followed in all interactions between staff and clients. We look forward to catching up with you all, but if you prefer we can still be contacted by email at [email protected] or by calling us on (02) 6980 9000 during regular business hours.

04.01.2022 Our office at 246 Hoskins Street will be closed during the NSW Lockdown, from 8:30am Monday, 16th August, until the stay at home order is lifted. Despite these restrictions, the A&B Financial Planning team will still be available to assist you during regular work hours via phone or email. Stay safe

04.01.2022 We're happy to say we are officially COVID safe. We have a safety plan in place and are committed to keeping our staff, clients and community safe. You can provide CovidSafe related feedback for our business at https://www.nsw.gov.au/give-feedback-on-a-business

02.01.2022 The Australian Tax Office has received intelligence of fraudulent and dodgy tactics by people exploiting JobKeeper payments, early release of superannuation and business cash flow schemes. The ATO says these fraudsters are being put on notice and could face massive fines or gaol time. For more information visit: https://www.ato.gov.au//M/ATO-zeroes-in-on-COVID-19-fraud/

02.01.2022 Do you have leaks in your budget? Many of us have, at some point, looked at our bank account balance and thought "where has all my money gone?" From streaming service subscriptions, to your regular direct debits, to tap and go payments; all expenses add up and can sometimes come as a shock to us if they are left unmanaged. Some of the most harm can come when we are not aware of our spending habits.... Here are a few tips that may help keep your spending on track: 1. Stop tapping your card for every transaction; Payments made by tapping are not instantaneously debited from your account and will often remain pending for 3-5 business days. 2. Go back to basics: try a week of spending only cash. You might be surprised how reluctant you are to break a $50 note. 3. Keep a notebook and write down your transactions. Whether that be on fuel, bills or a coffee. Write it down, so you are able to more easily identify where those budget leaks are. If you have any related questions you can call us on 02 6980 9000.

01.01.2022 WE ARE HIRING!! Client Services Officer (Full time) A&B Financial PlanningTemora NSW... An experienced Client Services Officer (CSO) is required for our highly regarded financial planning firm that delivers impressive customer service to its clients. - Family-oriented and flexible culture. - Practice is located in the beautiful town of Temora in the NSW Riverina Area. - Positive team environment. You will be responsible for supporting our paraplanners and Financial Advisers by being a liaison for both our clients and product providers. Writing advice documents, as well as implementing strategies recommended for our clients. Maintaining client confidentiality is extremely important and good interpersonal skills are essential. We are looking for a person who: - has strong attention to detail. - Is passionate and has a strong work ethic. - Can work as part of a team or alone as needed. - Can work on numerous tasks at a time. - Is suited to our firm culture and has a client-centric approach. We would also consider an experienced Paraplanner. Modelling skills and experience with XPLAN would be highly regarded. We are not a volume-driven environment. The position is full-time, immediate start after the interview process. Commencing on a 3-month trial at award wages; you will also have the ability to progress your career within the business. To apply, please email your resume and your letter of introduction to: [email protected]. Applications close 5pm Friday 8th October 2021.

01.01.2022 There's a new phishing scam circulating that you should be aware of, that aims to capture your personal and banking details via fake websites. How does it work? - You will receive an unusual payment to your bank account.... - Someone claiming to be your bank or the sender of the funds will contact you via phone or SMS, asking you to return the funds to an account number. - You complete the payment via online banking. Those who've actioned these requests noticed further withdrawals to the same payee, by the scammers using their banking details. Financial institutions have processes for mistaken payments; they will notify you in writing (not a phone call from a number that may appear to be genuine). If you think you've entered your details into a fake website or have been asked to return a payment in error, reset your online banking password and call your bank immediately.