Abundant Advisory in Sydney, Australia | Financial service

Abundant Advisory

Locality: Sydney, Australia

Address: Level 6 201 Kent Street 2000 Sydney, NSW, Australia

Website: http://abundantadvisory.com.au/

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24.01.2022 Having all your money invested in the property or share market might be a good idea if those markets do well. If they dont, you might have been better off having it in cash. But which one do you choose? Ensuring your portfolio is diversified across various asset classes can help ensure you arent putting all your eggs in one basket. This way you can participate in long term growth, whilst having some protection when the waters get rough. Diversification has always been one... of the best tools in your kit to reduce major swings in your investments, especially in times of economic turmoil. #abundantadvisory #diversify #investing

24.01.2022 Was income good this year and you can see yourself paying the tax man more than normal? If you have an investment property, you might consider paying your investment loan interest for the next 12 months in advance prior to 30 June, to bring forward an additional tax deduction this year. This might be a particularly good strategy if you dont expect your income to be as high next year.... Make sure you discuss with your accountant or financial adviser to understand if this might be of benefit to you! #taxdeduction #abundantadvisory #financialplanning

23.01.2022 Are you making sure that the lifestyle you want to have now is still the lifestyle you can afford tomorrow? https://www.abundantadvisory.com.au//two-common-cash-flow-

23.01.2022 EOFY WEEK Tip # 4 Did you know that you only pay 15% tax on the income you salary sacrifice into super but pay up to 47% tax when you have this income paid out to you? Why dont you consider salary sacrificing some of your pay each pay cycle now and start building your nest-egg for passive income in retirement, while also reducing your income tax payable each year? #abundantadvisory #financialplanning #retirementplanning #salarysacrifice #dollarcostaveraging #paylesstax #passiveincome

23.01.2022 The Federal Government has announced an extension to the JobKeeper payment until 28th March 2021. The payment is set to reduce in September 2020, and then further in January 2021. There will also be updated assessment for eligibility. Visit the Abundant page at the link below for further detail.... https://www.abundantadvisory.com.au//extension-to-jobkeepe See more

21.01.2022 COVID-19 has resulted in changed work conditions for many over the past few months. The ATO has released a guide of expenses you can claim if you have had to work from home. See below and speak to your accountant to ensure you claim any deductions you are eligible for.... The ATO has released a guide of expenses you can claim if you have had to work from home. See below and speak to your accountant to ensure you claim any deductions you are eligible for. #taxdeductions #abundantadvisory https://www.ato.gov.au//suppo/employees-working-from-home/

21.01.2022 EOFY DEADLINE! Have you been thinking about boosting your super? Or how about an extra tax deduction? You can now catch up on tax deductible contributions to super that you didnt make in the previous financial year. This could mean a big boost to your retirement savings, and a very significant tax deduction. ... Some rules do apply, so get some advice before acting to ensure you qualify! #abundantadvisory #EOFY #superannuation #taxdeduction #financialplanning

19.01.2022 A redraw facility attached to your home loan is a great feature that allows you to call on extra home loan repayments youve made in the past. If you dont need to use it, youll probably be on track to pay off your home well before the loan term. But is there a better way? If you are planning on using those extra savings/repayments again in the future, maybe an offset account may work for you? An offset account is simply a transaction account linked to your home loan, wher...e every dollar offsets the interest on your mortgage. You can direct savings into this account, and as the balance grows, it helps to reduce the amount of interest your bank charges on your home loan. This may also provide some benefits if you plan to convert your home into an investment property in the future. Always talk to your lender or adviser about how you can find the right structure to make inroads into your mortgage, whilst planning for your future at the same time! #abundantadvisory #offset #homeloan #financialplanning

19.01.2022 Happy International Chocolate Day! Fun Fact: Did you know 2 of the 3 biggest chocolate companies are privately owned? The Mars and Ferrero families knew they had the answer to the last minute valentine's gifts or the must have afternoon sugar hit.... Judging by the staple that chocolate has become in our lives, perhaps it is a necessary evil in not only your belly but also your portfolio!

18.01.2022 Many have heard about negative gearing, but what about positive gearing? This involves borrowing money for an investment and have the investment earnings outweigh the costs. Sounds pretty good right? Earnings can be used to cover the cost of the investment or provide you with regular passive income, which is helpful should your employment income be impacted by an unforeseen event like a pandemic or negative health event This said, remember this will also create a higher amount of taxable income, so it is worthwhile to build a structured plan on how such a strategy can remain tax efficient and work for you. #abundantadvisory #financialplanning #taxefficientinvesting #positivegearing #passiveincome

18.01.2022 EOFY WEEK Tip # 2 Everyone is looking for ways to reduce their income tax each year. Some will buy depreciating assets, like a car, on novated lease. But did you know that you can boost your spouses super while also reducing your income tax each year if they earn less than $40,000 a year? #abundantadvisory #financialplanning #financialadvice #spousecontribution #incometax

16.01.2022 Dont know when to jump into the market? Dollar cost averaging is a great way to avoid bad timing. Rather than investing one lump sum of money, making smaller regular investments can help you ride out a downturn in markets, and take advantage of buying in low to benefit as the market recovers. This can help take the emotion out of investing and get you more confident as you dip your toes in!... #financialplanning #abundantadvisory #investing

15.01.2022 Whichever side of the fence you sit on when State of Origin rolls around, you have to admire Jonathan Thurston's financial discipline. It is so often you hear professional sports player's going broke after year's of eye watering earnings. Thurston obviously had some good influence's early in his career. Good structure and consistency foster's good behaviors and better outcomes.... https://www.news.com.au///8163da3121b9b52e625c497c3998a04d

13.01.2022 We hope you all enjoy the holiday with your families that you are holed up with!

12.01.2022 When was the last time you checked if your bank was giving you the best rate on your mortgage? Negotiating your rate with your lender could lead to thousands of dollars saved, and years off your mortgage. Its unlikely they will call to proactively save you some money, so make sure you are checking in every 1-2 years to make sure you are still getting a good deal. #mortgage #interestrates #homeloans #financialplanning #abundantadvisory

11.01.2022 Happy New Financial Year! The last one through up a few curveballs and will be one to remember. Take this opportunity to revisit your purpose, and get a strategy in place to help you start ticking off some of your big life goals!

11.01.2022 Do you feel like the word budget is a dirty word? What about if you called it a spending plan? It is much more empowering to create a plan that allows you to spend your money.... Its the new financial year, time to take control of your financial situation! #abundantadvisory #spendingplan #budget #financialplanning

11.01.2022 The New South Wales government yesterday announced temporary adjustments to stamp duty for certain first home buyers (FHBs) as part of its COVID-19 recovery plan. Under the changes, no stamp duty will be charged on new homes for FHBs below $800,000 in value, up from the former $650,000. Stamp duty relief will also apply, on a scaled basis, to newly built homes valued between $800,000 and $1 million, as well as to vacant land worth up to $400,000. Reach out to the team at Abun...dant if you have any questions. https://www.nsw.gov.au//big-boost-for-first-home-buyers-an

10.01.2022 Some great feedback on the length's Abundant co-founder Tim goes to achieve amazing outcomes for his client's.

09.01.2022 Looking to inject some life back into your superannuation balance before the end of financial year? Depending on how you choose to invest your super, you may have noticed that COVID-19 has impacted your bottom line. The good news is that if retirement isnt tomorrow, time is on your side to get your superannuation growing again with the benefits of compounding interest. Depending on how much you earn, the government can chip in with a boost to your balance every time you ...make a voluntary after-tax contribution. If you earn less than $53,564 this financial year, the government contribution can be up to 50 cents in the dollar, to a maximum of $500. So, if an eligible individual were to contribute $1,000, you could effectively enjoy a guaranteed return of up 50%, paid by the government. Not a bad return on investment in these times! #financialplanning #cocontribution #super #superannuation #abundantadvisory See more

09.01.2022 Holidays? What are they?? Whilst COVID-19 has put the brakes on travel for the moment, you might want to start getting a plan in place to make sure youll be sipping cocktails at sunset when its all over. Putting aside some money into an adventure fund on a regular basis will make it much easier to get to that dream location, rather than having to find the cash for those flights and your dream hotel in one go.... Get that travel fund sorted, and youll be jet setting before you know it! #financialplanning #precovid19 #postcovid19

08.01.2022 If you or a loved one needs to have their estate planning updated urgently during the COVID-19 pandemic, witnesses can currently witness documents via video call apps such as Zoom, FaceTime, Skype and WhatsApp under temporary legislation approved by the NSW Attorney General. We would recommend speaking with an estate planning specialist if you need some help, and the team at Abundant can direct you if you have any queries. https://www.nsw.gov.au//covid-19-video-tech-for-witnessing

07.01.2022 Negative gearing is a term that many of us use, but more seem to fail to properly understand. Put simply, negative gearing is borrowing money to invest and earning from the investment less than what is needed to cover its expenses. Hold on...so this means it involves losing money? Do you really want to be losing money on an investment just for an extra tax deduction, and is there enough money available in your budget to cover the loss? It is therefore important to understand the purpose behind your decision to invest so you dont inadvertently derail your ability to grow your wealth. Equally important is the quality and type of investment and its ability to grow over time, whilst also knowing when the time is right to stop negative gearing. #abundantadvisory #investinquality #reviewyourinvestmentstrategy #negativegearing

07.01.2022 Today we remember those who made the ultimate sacrifice. Lest we forget.

06.01.2022 EOFY WEEK Tip # 1 Did you know that you can get a super top-up from the government of up to $500 when you make a personal voluntary contribution to super if you earn less than $53,564 a year from your job or business? #abundantadvisory #financialplanning #super #topup

06.01.2022 New financial year, new savings goals! Saving small amounts of money on a regular basis can accrue to a new car, the deck you wanted or that weekend away. Set a regular amount each pay to create a culture of saving.... Investing those in a managed fund or some blue chip shares can help accelerate your goals over the years. Be sure to get some advice or do some research to find the right option for you! #financialplanning #saving #abundantadvisory

05.01.2022 If you have been thinking about investing a one-off lump sum of money or whether you should continue investing regularly check out the below graph from Vanguard that illustrates the power of regular investments. Getting caught up in 'the right time to invest' and 'only buying when it is cheap' can have you sitting on the sidelines for a long period of time. Committing to a lifetime of investing and building wealth accumulation into your cashflow will help you create long term value in your investments that can allow you to live the life you want, and/or leave a legacy that you can be proud of.

04.01.2022 EOFY WEEK Tip # 5 Did you know that investment earnings on your superannuation fund are only taxed up to 15%? This may be lower than the tax you have to pay on earnings you receive from investments you have outside of superannuation, including the interest you earn from your savings account. Why not speak to your financial planner now to see if making after-tax contribution to super fits into your overall financial plan. #abundantadvisory #financialplanning #retirementplanning #aftertaxcontribution

03.01.2022 Friday feels ahead of a long weekend!

03.01.2022 R U OK? The past 3 months has been particularly challenging for those in lockdown, with the backdrop of a difficult past 18 months. If you have taken the time to ask a friend, family member, colleague or neighbor if they are ok, take the time to do so.... It may be a conversation that brightens a day, unloads a burden or saves a life. See more

02.01.2022 Whether some extra time at home or opportunities due to market volatility, first time investing has taken off. Unfortunately, not everyone understands their tax obligations. Capital gains, distributions and dividends (reinvested or not) need to be declared as income. The ATO are cracking down on this year, so be aware of your obligations if doing your own tax, and ensure you provide information about a of your investments if using an accountant. https://www.google.com.au//ato-signals-crackdown-on-first-

02.01.2022 EOFY WEEK Tip # 3 You should not neglect your retirement nest-egg in super regardless of your age or life-stage. Why not consider setting aside any extra income or savings you have now and get a tax deduction? #abundantadvisory #financialplanning #retirementplanning #taxdeductiblecontribution #taxdeductions #paylesstax #retirementincome

02.01.2022 Taking the time to understand how your money is invested can have a huge impact on the growth of your investments over the long term. The proportion of growth assets (shares and property) to defensive (cash and fixed interest) really depends on your goals and timeframe. A higher degree of growth assets can mean higher returns, but larger falls during major economic events, such as COVID-19.... The key is to having the time to let market cycles work through, and thats why its important to take your investment timeframe into consideration when setting your asset allocation strategy. Let us know if need some help getting your asset allocation right! #abundantadvisory #assetallocation #financialplanning #investing

01.01.2022 We have had a number of enquiries about whether you should sell out of investments in your super, or investment portfolios, that have fallen as a result of the Coronavirus. Making knee jerk reactions to short term volatility, for investments such as super, which will be invested for potentially many years to come, can have significant impact on your long term financial well being. See below a link to a short video of Morningstar Global Chief Investment Officer, Daniel Needha...m, talking about the importance of staying invested in volatile times. It provides some great insights into their take on staying the course and potentially finding opportunities in volatile times. https://www.morningstar.com//the-importance-of-staying-inv

01.01.2022 ANNOUNCEMENT In response to impacts the coronavirus (COVID-19) is having on the economy, the Australian Government has taken steps to launch an unprecedented $66 billion stimulus package to support individuals and businesses through this period. A brief summary of the key measures announced:...Continue reading