The Financial Advice Shop Canberra in Dickson, Australian Capital Territory, Australia | Financial planner

The Financial Advice Shop Canberra

Locality: Dickson, Australian Capital Territory, Australia

Phone: +61 2 6172 1444

Address: 5/30 - 36 Woolley Street 2602 Dickson, ACT, Australia

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

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25.01.2022 Is $1,000,000 In Superannuation A Realistic Expectation For The Average Australian? While $1,000,000 may initially seem an extravagant goal, it is a goal worth seriously thinking about as part of your 2021 New Year’s resolution. ASIC has a calculator to help you work out what might be possible for your superannuation and retirement if you commit to making voluntary contributions.... https://moneysmart.gov.au/how-sup/superannuation-calculator HOT TIP: If you have or are aiming to have $1,000,000 in your superannuation when you retire and want to explore financial advice and low cost superannuation options, we are an organisation you should talk to! www.financialadviceshop.com.au #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementgoal #superannuationgoal #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

25.01.2022 The Grattan Institute report "Money In Retirement - More Than Enough" paints a picture for retirees that seems disconnected from the real world. If you believe the report, the super system is serving Australian's so well that its generosity needs to be significantly scaled back? Imagine a world where pre-tax contributions were limited to $11,000 per year and after tax contributions were subject to a $50,000 per year/$250,000 lifetime cap! With $17.5 billion currently in los...t super, it seems a lot of Australian's are not taking their super very seriously and this is probably because they see it as a gift as they don't make any additional contributions to super themselves. If they sought advice and made some additional contributions at an appropriate time and in the most effective way, the outcomes could be so much better. Perhaps there is merit in linking future super concessions like increasing super guarantee from 9.5% to 12% (opposed by the Grattan Institute report) with a mandatory requirement for members to have to make additional super contributions to gain the additional entitlement from their employer? This might improve member engagement with their super and further reduce the reliance on the Age Pension in the future? https://grattan.edu.au//2018/11/912-Money-in-retirement.pdf www.financialadviceshop.com.au

24.01.2022 After the sharp share market sell off in October, a natural next question is "what do the experts think will happen next?" The following link will take you to an article from AMP that shares their views: https://www.ampcapital.com//Corrections-gummy-bears-and-gr We all have choices and options so make sure you take an interest and choose wisely....... Always seek financial advice from your financial adviser before making investment decisions. www.financialadviceshop.com.au Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

24.01.2022 The Power Of Regular Superannuation Contributions For Those Nearing Retirement Should Not Be Underestimated! As an expert in retirement planning for the over 50’s, we know superannuation contributions are a very important long term strategy. Sadly, many do not fully optimise the opportunity because they do not seek financial advice. HOT TIP: If you or someone you know are not optimising their superannuation opportunities, some financial advice might be good value!... www.financialadviceshop.com.au #financialadvice #superannuation #financialadvicecanberra #retirementplanning #financialplanning #financialplanners #superannuationadvice #financialadvisers #retirementadvice #retirementincomeplanning #financialadviceshop Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

24.01.2022 The Financial Services Royal Commission Interim Report will likely trigger many financial services business to consider making massive changes to their business models and partnering arrangements in order to ensure they seen to be acting in the client's best interests. For others it will be business as usual..... https://financialservices.royalcommission.gov.au//interim-... www.financialadviceshop.com.au #financialservicesroyalcommissioninterimreport # financialservicesroyalcommission

24.01.2022 Is The Franking Credit Policy Fiasco In Need Of A Serious Rethink? There is no doubt some refinements to this policy proposal are required.. Whenever a policy proposal is described as targeting the wealthy but the reality is that it affects everyday people, there is clearly some further work to do to make it fair and get the majority on board.... The solution to making the proposal fair and reasonable is potentially quite simple. Introducing a reasonable threshold for the refund of excess franking credits of say $10,000 p.a. would be a great start and most people would probably be very happy with that approach. The wealthy, as we know, are quite capable of reorganising their investments to minimise the effects of all sorts of tax policy but the not so wealthy are not quite so lucky. Should we be planning for some common sense to apply to this policy? Probably not but I live in hope.. www.financialadviceshop.com.au #frankingcredits #frankingcreditpolicy #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialplanningcanberra

24.01.2022 APRA's latest data associated with COVID-19 early release from superannuation: payments now total $10.6 billion to 1.41 million applicants and the payment process seems to be running reasonably smoothly. I wonder what all this cash is being used for? Thoughts? There have been a total of 1.59 million applications received to date so there are more payments to be made....... For all of the latest details, click on the link below: https://www.apra.gov.au/covid-19-early-release-scheme-issue #earlyaccesssuperannuation #earlyaccesstoyoursuperannuation #financialadvice

24.01.2022 If You Know Someone Who Doesn’t Pay Off Their Credit Card In Full Each Month, The Following Might Be The Trigger To Shock Them Into Action! Imagine an average person being told they can save $251,391,585.58 on a $5,800 balance if they pay off their credit card on time rather than making minimum monthly payments. When I saw this figure I was shocked! Everyone will have heard of the benefits of compound interest and how powerful it is. This example shows how powerful compound i...nterest is for a bank and how disadvantageous it can be for an individual who owes money. The banks put a lot of important information on their credit card statements but does anyone read the information? They should! What would you do with an extra $251m? Buy a Van Gogh? HOT TIP: High interest debt is bad! www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #creditcarddebt #creditcardinterest #baddebt #compoundinterest #financialadvice

23.01.2022 Wishing everyone a very Merry Christmas. http://www.financialadviceshop.com.au/

23.01.2022 What is the outlook for investment markets in 2018. The link below will take you to an article from AMP and their views: https://www.ampcapital.com//oliver's%20insig/outlook_2.pdf Some of the things to keep an eye on include: the risks around Trump; inflation, the Fed and the $US; bond yields; the Italian election; China; and Australian property prices.... www.financialadviceshop.com.au

23.01.2022 As The Sun Sets On A Roller Coaster Year For Share Markets, Does Anyone Really Know What Tomorrow Will Bring? It's a tough question and in the short term it really is guesswork. The article below from AMP looks at the year just passed and shares their thoughts on what the future may hold.... https://www.ampcapital.com//oliver/2020/july/OI-080720.pdf #sharemarkets #financialadvice #retirementadvice #investments #retirement www.financialadviceshop.com.au Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

23.01.2022 Surging Share Markets While Economies Are Imploding: What On Earth Is Going On? The reality is that nobody really knows with 100% certainty and only time will tell whether share markets are currently overvalued, undervalued or appropriately valued. HOT TIP: It is always an excellent idea to have a plan B for when things do not go to plan or for when things go too well. If in doubt, seek advice from a financial advice professional as soon as practical.... www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #superannuationrisk #financialadvice #superannuationadvice #sharemarketpanic #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

23.01.2022 If you have been wondering what baby names are currently the most popular, some research with the answers is only a click away... https://2qean3b1jjd1s87812ool5ji-wpengine.netdna-ssl.com// Hot Tip: Having a child and selecting their name is an important decision. So are a range of other things that should be reviewed and reconsidered when there is someone new joining the family.... #babynames #financialadvice

23.01.2022 Should The Law Require Superannuation Providers To Contact Their Existing Members To Advise When They Release Improved Products? As shown in the latest Productivity Commission Inquiry Report "Superannuation: Assessing Efficiency and Competitiveness" there still seems to be plenty of room for improvement when it comes to superannuation. In recent years, the cost of investing in superannuation has been falling but unless investors actively review their superannuation fees they ...Continue reading

22.01.2022 Is Salary Sacrifice For CSS and PSS Members Still Possible? Be very sceptical of those who make blanket statements that the new superannuation rules mean all CSS and PSS members can no longer salary sacrifice to super. While the whole issue is a little complex, it is a simple exercise to determine how much of your $25,000 concessional contribution is taken up by your CSS or PSS membership.... HOT TIP: The need for honest and practical financial advice has never been greater, so contact The Financial Advice Shop without delay to see if we can assist with a cost effective Financial Advice Health Check to ensure you understand all of your future superannuation contribution and investment options. www.financialadviceshop.com.au #superannuationcanberra #financialadvice #financialadvicecanberra #financialplanner #financialplannercanberra #financialplanningcanberra #retirementplanningcanberra

22.01.2022 In Good Times And In Bad, A Little Wisdom From The Experts Might Make All The Difference! When it comes to investing, there are a number of basic principles that can potentially assist in making the experience a more successful one. At The Financial Advice Shop we believe that wisdom is potentially a very important factor in successful long term investing and so do the experts. To learn more, take the time to read the following article:... http://davisadvisors.com/davissma/downloads/WGI.pdf ABOUT THE FINANCIAL ADVICE SHOP: We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50’s with a specific focus on strategy and cost effective long term investment solutions. www.financialadviceshop.com.au #independentfinancialadvice #financialadvicecanberra #financialplannercanberra #financialadvisercanberra #independentfinancialadvicecanberra Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

21.01.2022 With Interest Rates Heading To Hysterical Lows, Do You Know Someone Who Is Starting To Wonder If They Will Survive Retirement? People often ask how much money will I need in superannuation for my retirement. The answer, as you would expect, needs to be considered very carefully as there are many personal factors and variables to take into account. A hypothetical place to start the planning process is to aim to own your home, be debt free and have superannuation investments... that exceed the current maximum amounts for a part Age Pension: $863,500 for a couple or $574,500 if you are single. If you have the good fortune to have an entitlement to a Defined Benefit Superannuation pension, it is an extraordinary advantage but it is not always enough in its own right. If you would like to model your situation to see what income might be possible in retirement, visit ASIC’s Money Smart website and put your assumptions into one of their calculators: https://www.moneysmart.gov.au//income-sources-in-retirement We know from experience that to have the best chance of enjoying retirement you cannot afford to make mistakes along the way. In a world of falling interest rates, if you are intending to rely on cash returns to sustain you through a long and enjoyable retirement, you may well need to think very carefully about your strategy. HOT TIP: In a constantly changing world, the need for sound financial advice has never been greater so perhaps it’s time to seize the moment and seek an independent review of your current situation with a trust professional to See What’s Possible! Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns. www.financialadviceshop.com.au #retirementplanning #retirementincome #financialadvicecanberra

21.01.2022 Ever Wished You Could Get A Glimpse Of Your Future To See How Well You Will Survive Retirement? Recently released Life Expectancy Tables dated 30 October 2018 from the Australian Bureau of Statistics (ABS) paint a thought provoking picture for many Australians. For those who do not plan diligently for their retirement, their only hope might be that they do not live so long that they run out of money! A summary of some key points from the 2018 ABS information are as follows:... Age 45: Males can expect to live on average for just under 37 years and females just over 40 years Age 50: Males can expect to live on average for just over 32 years and females just under 36 years Age 55: Males can expect to live on average for just under 28 years and females just over 31 years Age 60: Males can expect to live on average for just over 23 years and females just under 27 years Age 65: Males can expect to live on average for just over 19 years and females just over 22 years Spend a few moments thinking about how much income you might need in retirement. Then have a think about how much superannuation you might need to survive retirement and how much you need to save to achieve it. Finally, click on the following link to run some numbers that are specific to you and make sure you think about investment fees as they can make a huge difference to your retirement outcome. For many, this task will prove useful and may hopefully spur you into action! https://www.moneysmart.gov.au//super-and-retirement-calcul www.financialadviceshop.com.au #retirementplanning #financialadvice #financialadvicecanberra #retirementplanningcanberra #retirementincome Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

21.01.2022 When It Comes To Planning For Your Retirement, As NASA would Say: Failure Is Not An Option! Sadly, many will fail to plan properly or will start planning too late and they will not achieve their best outcome. Some will not even bother to make an effort a all. The reality is that being successful requires effort and the sooner you start, the better off you are likely to be.... The ASIC calculators are a great place to start planning. They don’t provide all the answers but they are useful. https://moneysmart.gov.au//account-based-pension-calculator HOT TIP: When making investment and retirement decisions, make sure you understand and accept the risks you are taking. If in doubt, seek advice and form a relationship with an experienced financial advice professional as soon as practical. www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

21.01.2022 It’s Time For Public Servants In The CSS And PSS To Take Notice Of The Latest Superannuation Changes! The new superannuation changes take effect from 1 July 2017 and for members of some defined benefit superannuation schemes these changes are significant. For members of the Commonwealth Superannuation Scheme (CSS) and the Public Sector Superannuation (PSS) Scheme things are about to change significantly, and for the worse. Currently the unfunded portion of employer contribut...ions to the CSS and PSS for contributing members are ignored for the purpose of determining their Concessional Contribution Cap, but that is about to change! From 1 July 2017 a notional employer contribution for CSS and PSS members will be reported to the Australian Taxation Office and with the associated reduction in the annual Concessional Contribution Cap to $25,000, salary sacrifice contributions may need to be scaled back significantly. For members of the CSS and PSS, the calculation to determine the maximum amount that can be salary sacrificed to superannuation is about to become more complicated. CSS and PSS members who are currently maximising their salary sacrifice entitlements will also need to account for the fact that their last payday for this financial year falls on 29 June 17. There is therefore a real risk that the last salary sacrifice payment from this financial year may be received by their superannuation after 30 June and count towards next year’s concessional contribution cap of $25,000. With all of this complexity, isn’t it great to know that our business, The Financial Advice Shop, has experts available to help you make sense of all this and can provide assistance where required. If you feel you might benefit from a Financial Advice Health Check in preparation for the latest round of superannuation changes that commence on 1 July 2017, contact us without delay. In a complex world, there has never been a better time to contact us to see how your financial situation could be improved. http://www.financialadviceshop.com.au/latest-superannuation

19.01.2022 Are Expectations For A Successful COVID-19 Vaccine Creating A Share Market Bubble? There is an enormous amount of money and research effort being applied globally to a long list of promising COVID-19 vaccine candidates. There is also a lot of hope a few of those vaccine candidates will be successful. Additionally there is a very large logistical challenge for Government's to gain access to and vaccinate people in large numbers if any of the current COVID-19 vaccine candidates... are approved for use. Perhaps it will all have a fairy tale ending. Perhaps it will not? https://www.health.gov.au//australias-covid-19-vaccine-and www.financialadviceshop.com.au HOT TIP: Nobody knows with any certainty what the future holds so when making investment and retirement decisions, make sure you understand the risks you are taking and accept the outcomes you may experience. If in doubt, seek advice and form a relationship with an experienced financial advice professional as soon as practical. Stay Connected | Stay Informed | Stay Safe #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser #financialadviceshop #covid19vaccine #covid19 Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

19.01.2022 Can Superannuation Survive In Its Current Form? Hopefully Superannuation Does Not End In Ruins. Superannuation might look very different after 6 October 2020 when the Government hands down Its delayed Budget. Share your thoughts on what you think might change or things that should not change. ... I suspect superannuation will not survive in its current form as the Government makes desperate moves to increase tax revenue. I expect there could be reductions to contribution limits, the $1.6m transfer balance cap could be reduced, allocated pension accounts could lose their tax free status, allocated pension payments could become partially taxed, and/or the tax on superannuation account earnings or lump sum withdrawals could be increased. If the Government does attack superannuation in the 6 October 2020 Budget it will be very negative for the future success of the superannuation sector. Fortunately there is time to plan and take action ahead of the October Budget to attempt to pre-empt some possible changes to superannuation. www.financialadviceshop.com.au #superannuationreform #financialadvice #superannuationadvice #retirement #financialplanning #retirementplanning #superannuation Stay Connected | Stay Informed | Stay Safe

18.01.2022 Financial Advice: What Consumers Really Think? ASIC’s recently released report into what consumers really think about financial advice has been causing some discussion in financial planning circles but the report findings do not really reveal anything new or remarkable. If you would like to read the ASIC report or review the key findings, the report is available via the following link:... https://download.asic.gov.au//rep627-published-26-august-2 Unfortunately, with rapidly increasing regulation, compliance costs and the desire by a number of financial advisers to distance themselves from large institutions so as to achieve greater autonomy, consumers may find it more expensive to see a financial adviser in the future and they may also find it harder to find a financial adviser who is seeing new clients. This is a very disappointing outcome as it is likely that a greater percentage of consumers in the future will not be able to receive the financial advice that they really need. At The Financial Advice Shop, we have always found that the very best way for a consumer to find a financial adviser they can trust and for us to find a new client who will fully appreciate our capabilities, is via a referral from someone they know and trust and someone who also trusts us. www.financialadviceshop.com.au

18.01.2022 We Will Be Learning To Live With COVID-19 For The Foreseeable Future And So Will Your Investments. The wait for a vaccine is going to be a very frustrating period due to fear, social restrictions, ongoing COVID-19 outbreaks, travel restrictions and share market volatility. We should however not lose sight of how fortunate the Australian situation is when compared to the rest of the world. The key to surviving the COVID-19 epidemic will involve patience, tolerance, compliance..., making sensible decisions, considering others and seeking help if it all gets too much. We will get through this but it is going to take some time. If you are currently worrying about money, you are definitely not a client of The Financial Advice Shop. Our clients have been expecting share market uncertainty like this for quite some time and have a strategic options to take advantage of the investment opportunity as it unfolds. HOT TIP: Information overload and unreliable information make it difficult to make sensible decisions when there is uncertainty and too much information to analyse. It is difficult to know what you don’t know and the decisions and actions you take today could make a significant difference to your financial future. If you looking to establish a long term relationship with a trusted financial advice professional, contact The Financial Advice Shop to see what’s possible! www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #retirementplanning #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #sharemarketpanic #retirementadvice #financialplanning #superannuation #financialadviser #investmentplanning

18.01.2022 The Covid-19 Covidsafe app is now available for download and registrations can take place after 6pm today. The Covidsafe app presents an interesting dilemma involving concerns over privacy versus the opportunity to potentially save lives and see Australia more quickly get back to a more normal level of everyday activities. Everyone is free to make their own judgement but to be effective the uptake percentage for the app is very important. ... I'm onboard and will be downloading and using the app. #covidsafeapp

17.01.2022 APRA has released the first round of data associated with COVID-19 early release from superannuation and four superannuation funds made up 45% of all withdrawal applications received. https://lnkd.in/gUxfRhm #earlyaccesssuperannuation #earlyaccesstoyoursuperannuation #financialadvice... www.financialadviceshop.com.au

17.01.2022 EASTER: The only time you can safely put all your eggs in one basket! At all other times you should consider seeking trustworthy advice from a leading independent financial adviser... www.financialadviceshop.com.au

17.01.2022 We have just published a summary of the latest Budget changes on our website which can be accessed via the following link: http://www.financialadviceshop.com.au/latest-budget-summary Please feel free to share the link with anyone else you think might be interested in the content.

17.01.2022 There has never been a more important time to download the CovidSafe App! If you have not yet downloaded the CovidSafe App, it's time for you to do your bit to help keep Australia safe over the Christmas and New Year break. https://www.health.gov.au/reso/apps-and-tools/covidsafe-app... #covidsafe #covidsafeapp #covid19protection

17.01.2022 Make 2019 your year to shine and let the journey begin. Once you know where you are and have decided where you need to be, you can then determine how to best to get there and what support you might need.... www.financialadviceshop.com.au... #2019NewYearResolution #financialadvicecanberra #financialplannercanberra #financialadvisercanberra #financialplanningcanberra #financialadvisorcanberra

16.01.2022 Why Money Matters And Advice Matter! Apparently two in five Australians with at least A$1 million of investable assets say they worry about money at least monthly. https://www.fidelity.com.au//investme/the-value-of-advice/... If this is true, there are clearly a lot of Australians who need a quality financial adviser and a long term strategy they can have confidence in. www.financialadviceshop.com.au #financialplanning #retirementadvice #financialadvice #investmentadvice

16.01.2022 The Latest Early Access To Superannuation Numbers Have Been Revealed! The latest figures indicate 950,000 requests for early access to superannuation due to Coronavirus have been received, representing total withdrawals of ~$7.9 billion. This seems to be far more than originally anticipated and could even put a little bit of short term pressure on our share market? It will be interesting to see what the average payment time is and which super funds are slow payers. It will ...also be interesting to see if any of those requesting early access to their superannuation felt they needed financial advice to support their decision. Visit the Australian Taxation Office web page for further information. https://www.ato.gov.au//withdr/early-access-to-your-super/ #covid19superannuationaccess #earlyaccesssuperannuation #earlyaccesstoyoursuperannuation #covid19superaccess #financialadvice #accesssuperannuation

16.01.2022 Did You Know That The $1.6m Transfer Balance Cap Might Be Indexed To $1.7m This Year? Indexation of the General Transfer Balance Cap from $1.6 to $1.7 million will occur on 1 July 2020 if the All Groups CPI figure for the December 2019 quarter is 116.9 or higher. If indexation does not occur on 1 July 2020, it will likely occur on 1 July 2021. https://www.ato.gov.au//Indexation-of-Transfer-balance-cap/... The implications of the indexation for individuals and their retirement planning will depend on their situation. For some it will represent an opportunity, for others it may mean no change at all. HOT TIP: You should not underestimate the valuation amounts applied to some defined benefit pensions such as CSS, PSS, DFRDB and MSBS for the purpose of the Pension Transfer Balance Cap. If in doubt, seek advice from an expert sooner rather than later. www.financialadviceshop.com.au #trasferbalancecap #financialadvice #retirementadvice #cssfinancialadvice #cssretirementadvice #dfrdbfinancialadvice #dfrdbretirementadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra

16.01.2022 If you have been wondering about the chances of a property market crash, the following article might be worth a read.... https://www.ampcapital.com//oliver's%20insights/housing.pdf

16.01.2022 Just as in nature, there are times in your professional career, in business or in your personal life where your environment is subject to change which is outside of your control. From my experience there are often only two real options: adapt or do nothing and risk extinction. The following is a quote that I like and often draw motivation from: ... It's not the strongest of the species that survives, nor the most intelligent. It is the one most capable of change. Charles Darwin 1809 1882 Sometimes we forget life is simply an adventure but you do need to get involved and take an interest.... www.financialadviceshop.com.au #favouritequote #financialadvicecanberra #thefinancialadviceshop #adventure

15.01.2022 Coronavirus (COVID-19) And Early Access To Superannuation From 20 April 2020 the Australian Government is allowing early access to superannuation savings for people affected by Coronavirus (COVID-19). If eligible, individuals can apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020, and a further $10,000 from 1 July 2020 to 24 September 2020. https://www.ato.gov.au//withdr/early-access-to-your-super/... There is plenty of discussion about why it might be a bad idea to access superannuation early but for anyone with high interest debt or an urgent need for cash it might be a very simply decision that can be based on some common sense and potentially create long term financial advantage if financial discipline is established for the future. Consider the hypothetical example of someone who has a $20,000 credit card debt with an interest rate of around 20% p.a. If they leave their super account intact, one thing they may need to consider is whether they are confident their superannuation will return anywhere near 20% p.a. on a continuing basis into the future? Of course, there are many other things that need to be considered and ASIC has published additional information that must be considered before making any decisions. https://moneysmart.gov.au/covid-19/accessing-your-super It seems there may be many Australians who have high interest debt or an urgent need for cash and should consider if they could potentially benefit from the early access to superannuation that the current Coronavirus epidemic presents. As always, the devil is in the detail so never make an investment decision without considering all the options and always seek appropriate advice from a licenced professional when required. HOT TIP: Beware of scams asking for a payment in return for assistance to access super early. You only need to visit myGov to start the process. financialadviceshop.com.au #coronavirus #coronavirussuperannuation #earlyaccesstosuperannuation #coronavirussuperannuationaccess #earlyaccesssuperannuation #superannuationscams Disclaimer: The information in this post is of a general nature only, is incomplete in the views expressed and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

15.01.2022 Has Consumer Engagement, Financial Behaviour And Motivation Changed Due To COVID-19? A recent 2021 report by KPMG notes that successful organisations will be ones that master the balance of investing in continually understanding and evaluating their customers’ needs, context and preferences, while refining how and where these needs are met and served in a way that makes economic sense for the enterprise. The report by KPMG titled Me, My Life, My Wallet is available via the fo...llowing link: https://assets.kpmg///pdf/2021/02/me-my-life-my-wallet.pdf HOT TIP: To be successful in business it is important to anticipate changing consumer needs and adapt service offerings accordingly to stay relevant. #money #superannuation #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #moneymanagement

15.01.2022 With the Christmas break fast approaching, we would like to take the time to personally wish you and your family and friends, a very Merry Christmas. *Please note that The Financial Advice Shop will be closed from COB Thursday 20th December 2018 and will reopen on Tuesday 29th January 2019. Only urgent issues or portfolio management matters will be attended to during this period.... www.financialadviceshop.com.au

15.01.2022 To be successful, sometimes you just need to take the time to make smart choices.... www.financialadviceshop.com.au #financialadvicecanberra

14.01.2022 Is There A Realistic Pathway To $1.6m In Superannuation For Everyone? From a purely academic perspective, achieving $1.6m in superannuation or something close to it, primarily depends on a range of factors including but not limited to contributions, earnings (net of fees) and the timeline to retirement. The mistake many make is that they do not start taking action on their superannuation contributions or retirement planning until it is far too late. Don’t let this happen to ...you! To benefit from what Albert Einstein referred to as the eighth wonder of the world (compound interest), there is a need to start saving as early as possible and with additional tax effective contributions earning solid and consistent long term net returns. You must definitely not make the mistake of starting too late with additional contributions or having poor net returns over the life of your investments. The Australian Securities & Investment Commission (ASIC) publish a very useful calculator where you can play around with some scenarios associated with saving in superannuation for retirement and also funding a pension from your superannuation in retirement. The calculators will hopefully shock you and spur you into action! https://www.moneysmart.gov.au//super-and-retirement-calcul While there are some who suggest the current 9.5% Superannuation Guarantee is enough, we strongly disagree. By simply relying on a handout from your employer as part of your total employment package you really are just setting yourself up for an underwhelming experience in retirement. Retirement planning and superannuation are no different to many other important things in life: your personal contribution and efforts often determine in a very significant way the level of success. If you do not make a meaningful contribution to the important things in life the outcomes will often be disappointing. HOT TIP: Seize the moment, take control and make sure you have a goal for your superannuation and retirement. www.financialadviceshop.com.au #retirementgoals #superannuationsavings #netsuperannuationreturns #superannuationfees #superannuationgoals #financialadvicecanberra #financialadvisercanberra #financialplannercanberra Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

14.01.2022 If you have been wondering what shares Self Managed Super Funds have been trading in the second half of 2018, this CommSec report might be of interest to you. https://www.commsec.com.au//Trading-Trends-Report-March-20 www.financialadviceshop.com.au... Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

13.01.2022 If you or someone you know is a member of the CSS or PSS, past or present, who needs help to manage their Transfer Balance Cap, we recommend you talk to an expert in this area. http://www.financialadviceshop.com.au/latest-superannuation

13.01.2022 It a volatile and uncertain world, an article with some of the latest news on the economy, share market and COVID-19 is always of interest. https://www.ampcapital.com//econom/2020/may/WMU-220520.pdf Stay Connected | Stay Informed | Stay Safe... www.financialadviceshop.com.au #economicupdate #financialadvice

13.01.2022 To Speculate Or Not To Speculate: That Is The Question? There is a lot of uncertainty in the world at the moment and many people are wondering: what should I be doing with my retirement savings? Thankfully this is not a question that clients of The Financial Advice Shop are asking their adviser. Why not you may ask? Well the answer is very simple. Because every client has a plan that we have been talking about for the last couple of years and its business as usual as we ex...ecute it. HOT TIP: If you are worried, you need an adviser! www.financialadviceshop.com.au Stay Calm | Stay Informed | Stay Safe | Stay Connected #financialadvice #retirementplanning #superannuation #financialadvicecanberra #retirementplanning #financialplanning #financialplanner #superannuationadvice #financialadviser #investmentadvice #retirement

12.01.2022 Your help is desperately needed in relation to the Covidsafe app and what you need to do is really simple but it involves some sales training. The National Cabinet will soon be meeting to discuss lifting some Coronavirus restrictions and the success of the Covidsafe app will be very important in their decision making process. To date ~3.5 million users have downloaded the app but 10 million downloads are required to make it a useful weapon against Coronavirus.... Once you have downloaded the Covidsafe app encourage two other people you know to download the Covidsafe app and we will very quickly reach to goal of 10 million downloads. Downloading the CovidSafe app is something everyone can do and will save lives. It's good for you and your fellow Australians, it's good for your family, it's good for your social life, it's good for your community, it's good for businesses, it's good for the economy and its even good for your superannuation balance! The Covidsafe app will certainly help everyone get their life back to normal far more quickly. Don't forget: we're all in this together so take the time to be part of the solution. #covidsafe # #covid19 #covidsafeapp #backtowork

11.01.2022 Salary Sacrifice Considerations And Options For Members Of Defined Benefit Superannuation Schemes Like CSS and PSS Have Now Changed Dramatically! The new superannuation changes came into effect on 1 July 2017 and for members of Defined Benefit Superannuation schemes like CSS and PSS these changes are significant. One area that has some complexity is the area of salary sacrifice. It is an area that many members of CSS and PSS ignore to their detriment but for those who are se...rious about improving their financial situation in retirement it is very important to thoroughly understand the new rules. The cap for concessional contributions was reduced to $25,000 on 1 July 2017. At the same time a notional amount was included in the new concessional contribution cap for members of Defined Benefit Superannuation schemes like CSS and PSS. Additionally, for members of the Defined Benefit Superannuation schemes like CSS and PSS, there is also Productivity component that needs to be factored into the concessional contribution cap calculation. A final and important change to concessional contributions relates to the removal of a restriction that previously prohibited employees from making deductible superannuation contributions. This change in Legislation has created a new and simpler way for employees to tax effectively contribute to superannuation to boost their retirement savings through the making of deductible superannuation contributions. At The Financial Advice Shop we enjoy assisting CSS and PSS members to ensure they are on track to maximise and optimise their total superannuation entitlements and we do this through a cost effective Financial Advice Health Check. As part of a Financial Advice Health Check we will discuss the importance of you optimising your superannuation contributions to improve your final retirement position in a range of scenarios. If you take the time to visit The Financial Advice Shop home page it will not take you long to realise we are a superannuation expert in many areas. You will also be able to access links to our dedicated CSS and PSS web pages that offer a range of tips and traps that CSS members and PSS members might like to consider. If you have questions, we have the answers. If you, or someone you know requires further assistance, please feel free to contact us and we will see how we can help. www.financialadviceshop.com.au #cssfinancialadvice #cssretirementplanning #cssredundancy #csstransferbalancecap #csssuperannuation #csssalarysacrifice #pssfinancialadvice #pssretirementplanning #pssredundancy #psstransferbalancecap #psssuperannuation #psssalarysacrifice

11.01.2022 How Confident Are You That 2018 Will Be A Good Year For Your Superannuation? Click on the link below to read an article from IPAC that attempts to look into the crystal ball for 2018. Hot Tip: The investment world is not without significant risks at the moment so now might be a good time for you and your Financial Adviser to review and understand the risks you are taking with your superannuation. In periods of share market volatility and uncertainty, nervousness can result ...in wealth passing from weak hands to strong hands so make sure you have a plan for a share market correction as it will come eventually. If you would like to see if your fees could be reduced, contact The Financial Advice Shop! http://www.ampcapital.com.au/article-detail www.financialadviceshop.com.au #financialadvice #retirementplanning #superannuation #financialadvicecanberra #retirementplanningcanberra #financialplanningcanberra #financialplannercanberra #superannuationadvicecanberra #financialadvisercanberra

11.01.2022 Asgard has recently introduced a new superannuation product that is a game changer for many Asgard investors. It is a shame Asgard will not actively tap existing investors on the shoulder to let them know there may be cheaper superannuation options now available. If you are an Asgard investor with a large superannuation investment balance, there has never been a better time to talk to an expert on whether your fees and commissions can be reduced. You may not even need... to change your account number to reduce your fees and commissions! www.financialadviceshop.com.au Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns. #asgard #asgardfees #asgardcommissions

11.01.2022 Retired Or About To Retire And Not Certain What Your Future Holds Now That Your Superannuation Balance Has Dropped? Perhaps you know someone who is worrying about their future and needs some reassuring? Fortunately ASIC has put together a calculator to help you or someone you know consider the future. It doesn’t provide all the answers but it is a good start.... https://moneysmart.gov.au//account-based-pension-calculator HOT TIP: It is always an excellent idea to have a plan but it is also important to have a plan B for when things do not go to plan or for when things go too well. If in doubt, seek advice and form a relationship with an experienced financial advice professional as soon as practical. www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #sharemarketpanic #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

11.01.2022 To Invest, Or Not To Invest: That Is The Question! The share market is essentially a measure of fear and greed. Warren Buffet is quoted as saying that investors should be fearful when others are greedy and greedy when others are fearful. We are quickly approaching the August company reporting season in Australia and the results may set the short term trajectory of the Australian share market. We also have COVID-19 which is somewhat out of control.... Trying to time the share market is a perilous task that is almost impossible to get right however it is important from time to time for investors to revisit their risk settings to make sure they remain appropriate and rebalance as appropriate. www.financialadviceshop.com.au HOT TIP: Nobody knows with any certainty what the future holds so when making investment and retirement decisions, make sure you understand the risks you are taking and accept the outcomes you may experience. If in doubt, seek advice and form a relationship with an experienced financial advice professional as soon as practical. Stay Connected | Stay Informed | Stay Safe #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

10.01.2022 Ask Not What Your Superannuation Can Do For You Ask What You Can Do For Your Superannuation! Just like President J F Kennedy’s speech challenged every American to contribute in some way to the public good, every Australian needs to be challenged to improve their situation in retirement by planning ahead and influencing the things they can control within their superannuation. Like most things in life, exceptional outcomes are usually the result of determination and meticulou...s planning, and exceptional retirement outcomes involving superannuation are no different. There are plenty of things that everyone could do to make a difference to their superannuation situation and it all starts with making smart decisions sooner rather than later, understanding risks and planning for the journey that lies ahead. HOT TIP: It is never too early to get financial advice on your superannuation options and to explore the strategic direction of the journey that lies ahead. When it superannuation and retirement, planning is important. www.financialadviceshop.com.au #superannuation #superannuationstrategy #money #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra

10.01.2022 Are You Guilty Of Underestimating the Psychology Behind Your Investment And Retirement Planning Decisions? To be successful it is helpful if we first understand and adjust for our own limitations. If you are interested in some further reading on this topic, click on the link below:... https://www.cfainstitute.org//rf-bri/rfbr-v2-n1-1-pdf.ashx HOT TIP: The psychology behind who we are and how we make decisions is an important area to consider and understand when planning for the future. www.financialadviceshop.com.au #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra #investmentbias #behaviouralfinance #MAA728 #DeakinUni

10.01.2022 The Final Report of the Retirement Income Review Will The Government Act On Any Of The Key Observations? The key observations make an interesting read and if the Government acts on them, the golden years for superannuation could soon be behind us! https://treasury.gov.au//p2020-100554-00bkey-observations_... www.financialadviceshop.com.au HOT TIP: It’s never too late to start planning and take action to ensure you stand out from the crowd! #financialadvice #retirementplanning #superannuation #financialadvicecanberra #retirementplanning #financialplanning #financialplanner #superannuationadvice #financialadviser #retirement #retirementincome #superannuationcontributions #retirementincomereview

10.01.2022 With The Banking Royal Commission In Full Swing, Isn’t It Time For You To Get A Second Opinion From Someone You Can Trust? The issues being current raised in the Royal Commission come as no surprise to many who are in the know but are kept silent in perpetuity through legal documents containing things like confidentiality clauses. In the end I felt obligated to start my own Financial Advice business and ultimately decided to make the necessary business changes to be able to ...call myself an independent financial adviser. The problem for most people is that they don’t have a point of reference. People instinctively want to trust others but sadly this is not a sound strategy as it turns your financial future into a lottery: you might get lucky and find a great financial adviser or you might not. A far sounder strategy is to seek a second or third opinion and from that process work out the questions you really need to ask and have answered. If the Royal Commission hasn’t motivated you to take action and get a second opinion or third opinion then I’m not sure what will. If you don’t take an interest in your own affairs, rest assured no one else will either. They say that the definition of insanity is doing the same thing over and over and expecting different results. If this sounds like you then its probably time for you to stop doing what you have always done with your financial affairs and instead explore ways to do things proactively and very differently. At The Financial Advice Shop there is something very important that differentiates us from our so called competitors: we don’t want to be known for being big, we want to be known for being awesome so our clients are never just a number. HOT TIP: The need for honest and practical financial advice has never been greater, so if you are over 50 and have significant wealth, contact The Financial Advice Shop without delay to see if we can assist with a cost effective Financial Advice Health Check to ensure you better understand all of your future superannuation contribution and investment options. ABOUT THE FINANCIAL ADVICE SHOP: We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50's with a specific focus on cost effective investment options. www.financialadviceshop.com.au #independentfinancialadvice #royalcommission #financialadvicecanberra #financialplannercanberra #financialadvisercanberra #independentfinancialadvicecanberra

10.01.2022 Not All Industry Super Funds Are Super! Don’t be fooled by the Industry Fund sales and marketing machine into believing that all Industry Super funds are created equally. They most certainly are not! It is a very big job to analyse them all and we have not done that but we have looked at a number of them for the most expensive ones we could find in both super and pension.... We have decided not to name the most expensive industry super and industry pension accounts we found, but you can be assured they are very expensive by our standards. For a Balanced fund with $50,000 invested as per their published PDS’s, from a total cost perspective the most expensive industry account we found for either super or pension was $1,115 p.a. (2.23% p.a.) which seems very expensive to us!! The Industry Super funds might boast about admin fees of around $1.50 per week but their admin fees for pension accounts can be much higher and when combined with the underlying investment fees for some Industry Funds, the total costs can be very high indeed. HOT TIP: As the heading suggests, don’t be fooled by industry fund sales and marketing into thinking that all Industry Funds are created equally. The need for honest and practical financial advice has never been greater, so if you are over 50, contact The Financial Advice Shop without delay to see if we can assist with a cost effective Financial Advice Health Check to ensure you better understand all of your future superannuation contribution and investment options. ABOUT THE FINANCIAL ADVICE SHOP: We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50's with a specific focus on cost effective investment options. www.financialadviceshop.com.au Disclaimer: information current at time of publication but is subject to change without notice so accuracy is not guaranteed. #industrysuper #industrysuperfund #industrysuperfundfees

09.01.2022 Do Investment Managers And Superannuation Funds Have An Obligation As Shareholders To Pressure Companies To Act Morally? Yes they do! There are growing community expectations that investment managers should use their influence as company shareholders to ensure companies do the right thing. You need look no further than Rio Tinto and the appalling Juukan Gorge incident to realise there is still significant room for improvement, and that shareholders can effect change.... Vanguard has recently released a report showing their approach to investment stewardship. In Vanguards own words: We believe that shareholders should have the power to use their voice and vote to ensure the accountability of a company’s board. https://intl.assets.vgdynamic.info//inv-stew-annual-report www.financialadviceshop.com.au HOT TIP: If you have an investment, take an interest in investment stewardship. You can make a difference! Stay Connected | Stay Informed | Stay Safe #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser #financialadviceshop #investmentstewardship #juukangorge

08.01.2022 Why Are The Public Sector Superannuation (PSS) And Commonwealth Superannuation Scheme (CSS) Contribution Rates So Important For A Successful Retirement Or Redundancy? The PSS rules allow contributing members to contribute at 0% or between 2% and 10% but few PSS members truly understand the financial implications of contributing at the wrong rate. The CSS rules allow contributing members to pay basic contributions of 5%, supplementary contributions (any amount over 5%) or ma...ke no contributions at all but few CSS members truly understand the financial implications of contributing at the wrong rate. The reality is that the wrong contribution rate can ruin your retirement or redundancy because your contribution rate influences a range of entitlements in a range of scenarios. The wrong choice with contribution rates is great news for the PSS, CSS and/or your employer but can be a huge disappointment for PSS and CSS members when they retire or are made redundant. At The Financial Advice Shop we are determined to assist PSS members and CSS members to ensure they are on track to maximise their PSS and CSS entitlements and we do this through a cost effective Financial Advice Health Check. By optimising your PSS and CSS contributions you will be making sure you have every chance to make sure the PSS, CSS and/or your employer has to maximise your retirement or redundancy entitlements in all scenarios. If you take the time to visit The Financial Advice Shop home page you will be able to access links to our dedicated PSS and CSS web pages that offer a range of tips and traps that PSS members and CSS members might like to consider. If you have questions, we have the answers. If you, or someone you know requires further assistance, please feel free to contact us and we will see how we can help. www.financialadviceshop.com.au #pssfinancialadvice #pssretirementplanning #pssredundancy #psstransferbalancecap #psssuperannuation #cssfinancialadvice #cssretirementplanning #cssredundancy #csstransferbalancecap #csssuperannuation

08.01.2022 Planning To Retire In The Next Five Years And Not Sure What Your Future Holds? Perhaps you know someone who is worrying about their future and needs some reassurance? Fortunately The Financial Advice Shop is currently looking to assist a limited number of new clients with their future financial advice needs. If you know one of our many existing clients your assistance may be prioritised if we believe our services would add value for you, so make sure you ask your friends if ...they are clients of The Financial Advice Shop. We know from experience that retirement is a huge transition in life and it is something that should definitely be planned for. If you are looking for a trusted partner to assist you to improve your financial situation in preparation for retirement, we are the experts you should be talking to. HOT TIP: It is difficult to know what you don’t know and the decisions and actions you make today could take a significant difference to your financial future. Contact The Financial Advice Shop to see what’s possible! Make this your moment to shine! www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #retirementplanning #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #sharemarketpanic #retirementadvice #financialplanning #superannuation #financialadviser Disclaimer: Fees and charges apply. Due to increased regulation and rising costs, minimum investment thresholds apply. Ad-hoc appointments are not available.

08.01.2022 Happy New Year everyone....

08.01.2022 From today, there is no need for anyone, including PSS members and CSS members, to waste money on a salary packaging administrator fee to continue to get their salary sacrifice money into superannuation. This is just one of the very important changes to superannuation that have now come into effect. http://www.financialadviceshop.com.au/latest-superannuation

08.01.2022 Why Trying To Time The Share Market Can Be A Really Dumb Idea!! Investing and financial advice is often about making sensible and informed decisions, and for most people it should not be about major speculation. In recent months I have been amazed at the number of new client discussions I have had where their investments have been in cash. In some cases they have been invested in cash since the Global Financial Crisis when they sold out in a panic, and in other cases it has ...Continue reading

06.01.2022 The Figures For The COVID-19 Early Access To Superannuation Are Staggering! It's not often that a Government initiative wildly exceeds all expectations but with $15 billion in superannuation withdrawn to date it has been a jaw dropping program. It seems we could be on track for $30 billion in total withdrawals from superannuation with the second window opening on 1 July. https://www.apra.gov.au/covid-19-early-release-scheme-issue... There is no doubt many urgently need the money but there may be an element of accessing superannuation because its available. Will this prove to be an excellent opportunity to study human behaviour? www.financialadviceshop.com.au #earlyaccesssuper #covid19earlyaccesssuper

06.01.2022 Wishing you a very Merry Christmas from the team @ The Financial Advice Shop! www.financialadviceshop.com.au

06.01.2022 If you are looking for some of the Budget 2020 finer detail, the following information might be of interest to you: https://fpa.com.au/wp-cont//2020/10/FPABudgetWrap_2020.pdf #budget2020

06.01.2022 Are You Making Sound Financial Decisions Or Just A Biased Accident Waiting To Happen? The psychology behind who we are and how we make decisions is an important area to consider and understand when planning for the future. There are many biases individuals have that influence how they make decisions and behavioural finance attempts to understand and explain the investor behaviour.... Understanding the biases will almost certainly assist in making sounder decisions. There are many biases but some to consider include Anchoring Bias, Hindsight Bias, Overconfidence Bias, Loss Aversion Bias, Status Quo Bias, Mental Accounting Bias, Regency Bias, Framing Bias, Regret Aversion Bias, Confirmation Bias, Self Attribution Bias, Representativeness Bias, Affinity Bias and Outcome Bias. HOT TIP: Take the time to do a little research on behavioural finance biases and see if you have any weaknesses in the way you currently make your financial decisions. www.financialadviceshop.com.au #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra #investmentbias #behaviouralfinance

05.01.2022 After reviewing 2019 and considering the outlook for 2020, what does AMP have to say.... https://www.ampcapital.com//oli/2020/january/OI-080120.pdf www.financialadviceshop.com.au... #investing2020 #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra

03.01.2022 Can Superannuation Survive In Its Current Form? Hopefully Superannuation Does Not End In Ruins After The 2021 Budget! Superannuation might look very different after the Government hands down its 2021 Budget. Share your thoughts on what you think might change, should not change or why it is unhelpful to continually tinker with superannuation. ... I suspect superannuation will not survive in its current form as the Government makes desperate moves to increase tax revenue. I expect there could be changes whereby allocated pension accounts could lose their tax free status, allocated pension payments could become partially taxed, and/or the tax on superannuation account earnings or lump sum withdrawals could be increased. If the Government does attack superannuation in the 2021 Budget it will be very negative for the future success of the superannuation sector. www.financialadviceshop.com.au #budget2021 #2021budget #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra

03.01.2022 When It Comes To Scams, You Should Never Be Worried About Being Too Vigilant! The ACCC has a website called ScamWatch that provides the latest information on Scams including how to protect yourself, how to report them and what to do if you become a victim. https://www.scamwatch.gov.au/... As an example, ScamWatch has received over 3060 scam reports mentioning the coronavirus with over $1,371,000 in reported losses since the outbreak of COVID-19 (coronavirus). Common scams include phishing for personal information, online shopping, and superannuation scams. There can be significant sophistication associated with Scams that make them appear legitimate so it is important to ensure you remain alert to the risks and understand how to protect yourself to minimise the likelihood of becoming a victim. HOT TIP: If in doubt, assume it is a scam and act accordingly. www.financialadviceshop.com.au Stay Connected | Stay Informed | Stay Safe #retirementscams #investmentscams #superannuationscams #earlyaccesssuperscams #scams #scamwatch #moneyscams #currentscams

03.01.2022 Don't Just Get Open, Stay Open With A COVIDSafe Plan! https://www.australia.gov.au/covidsafeeconomy www.financialadviceshop.com.au... #covidsafe #covidsafeplan #covidsafeeconomy #covidsafeadvice #covid19

02.01.2022 Boosting Women’s Superannuation Is Extremely Easy But It Might Require Some Pillow Talk!! It is a well known fact that women often accumulate less superannuation than men over their working life due to many reasons including lower salaries, working less and making a greater contribution to family commitments. Fortunately there are some clever strategies that can be used to optimise many situations. ... Visit our website blog to read more. www.financialadviceshop.com.au #womenssuper #womenssuperannuation #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialadvicedickson #financialadviserdickson #financialplannerdickson Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

01.01.2022 When It Comes To Your Mortgage, The Landscape Is Very Competitive But You May Not Have The Best Deal? It is absolutely astonishing that so many people have a mortgage and they have not recently tested their bank to make sure there isn’t a better deal available. Even if you have no plans to make a switch with your mortgage, why not contact your bank, tell them you are thinking of switching to another bank, and let them know that you would like to give them the opportunity to p...rovide you with a better deal and a lower interest rate. If you have no idea how much difference a reduction in interest rate can make on your mortgage, check out the following link for a range or mortgage calculators from ASIC. A lower interest rate, additional repayments and perhaps even the well disciplined use of an offset account has the potential to make a very big difference to your future wealth and financial security. https://www.moneysmart.gov.au//calcul/mortgage-calculators Your current bank is unlikely to tap you on the shoulder to let you know they can offer you a better deal so you need to be proactive, take control and act in your best interests. A phone call to your bank has the potential to be one of the smartest things you could ever do. Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns. www.financialadviceshop.com.au