FTS Financial Planning in Young, New South Wales | Insurance Agent

FTS Financial Planning

Locality: Young, New South Wales

Phone: +61 2 6382 6650

Address: 69 Lynch St 2594 Young, NSW, Australia

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

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• Financial planner
• Insurance Agent
• Financial consultant

18.01.2022 FTS Financial Planning are concerned for those having a tough time at the moment, we are going to provide some information for people that are struggling for income at the moment. For anyone having a hard time financially we send you our thoughts. Be Kind to each other!

17.01.2022 COVID 19 and Rental Properties There is currently an embargo for the next 6 months for Landlords to evict their tenants if they are having difficulty paying their rent due to job losses with COVID 19. Landlords that have borrowings on their rental properties can apply to their banks for a 6 month freeze of loan repayments to assist the Landlord and tenant through this period.... If you are a tenant please negotiate any issues of payment with your landlord. Landlords should contact their banks for payment reprieve. Say Safe FTS

15.01.2022 NSW Small Business Relief The NSW government has announced measures to provide tax injections of $10,000 to businesses that are 'heavily impacted' by COVID 19. For example Cafe's and Gyms'. For further details of eligibility please see below. If you would like to apply, please go to Service NSW website before 1/6/20.... https://www.nsw.gov.au//10000-grants-to-provide-fast-reli/

12.01.2022 Job Keeper Payment The Prime Minister announced yesterday afternoon that for those businesses that want to hold onto staff, however no longer have the financial ability to do so, or have already stood down staff since 1/3/20 due to COVID 19 there is financial assistance available. $1,500 per fortnight is available to staff, to be paid to by employer. Employers need to apply for this benefit from the ATO, and payments are available from 1/5/20 and payments to be backdated to 3...0/3/20. those eligible include; 1) full time 2) part time 3) casual with year service 4) sole traders This benefit is available to businesses with 30% loss of turnover, or if turnover greater than $1billion pa 50% loss of turnover. If you are an employer, you can indicate your interest on ATO website now. Stay Safe FTS

11.01.2022 After another big year of wealth creation we wish the valued FTS clients and greater community a happy End of Financial Year. We trust that you worked hard to achieve your financial goals and desired lifestyle! Have a bubbly on us tonight!! We sure will be having a drink for all of you!

08.01.2022 Support for Businesses COVID -19 The Federal Government as a part of the COVID -19 Stimulus package has released a range of measures to assist eligible small and medium business continue in these challenging times. Included in these measures;... 1) Cash payments of $20,000 to $100,000 to assist with wages and business expenses 2) Increasing level that Creditors can issue statutory demands 3) Increase instant asset write offs to $150,000 4) Some Wage subsidies for apprentices and trainees. 5) A range of other benefits If you are struggling as an employer in these challenging times please contact your accountant, as they know your business the best. Stay Well FTS https://treasury.gov.au/coronavirus/businesses

08.01.2022 Operations Update - we have made changes to our working situation to ensure the health of both our clients and team. All appointments going forward will be either over the phone or video conferencing. We urge any clients to please not attend our offices, however we have staff available to assist with inquiries. Please call regular office numbers or email your adviser. Stay Well - FTS Financial Planning team

08.01.2022 Child Care Package 2/4/20 The Federal Government today announced that for children already enrolled in child care, or have previously un enrolled their child due to COVID 19 will be able to send their child for free to child care until 30/6/20. This is for parents with Essentials jobs, studying or children are in vulnerable positions.... It is best to discuss this with your Day Care Centre if you feel like this may apply to your situation. https://www.abc.net.au//free-childcare-explainer-/12115062

06.01.2022 Working from home, kids learning at home Sharing a hot tip from one of our Advisors to assist those needing to scan their work, if you have an I Phone you already have a scanner. Works brilliantly! Thanks for tip @alishiacarswell

06.01.2022 Early Super Access If you have lost your job or your income has been reduced due to COVID - 19 you may be able to apply for early release of your super. You must meet the following requirements;... 1) You are unemployed. 2) You are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or farm household allowance. 3) On or after 1 January 2020, either a) you were made redundant b) your working hours were reduced by 20% or more c) if you are a sole trader, your business was suspended or there was a reduction in your turnover of 20% or more Applications for $10,000 for 19/20 financial year available from April 2020 and you can apply for further $10,000 from July for 20/21 financial year. This can be applied for from you MyGov account. GENERAL ADVICE WARNING; This advice is general in nature and you must consider your own personal circumstances before proceeding. Accessing super now may mean that you do not have as much money available when it comes to retirement. https://www.ato.gov.au//withd/early-access-to-your-super/

05.01.2022 Working from Home Tax Deductibility The ATO have recently announced that for those working from home office between 1/3/20 to 30/6/20 you can claim 80c per hour for; 1) Heating and cooling 2) Electricity... 3) Mobile Phone 4) Internet 5) Depreciation of assets This will make tax time a lot easier for those now with home offices! For more info contact ATO or your Accountant. Stay Safe FTS https://www.ato.gov.au//Support-for-individuals-and-emplo/

04.01.2022 Commercial Tenancy Agreements The Government have released new standards in regards to tenancy agreement for businesses and their rental repayments to deal with the COVID - 19 crisis. To be eligible you must be a business with turnover less than $50million and the lease must be for terms less than 24 months.... If you are a landlord or a business leasing premises, please see attached and contact your real estate, tenant or landlord. Clarification over residential rentals are still to be clarified by State Governments. Stay Safe FTS https://www.abc.net.au//scott-morrison-commercial/12129178

04.01.2022 Massive changes to Insurance within Super are coming!! Please make sure that you opt in to your super policies, otherwise you may loose vital insurance 30/6/2019. Massive rollovers of inactive accounts to ATO are scheduled.... https://www.abc.net.au//superannuation-changes-to/11182772

02.01.2022 UPDATE 31/3/20 Job Seeker Payment Yesterday the Federal Government changed the amount that your partner can earn to $79,000 pa This will increase those eligibilble... https://www.servicesaustralia.gov.au//affected-coronavirus COVID 19 Job Seeker Payment from Centrelink If you meet the following you will be entitled to Income Support from Centrelink. 1) If you have lost your job 2) If you are self employed and your income has severely reduced 3) If you are a carer You are eligible if your partner earns less than $48,100 per annum or $1,850 p/f. You can earn up to $104 per fortnight to receive the maximum benefit as above. Normal Job Seeker Payment is approx. $510 per fortnight, however there is also a Job Seeker supplement of $550 per fortnight to assist with costs. To maintain Social Distancing, especially if you are unwell, you can place your intent to claim with your MyGov Account or set up a new MyGov account if you don't have one. Stay Well FTS