MSF Financial Planning in Terrigal, New South Wales | Accountant

MSF Financial Planning

Locality: Terrigal, New South Wales

Phone: +61 449 981 692

Address: Suite 2, 64 Terrigal Esplanade 2260 Terrigal, NSW, Australia

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• Accountant
• Financial service
• Financial planner
• Financial consultant

25.01.2022 Celebrating the inaugural MSF Financial Planning Christmas Party. Merry Christmas to all our wonderful clients, business partners and friends.

15.01.2022 44 years worth of sacrificed smashed avo & coffee, doesn't really seem worth it....does it?

13.01.2022 Do you have any 'Lost Super'? On the 31st December this year, whilst everyone else is getting ready to bring in the new year (and likely drink a year’s worth of alcoholic beverages in the one night), all of the Australian Superannuation Funds will be busy moving Super accounts they have deemed to be ‘Lost’ or ‘Unclaimed’ over to the ATO. To be deemed a Lost Super account, the super fund would have received ‘return to sender’ mail due to an old address and been unable to trac...k down the account holder on multiple occasions. In previous years lost accounts that had a balance of $200 or less were transferred to the ATO, but from 31st December 2015 this was increased to $4,000. This year will see another increase of the account balance threshold to $6,000, which is the equivalent of 100,000 Superannuation accounts worth an estimated $220m being transferred to the ATO. To put it into perspective the ATO currently holds around $14bn in lost or unclaimed super.this is your money people!! What happens if my super gets moved? When an account is transferred to the ATO any insurance cover that you previously had in that policy is lost, and worse still the ATO takes the majority of any earnings that are made from the lost accounts for itself, and only passes on income at the rate of inflation (currently 1.3%). Obviously over time this adds up a Lost Super account worth $5,000 would lose roughly $225 in investment earnings in the first year according to ASFA. This will clearly make a difference over time. How do you know if you have any Lost Super? There are a number of ways to check: via the ATO website, a few third party providers or sometimes via your MyGov account. The easiest way however, is engage the services of a Financial Adviser, who will not only track it down, but also take care of consolidating your accounts into the most appropriate fund to suit your needs. If you have any questions on this, or think that you might have some lost super accounts, free feel to contact me.

12.01.2022 What a beautiful weekend we had on the Coast #terrigalnotterrible #MSFFP