My Private Wealth in Nunawading, Victoria, Australia | Financial consultant

My Private Wealth

Locality: Nunawading, Victoria, Australia

Phone: +61 413 123 684

Address: 23 Ceylon st 3131 Nunawading, VIC, Australia

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

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20.01.2022 http://moneysaverhq.heraldsun.com.au//story-fnhld3ta-12270 Great article on Income Protection

08.01.2022 News Flash - Federal Budget 2016 : As expected there were no changes to negative gearing in this years budget. There were quite a few changes mentioned to other areas such as super and tax. Some notable changes are: - Middle Income Earners benefiting from a tax cut - Reductions in the corporate tax rate - Reduction in the amount of pre-tax contributions which can be made to Super from July 1st 2017. ... The vast majority of changes must be legislated and passed through Parliament before they apply. The government’s top priority is to see the proposed company tax cuts and personal income tax cuts start on 1 July, 2016, which will put pressure on Parliament to pass legislation quickly. If you would like a summary of the Federal Budget feel free to ask us and we would be more than happy to send it straight across as well as answer any questions you may have.

05.01.2022 Following yesterdays decision by the RBA to a new historic low of 1.75% how did your bank decide to handle the 0.25% drop in rates. Changes to be implemented to standard variable rates later this month: Commbank 0.25% reduction Westpac 0.25% reduction NAB 0.25% reduction... ANZ 0.19% reduction Bank of Queensland 0.25% reduction In summary the above banks all passed on the full cut except ANZ bank who passed on most of it but not all. Looking forward to having a bit of extra money in the bank each month!

05.01.2022 Volatility in markets can create opportunities to pick up cheap assets

01.01.2022 Will you have enough money for retirement, did you know a small difference in annual returns can make a big difference at retirement. Recently we ran a case study to illustrate the power of compounding and how important it is to start looking at super early. Case Study: We took a 30 year old earning $65,000 per annum who had $30,000 in super (a typical scenario). If he retired at 65, how much would he have in super assuming only Super guarantee contributions from work. We als...o assumed no increase in salary or Super guarantee which is highly unlikely over a lifetime hence the figures will be conservative. Based on the above assumptions we estimate the balance of his fund at Age 65 as follows: 5% annual return = $700,000 7% annual return = $1,150,000 9% annual return = $1,900,000 Figures speak for themselves, if you want to learn more feel free to contact us and we will be more than happy to answer any questions you have!