Next Level Financial Services in Balwyn, Victoria | Financial consultant

Next Level Financial Services

Locality: Balwyn, Victoria

Phone: +61 3 9188 4254

Address: Suite 4, 333 Whitehorse Road 3103 Balwyn, VIC, Australia

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

Likes: 91

Add/Update information

Reviews

Tags

• Financial service
• Financial planner
• Financial consultant

25.01.2022 Lets talk super! What are the benefits to maximizing your superannuation ahead of retirement? Are you trying to build wealth but finding it difficult with daily life and expenses? ... Did you know you can use superannuation to wealth build? Do you know what tax advantages are available when you build wealth in superannuation and why its worthwhile? Did you know you can build personalized investment portfolios within superannuation? Many people have large sums of money sitting in superannuation but because it is out of sight its out of mind and they fail to ensure it is being managed properly. You would never be uninterested in $50,000 you had sitting in your bank account so why is superannuation any different? Take control and get informed by setting up your initial consult with one of our fabulous team members!

24.01.2022 Check out our Financial Tool Kit! Our Financial Tool Kit is where you will find different financial tools and information designed to assist you on your financial journey. Dont let the pace of life get in the way of having some financial security! ... https://www.nextlevelfinancial.com.au/financial-tools.html

21.01.2022 Team member of the week! Jess is a Financial Adviser and the Client Services Manager of Next Level Financial Services. Jess completed a Bachelor of Commerce Majoring in Finance and a Bachelor of Arts Majoring in International Studies in 2016 at Monash University and has been a practicing Financial Adviser since September 2017. As a Financial Adviser Jess aims to provide holistic advice to all clients in financial services specializing in superannuation, investments, foreca...sting, risk insurance, asset protection and estate planning. Jess prides herself on developing strategies that are in line with clients goals and building long-term relationships to facilitate attainment of these goals. Jess is also the first line of communication and is responsible for managing the relationship with clientele, liaising with a number of institutions on behalf of clients, assisting in the preparation and delivery of advice and is involved in the day to day operations of the business. Outside the office Jess enjoys keeping fit often training in the gym or outside if weather permits and particularly enjoys cooking (or more accurately eating the food her partner Samuel cooks), reading and keeping up to date with new films on weekends. Jess works from the Mount Eliza office, please call 03 9188 4254 or 0417 569 963 or email [email protected].

21.01.2022 We are delighted to advise that Gavin Thompson has joined Next Level Financial Services. Gavin is a Senior Financial Advisor and will also be a Director of the business alongside Michael Forer and Mark Godfrey. Gavin will be based predominantly in our Balwyn office but will also work from our new Mount Eliza office, which will open in May 2017. Gavin brings extensive knowledge and experience, incorporating many years working directly with a broad range of clients in financia...l planning, technical advice and investments. Gavins expertise in strategic advice and investments will be invaluable as we embark upon a period of extensive regulatory change amid global political uncertainty.

21.01.2022 Its tax time! The period ahead of 30 June is an opportunity to take advantage of strategies to boost superannuation and minimise tax. Check out our tax strategies by following the below link!... https://www.nextlevelfinancial.com.au/tax-tools-201920-fy.h

20.01.2022 You may have seen that the previously announced JobKeeper proposal was passed by parliament yesterday. This is critical as its possible that many people whose employment/income has been impact by the crisis will benefit more from JobKeeper than from other available stimulus measures. However, unfortunately there remains confusion about how the available support works and what individuals should be applying for. Part of this is because the JobKeeper scheme is named similarly... to the JobSeeker scheme, but they refer to different things and apply in different circumstances. Are you wondering: Whats the difference between JobKeeper and JobSeeker? Who qualifies for a JobKeeper benefit and how much can they receive? Who qualifies for a JobSeeker benefit and how much can they receive? What about tax and superannuation? Should you apply for JobKeeper or should you apply for JobSeeker? Can you receive JobKeeper and JobSeeker? What if you dont think that you qualify for either JobKeeper or JobSeeker? If any of the above questions have crossed your mind then have a read of the summary on our webpage. We have included updated PDF summaries of all stimulus initiatives for reference and we encourage anyone needing assistance to contact our office. Stay safe everyone! https://www.nextlevelfinancial.com.au/articles--news.html

20.01.2022 Why is superannuation so important? Superannuation is a tax effective environment to save for your retirement. It provides an income stream when the individual gains access to their superannuation fund. Why is superannuation tax effective?... Because returns within the fund and contributions are taxed at 15% until retirement. At retirement after the age of 60 superannuation returns and income paid to the individual is usually tax free. When can I access my superannuation? In normal circumstances you gain access to superannuation when you meet your preservation age which differs depending on your birth date. Once you reach your preservation age you gain access to your superannuation when you meet a ‘condition of release’ such as being retired. How does my fund provide an income to me? Superannuation funds accumulate overtime due to contributions and investment returns. At retirement the fund normally remains invested and the member draws an income off the balance to meet their needs. Do some people use superannuation to fully support their retirement and is this a realistic goal? Yes. Superannuation legislation is complex and so seeking advice is crucial to maximising your superannuation position. Its never too early to start and important to ensure your fund is well positioned to achieve your goals in the future. Contact our office using the link below to set a time for a complimentary superannuation review. https://www.nextlevelfinancial.com.au/contact.html

19.01.2022 Its tax time! Its not too late to consider different tax saving strategies. The period ahead of 30 June is an opportunity to take advantage of strategies to boost superannuation and minimise tax.... Check out our tax strategies by following the below link! https://www.nextlevelfinancial.com.au/tax-tools-201920-fy.h

19.01.2022 Do you have sufficient personal insurances (life, TPD, Trauma cover and income protection) in place? Do you know why and when you could need them to protect yourself and your family? What expense will you incur if you are unable to ever work again and could you afford it?... Could you afford to take time off if you or your partner suffered a cancer scare or any other traumatic medical event? If you died would your spouse be able to continue supporting the family alone? Could your family afford to retain your home if something were to happen to you? Did you know you can insure your children against certain events? If you would like a complimentary insurance review then please fill in the survey which provide us with the info needed for the review and we will then be in touch to have a chat! This review includes an assessment/review of any cover you many have personally or inside super (most of us pay for insurance cover through super without even knowing) to see if it suits your needs and then, where appropriate, we can give you an indication of what could be suitable for you. For more information please head to our website https://www.nextlevelfinancial.com.au/ https://www.surveymonkey.com/r/Insurancesreviews

19.01.2022 Lets talk strategy! Do you know where you are heading and how you are going to get there? How long will it take you to repay your mortgage?... Should you be putting all your surplus into your mortgage or is there a benefit long term in directing some funds to super? Whats the sweet spot and why should you do it? Can you afford to send your kids to private school? How can you build wealth and manage the lifestyle balance? How much will you need to retire and how will you get from where you are now to what you need to be comfortable? How much income will your retirement balance generate for you and how long will these funds last you once you are no longer working? Do you have a detailed plan to track your progress? Get informed and get a plan of action for your future by booking an initial consultation with a member of our fabulous team! https://www.nextlevelfinancial.com.au/about-us.html

16.01.2022 Let’s talk budgeting! Financial goals inherently link in with our lifestyle goals as we often use financial parameters to help achieve our aspirations. A common misconception is that budgeting is only useful to those who overspend or struggle to meet financial commitments. This is incorrect.... Budgeting is a tool that focuses on building wealth for the future by ensuring you know where your money is going and planning to capture some cashflow to help you achieve your goals. These goals may to save by contributing to an investment or to pay down a debt or alternatively, to spend on things like holidays and family activities. Budgeting doesn’t always have to be for long term saving. We have a comprehensive budgeting offering that adapts overtime to include your greater financial planning needs whether you are great at saving or struggling week to week. We are here for you. For more information on working with a Budgeting Adviser email [email protected] or contact us via the below link. https://www.nextlevelfinancial.com.au/

15.01.2022 Government stimulus and changes to Centrelink deeming rates Among the current panic about coronavirus (which seems to be impacting all facets of life, not just the sharemarket) you may have noticed that the government today issued a stimulus package. The objective is to inject cash into the economy in the hope that people will start spending. Without listing all facets of the package, one that will have a direct impact is a $750 cash payment to Centrelink income support rec...Continue reading

15.01.2022 Is your Emergency Services Superannuation Plan (ESSS) working for you? It has come to our attention that many ESSS members know their funds offer great end results but everything that happens in between commencing work up until retirement isnt broadly understood. Next Level has always had a very successful relationship with ESSS members and find most people are unable to answer all the below questions in regards to their own fund:... Do you know how your final benefit is calculated? Are you making the most of opportunities to maximise your retirement savings? The ESSS is a hybrid scheme consisting of a defined benefit fund component and an accumulation fund component. The key difference between a defined benefit plan and an accumulation plan is the manner in which the final benefit is calculated. Do you know when you will reach your maximum benefit multiple? Or if working part time will impact your final benefit in the lead up to retirement? What is the difference between your salary and average superable salary? Are your contributions to the DB plan paying for other members retirement benefits? Once a member reaches their maximum benefit multiple any additional funds contributed will not enhance the members retirement balance. Its critical to seek advice on how your contributions can be used to benefit you when you are approaching or have reached this point. Have you given any thought to the options for your superannuation when you retire? Will you be paying too much? ESSS can be very cost effective at different points in a members working life but is it still the best option for you in retirement? Its critical to obtain advice on the options for your superannuation in retirement. Even a small difference in fees can make a significant difference to the value of your savings over the duration of your retirement Will the defined benefit provide sufficiently for your retirement? Are you going to have enough to live on? Did you know ESSS does not guarantee an income in retirement it merely guarantees the means by which a retirement or resignation benefit will be calculated. Will you have enough funds to maintain your lifestyle in retirement? What will you do with your lump sum to ensure it lasts the duration of your retirement? How much income can you expect to earn off your lump sum each year? These are all questions we answer for clients. We urge people to seek autonomous information and advice when they are approaching their maximum benefit multiple or retirement to ensure they are setting themselves up to meet their goals and sustain their desired lifestyle in retirement. For further information or to book a complimentary consultation please contact our office on (03)9188 4254 or [email protected].

15.01.2022 Let’s talk strategy! Do you know where you are heading and how you are going to get there? How long will it take you to repay your mortgage?... Should you be putting all your surplus into your mortgage or is there a benefit long term in directing some funds to super? What’s the sweet spot and why should you do it? Can you afford to send your kids to private school? How can you build wealth and manage the lifestyle balance? How much will you need to retire and how will you get from where you are now to what you need to be comfortable? How much income will your retirement balance generate for you and how long will these funds last you once you are no longer working? Do you have a detailed plan to track your progress? Get informed and get a plan of action for your future by booking an initial consultation with a member of our fabulous team! https://www.nextlevelfinancial.com.au/about-us.html

14.01.2022 On 1 July 2017, some major changes to the superannuation system will come into force. A summary of the changes and opportunities for clients can be found in the news section of our website. If you have any queries about the superannuation changes and how you will be impacted, please dont hesitate to contact Mark on 9880 9158.

13.01.2022 Next Level Financial Services has opened a new office in Mount Eliza. The office is located upstairs in the Ranelagh Arcade in the village. You can find us at Suite 10, 20-22 Ranelagh Drive, Mount Eliza. Our new telephone number is 03 9188-4254. Please contact our office for an obligation free appointment to discuss your financial needs.

12.01.2022 Lets talk insurance! Do you have personal insurances (life, TPD, Trauma cover and income protection)? Do you know the purpose of this cover and that you will likely have some insurances inside your superannuation fund?... Did you know you can insurer your income earning capacity? Why do you need personal insurances and what protection does it offer your family? What expense will you incur if you are unable to ever work again and could you afford it? Could you afford to take time off if you or your partner suffered a cancer scare or any other traumatic medical event? If you died would your spouse be able to continue supporting the family alone? Could your family afford to retain your home if something were to happen to you? Did you know you can insure your children against certain events? There are many ways to fund insurances to ensure the cover is affordable and we feel everyone deserves to be informed. Complete the insurance review survey below for a complimentary insurance review. https://www.surveymonkey.com/r/Insurancesreviews

12.01.2022 Coronavirus update - further stimulus announced - JobKeeper Payments As youll have likely seen in the press the government has announced some further stimulus measures in addition to those already announced and have also amended a key component for those seeking the JobSeeker allowance (please see below, towards the end of this email). We have attached the previously announced measures for reference on our webpage in downloadable PDF form as they remain relevant, but the key...Continue reading

11.01.2022 Have you checked out our Financial Tool Kit! Our Financial Tool Kit is where you will find different financial tools and information designed to assist you on your financial journey. These tools include different questionnaires, surveys and information documents that will not only assist your understanding on different topics but will also identify areas of your plan you could benefit from some guidance. Follow the link to check out the Financial Tool Kit! ... https://www.nextlevelfinancial.com.au/financial-tools.html See more

10.01.2022 Insuring your future Most people are familiar with the concept of insurance but many dont realize they should and could be insuring your financial future against the risk of illness and injury! What types of cover are there?... The attached table provides a high level summary of the different types of insurance cover available to an individual. Is insurance expensive? The real question you should be asking yourself is what expense will you incur if you are unable to ever work again? Or could you afford to take time off if you or your partner suffered a cancer scare or any other traumatic medical event? Its a common misconception that taking out personal protection means that you will be incurring a large amount of additional cost as there is a number of ways the cover can be structured and held. The perceived cost of insurance should never deter you from finding out what your options are. Do I need to hold all types of cover? If you died would your spouse be able to continue supporting the family alone? Would your family have to sell the house to get by if something were to happen to you? Did you know you can insure your children against certain events? If you or your family rely on your income then the answer is you should be considering what insurances are applicable to you. Going through life without insurance is like driving your car without a seat belt. Nobody knows what the future holds and we are all exposed to different risks many of which are out of our control. There is no magic amount of insurance to hold its a case by case assessment. Can you still get insurances if you dont work? In a word YES! How does obtaining insurances work? The easiest way would be to have a complementary initial appointment to discuss your circumstances and what the appropriate types and levels of cover would be. For further information or to book a complimentary consultation please contact our office on (03)9188 4254 or [email protected].

09.01.2022 Coronavirus update - government support and stimulus measures Sadly it seems that barely an hour goes by without further distressing news about COVID-19. You will no doubt have seen the Australian governments response announced yesterday. Given the breadth of the measures weve summarised them into the documents uploaded on the webpage (see link below) - one specific to individuals & households and the other specific to small and medium businesses....Continue reading

06.01.2022 Coronavirus update - JobKeeper and JobSeeker Payments extended The Federal Government yesterday announced that the JobKeeper and JobSeeker payments will be extended beyond the previously announced end-dates in September 2020. This is a positive development, although the level of the benefit available and some of the terms applicable to the schemes has changed. ... In summary: The JobKeeper program is being extended until March 2021, however the level of the benefit is being reduced and the test for eligibility (a reduction in business income) is being tightened. The coronavirus supplement (which applies to JobSeeker and other Centrelink benefits) is being reduced from $550 per fortnight to $250 per fortnight from 25 September 2020 and is due to expire on 31 December 2020. The assets test and mutual obligation requirements will be reintroduced for the JobSeeker benefit, however the income test requirements are being adjusted in favour of applicants. For a detailed rundown on the changes to payments rates for both benefit schemes, new requirements and eligibility read the full summary on our news page. https://www.nextlevelfinancial.com.au/articles--news.html

06.01.2022 Team Member of the week! Gavin joined Next Level Financial Services in April 2017 as a Senior Financial Advisor. Gavin has a Bachelor of Economics from La Trobe University as well as a Diploma and Advanced Diploma in Financial Planning. As a Senior Financial Planner, Gavin has nearly two decades of experience in the financial advice sector after starting his career in the 90s as a graduate in the Money Market at the NAB before entering into financial planning. ... He has extensive experience and knowledge in investment markets and economies as well as the technical and legislative areas of advice, in particular, superannuation, retirement planning and estate planning. Away from the office, Gavin enjoys spending time with his two sons, in particular if that involves cricket, football or fishing! Gavins dream came true when the Western Bulldogs won the AFL premiership in 2016 after being a long suffering supporter. Gavin works from the Balwyn office. Call 03 9188 4254 or 0433 350 579 or email to book an appointment with Gavin.

05.01.2022 Team member of the week! Mark is the Director of Next Level Financial Services. He helps individuals manage their wealth. Mark holds a Bachelor of Commerce at Melbourne University, a MBA from Melbourne Business School and a Diploma in Financial Planning. As a Senior Financial Adviser, Mark has extensive experience in financial services specialising in superannuation, investments, tax effective investment, risk insurance, asset protection and estate planning.... Mark actively advises Next Levels clients to assist them in identifying opportunities and strategies to maximise their wealth. He is involved in all aspects of the relationship with clients from the first meeting to the implementation of the financial strategy through to the ongoing review and fine tuning of recommendations. As the Director, Mark also works on Next Levels strategic direction and his responsibilities extend to marketing Next Levels services to new clients as well as developing business partnerships with other professional services firms. Away from the office, Mark is a committed father, who long ago gave up believing that he could outsmart his daughter. He also has a wide range of sporting interests and his mood of a Monday morning can often be traced to North Melbournes football team performance on the preceding weekend. Mark works from both the Balwyn and Mount Eliza offices. Call 03 9188 4254 or 0409 222 507 or email to book an appointment with Mark.

05.01.2022 Changes to superannuation legislation! After-tax contributions to superannuation can now be made up to age 67. What changes apply from 1 July 2020?... 1. The age limit for making after-tax contributions to superannuation without meeting the work test has increased from 65 to 67. This means that all those aged 66 and under can now make after-tax contributions to superannuation irrespective of their working status. 2. The pull forward rule enabling maximum contributions of up to $300,000 over 3 consecutive financial years is being extended to age 67. Please note that this measure is yet to pass parliament, but is expected to pass in August 2020 well keep you informed of progress. The change in regulations provides further flexibility over coming years to ensure individuals have the maximum possible funds within a tax-free environment at retirement. The main advantage will be the extension to the period of time that everyone will be able to get funds into superannuation even if they are not working past age 65. For more information check out the updates on our news page! https://www.nextlevelfinancial.com.au/articles--news.html

05.01.2022 Let’s talk insurance! Do you have personal insurances (life, TPD, Trauma cover and income protection)? Do you know the purpose of this cover and that you will likely have some insurances inside your superannuation fund?... Did you know you can insurer your income earning capacity? Why do you need personal insurances and what protection does it offer your family? What expense will you incur if you are unable to ever work again and could you afford it? Could you afford to take time off if you or your partner suffered a cancer scare or any other traumatic medical event? If you died would your spouse be able to continue supporting the family alone? Could your family afford to retain your home if something were to happen to you? Did you know you can insure your children against certain events? There are many ways to fund insurances to ensure the cover is affordable and we feel everyone deserves to be informed. Complete the insurance review survey below for a complimentary insurance review. https://www.surveymonkey.com/r/Insurancesreviews

04.01.2022 Coronavirus and market update As markets continue to tumble Id like to provide a brief update below with some discussion on the potential impact and our recommended response. For those without much time to read, Ill repeat a line that appears below to best summarise our thoughts - our response to this crisis is exactly in line with our previous advice. Its never easy seeing losses, but we need to beware of the potential costs of taking steps that deviate from established... strategies. We advocate long term investment and we dont advise being distracted by shorter term events, however much noise there may be in the media or elsewhere. For those who want to read more see the full article on our webpage: https://www.nextlevelfinancial.com.au/articles--news.html

03.01.2022 Its tax time! The 30 June deadline is getting close so make sure you are on top of your EOFY strategies by checking out the 2019/20 FY tax tools below! https://www.nextlevelfinancial.com.au/tax-tools-201920-fy.h

03.01.2022 Overview of the federal budget The much anticipated budget was handed down by federal government last night. As expected the focus is expansionary to pump money into the economy. ... Follow the link to our articles and news for an overview of the key issues that we expect will most impact individuals including upcoming tax cuts! https://www.nextlevelfinancial.com.au/articles--news.html

03.01.2022 Let’s talk super! What are the benefits to maximizing your superannuation ahead of retirement? Are you trying to build wealth but finding it difficult with daily life and expenses?... Did you know you can use superannuation to wealth build? Do you know what tax advantages are available when you build wealth in superannuation and why it’s worthwhile? Did you know you can build personalized investment portfolios within superannuation? Many people have large sums of money sitting in superannuation but because it is out of sight it’s out of mind and they fail to ensure it is being managed properly. You would never be uninterested in $50,000 you had sitting in your bank account so why is superannuation any different? Take control and get informed by setting up your initial consult with one of our fabulous team members! https://www.nextlevelfinancial.com.au/about-us.html

01.01.2022 Over the last few weeks we have been asked numerous questions about personal insurances (life, TPD, Trauma cover and income protection) as we come to terms with the changing environment and the new measures we need to take to protect ourselves and our community. Given the uncertainty we want to offer to conduct a complementary insurance analysis for anyone who would like one. This will involve an assessment/review of any cover you many have personally or inside super (most ...of us pay for insurance cover through super without even knowing) to see if it suits your needs and then, where appropriate, we can give you an indication of what could be suitable for you. Our motivation is simple - we believe people have the right to be informed of what is available and we feel like this is a way we will be able to help give people some piece of mind in this scary time. Please fill in the survey which provide us with the info needed for the review and we will then be in touch to have a chat! Feel free to share this as its open to everyone! If you are not sure then ask yourself the below questions if you answer NO to any then you would benefit from a review. What expense will you incur if you are unable to ever work again and could you afford it? Could you afford to take time off if you or your partner suffered a cancer scare or any other traumatic medical event? If you died would your spouse be able to continue supporting the family alone? Could your family afford to retain your home if something were to happen to you? Did you know you can insure your children against certain events? https://www.surveymonkey.com/r/Insurancesreviews

01.01.2022 Meet the Team https://www.nextlevelfinancial.com.au/about-us.html

01.01.2022 Next Level Financial Services has a second office in Mt Eliza to service the lovely Mornington Peninsula! Check out our website for a range of great financial tools or contact our team! We would love to hear from you! ... https://www.nextlevelfinancial.com.au/contact.html