PKF Wealth in Tamworth, New South Wales | Financial service

PKF Wealth

Locality: Tamworth, New South Wales

Phone: +61 2 6768 4560

Address: 22-24 Bourke Street 2340 Tamworth, NSW, Australia

Website: http://pkf-nenw.com.au

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25.01.2022 August 21-27 is Financial Planning Week! Do you need help with being able to live your dreams? www.moneyandlife.com.au/articles/living-the-dream-video

25.01.2022 One week left, do you know the answer to this question? Don't forget to enter our Facebook Quiz. Like, share and leave your answer below.

23.01.2022 Enter our quiz to win a Powerhouse dining voucher. Like and share our page and comment below.

20.01.2022 Superannuation and your beneficiaries. A beneficiary is someone who will receive a benefit or asset in the event of the owner’s death. To ensure your super fund knows what you would like to do with your super benefits after you are gone, you can nominate a beneficiary. Generally, a beneficiary must be a dependent (spouse or child and a whole lot of detail in that area). You can also nominate more than one beneficiary by specifying a percentage of your benefit that you woul...d like each person to receive. The nomination can be either binding or non-binding. What is a superannuation death benefit? A death benefit is the account balance of the deceased and any life insurance cover held with their super fund. If you make a binding nomination, the trustee of the super fund is required, by law, to pay your death benefit to the person or people you have nominated when you die. This can be done as long as the nomination is valid at the time of your death. A binding nomination is generally only valid for 3 years. Therefore, it is important to update this information and ensure you have a valid nominated beneficiary in place. You can make a non-lapsing Binding nomination, this is the same as a binding nomination, however, this does not have an expiry date. If you have a non-binding nomination, the trustee of the super fund can decide who to pay your death benefits to, however, they are legally required to determine who your dependents are and any other relevant considerations at the time of your death. The trustee still has the final say and could pay your benefits to someone not nominated by you when you die. There can be a lot of detail in the nomination of beneficiaries and taxation impact on benefits paid. This is general commentary only, and if you need personal advice for your situation you will need to talk to a licensed financial adviser.

19.01.2022 Where is your superannuation at? One of the first steps towards taking control of your superannuation (super) is finding out your existing situation. Do you know where your super is held and do you have more than one super account with various funds?... You may have lost super due to name change, change in address, change in job or have done part-time or casual work. You can check your super by registering for the Australian Taxation Office’s (ATO) online services via myGov. This will allow you to see details of all your superannuation, including any lost or forgotten super. You will also be able to find ATO-held super, this can be rolled over from the ATO to your new super account by completing a superannuation fund nomination form (NAT8676). Having your superannuation in one account has benefits which may include fee savings on your account, reduced paperwork and easier to track. Transferring your super into one account is an easy process, however, it is advised to first check the details of each fund you have, to confirm which one is best for you. Also check if your existing super fund may charge an exit fee or if you have insurance held with that fund. Don’t forget to let your employer know about any changes to your super so they can continue to make employer contributions into the correct account. Note that this is general commentary only, and if you need personal advice for your situation you will need to talk to a licensed financial adviser.

19.01.2022 Greig Meyer attending the Perpetual Regional Roadshow.

18.01.2022 Debbie’s farewell Yesterday PKF Wealth joined together with PKF New England Chartered Accountants to celebrate and say farewell to our much-loved employee Debbie Denniss. Debbie has been with PKF Wealth since the beginning and has worked along side Greig for the past 14 years. All that have had dealings with her know that she goes above and beyond her call of duty to help. Her enthusiasm and bubbly personality have been her trade mark over the years. She will be missed and we wish her all the best for the future.

17.01.2022 Thanks to everyone for their answers to our Facebook quiz. The correct answer is age 60. From age 60 onward all super fund members have the option to start a transition to retirement pension even if they are still working. The winner of the Powerhouse dining voucher is Lee Cuff. Congratulations.

17.01.2022 2019 PKF Wealth client seminar Last night PKF Wealth hosted our annual client seminar at the Tamworth Community Centre. Director of PKF Wealth, Greig Meyer was the speaker for the evening. His discussion covered our new AFSL licence, the processes involved in obtaining it and how this change affects clients. He also discussed in more detail the current state of investment markets. ... As an adviser, Greig is always asking clients all the personal questions and as a finish to the talk decided to flip into reverse and we were treated with an insight into his life growing up and how he came to be a financial planner. This was very interesting, especially when childhood photos appeared on the main screen. The seminar was a good insight into the world of PKF Wealth for the last 12 months. As usual the feedback was that the PKF Wealth team had once more excelled on the food catering (no bought bikkies here).

16.01.2022 PKF Wealth Team PKF Wealth Tamworth has had a few staff changes over the last few months. Greig Meyer the Senior Financial Adviser, and Belinda Goosen (Paraplanner and Office Director) are glad to welcome to the team Monique and James. ... Monique Bowen has taken on the important role of Client Services Officer. Monique grew up in Tamworth and attended McCarthy Catholic College. Monique previously worked at BAE Systems as a trainee, while gaining a Diploma in Business Administration. Monique then worked her way into the role of project administrator and is now learning how the finance industry works. She loves forming connections with people and will be the first point of contact for the business from now on. For our third year in a row we have hired a gap year student and in January 2020 we welcomed James Smith. James also attended McCarthy Catholic College last year and achieved exceptional results, especially in Mathematics. He will be heading to the University of New South Wales in Sydney next year to study a combined Bachelor of Arts (Economics) & Bachelor of Science (Mathematics). Team photo: From Left Monique Bowen, Greig Meyer, Belinda Goosen & James Smith

16.01.2022 In the weekend feature of Saturday's Northern Daily Leader publication, Greig Meyer shares his thoughts for the future of our region. http://www.northerndailyleader.com.au//planning-a-centur/

14.01.2022 Tamworth Junior Chamber of Commerce is running an evening event tomorrow night (19 June) on financial skills. Link provides details.

13.01.2022 Greig Meyer pictured with Mark Fisher (Securitor's Managing Director). Attending the 2 day BT Professional Days in Sydney this week.

12.01.2022 Looking for a local financial planner?

10.01.2022 Cryptocurrency bubble No matter the merits of block chain technology, the last time a bubble was this obvious was the technology stock boom of 1999/2000. And just as technology stocks rose to stratospheric heights and valuations became meaningless, the same is now happening with the cryptocurrencies. While the bubble appears to be getting late stage given that Bitcoin is making daily headlines this is not a certainty and it could rise to much greater heights yet. But only those who sell for more than they paid will make money (obviously). And like all bubbles, the higher the rise, the bigger the fall.

08.01.2022 Wednesday lotto day! Sadly, the lotto is not a financial plan.

05.01.2022 Retirement planning. We all enjoy a certain level of comfort and have a preferred lifestyle. Are you on track to maintain the same lifestyle when you reach retirement? While it may seem impossibly far away, the only way to ensure a comfortable retirement is to start planning early. Retirement planning tips:... 1. Get Advice: there are many options to maximise your retirement savings. Salary sacrificing, non-concessional and concessional contributions, transition to retirement income streams, Self-managed super funds, shares, property, taxation, the list goes on. 2. Understand what you can afford: How much income will you need to maintain your current lifestyle in retirement? You may wish to travel more or entertain, either way you need be cautious when deciding how much is enough. It is best to not estimate too high as this may seem unattainable or too low as this may make retirement a struggle when the time comes. 3. Start saving: whether you have 25 years away from retirement or 5 years, saving for retirement is the most important step to take, and the more you can put away the earlier the stronger the final outcome. 4. Stay on track: we have many changes or obstacles in our life and it is important to remain focused on longer term goals as well as the immediate emergencies. Retirement planning is not just about superannuation. Preparation for retirement also means clearing debt (home mortgages and personal loans) and being realistic about what you will be able to achieve with the funds you have accumulated. An interesting read on wealth accumulation: https://www.smh.com.au//a-woman-who-studied-600-millionair Note that this is general commentary only, and if you need personal advice for your situation you will need to talk to a licensed financial adviser.

03.01.2022 PKF Wealth Tamworth now self-licensed! As of 6 September 2019 PKF Wealth* is now trading under its own Australian Financial Services Licence after a successful transition out of Securitor Group. We now have the freedom to make decisions in a number of areas that were previously out of our control. For instance, with regards to investment selection we are no longer subject to any artificial corporate restrictions that the Westpac group imposed on Securitor. ... Since starting in 2012 PKF Wealth has become one of the leading financial advice firms in the New England area and is now better placed than ever for the future. (*Note that this is only in reference to PKF Wealth based in Tamworth & Walcha. Other PKF Wealth offices have different licensing arrangements.)

02.01.2022 A Dramatic Christmas for share markets As an investor you get excited when you notice your investments increasing. However, you do wonder about market crashes and the prospect of losing a big chunk of your gains should this happen. There is good news and there is bad news. The bad news is that it is nearly a sure thing that the market will crash. It could be a year from now, two years or even tomorrow. The reason this is inevitable is based on market history and a significa...nt market decline that happens every now and then. The last major decline was in 2008, and before this was 2004 and 2000. The good news is that based on historical data, the decline does not last long and typically improves in less than two years. You can take steps to prepare for a crash and you can have a plan in place to know what you will do when it does happen. The key point is not to worry too much and not panic during these times. Stock markets are most effective when used for long-term investing so if you need these funds in the next 5 years, then selling out at a loss can be a reality. The big question is Why did the market drop near the end of 2018?. There are many possible reasons; US government shutdown, the ongoing tariff war between the US and China, China’s slowing economy and Brexit dramas in Europe. However, pinning market movements to real world events is tenuous at best. Your main focus should be on building a mental approach that allows you to cope with the inevitable share-market falls that come after the gains.