Pollock Financial Planning in Chermside, Queensland | Financial service

Pollock Financial Planning

Locality: Chermside, Queensland

Phone: +61 7 3350 1255

Address: 51 Playfield St, Suite 14 4032 Chermside, QLD, Australia

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

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07.02.2022 Low interest rates getting you down? With the official Reserve Bank of Australia interest rate at 0.10% and some Banks offering 12-month term deposits of up to $2,000,000 at 0.40%, it may be time to consider investment alternatives to bank deposits, particularly if taxation on earnings currently applies! If the return on your cash holdings isn’t outpacing inflation, or if you are concerned about what your hard-earned savings will be able purchase into the future, start a conversation today with Pollock Financial Planning to discuss your options and build real wealth into the future.

25.01.2022 Do you, or someone you know, have a retirement income stream such as an allocated pension account? Please be aware that your payment amounts are possibly going to change as a result of Covid-19 temporary reduction in superannuation minimum payment amounts. If you are uncertain as to what this may mean for you or what opportunities this may provide you, please contact our office on 07 3350 1255. https://www.ato.gov.au//key-superannuation-rates-and-thr/

24.01.2022 Are you considering purchasing your first home or substantially renovating your existing home? Then please be aware of the government’s HomeBuilder initiative and Queensland’s own Regional home building boost grants: https://treasury.gov.au/coronavirus/homebuilder https://www.qld.gov.au//finan/regional-home-building-grant... As debts are taken on, personal protection strategies should be considered to protect against unexpected personal injury and the financial impacts that this could have on yourself or family position. We can assist with advice to protect your financial position and encourage you to contact our office if this is an area of interest to you.

21.01.2022 Are you, or someone you know, planning for retirement or recently retired? You will want to know about your superannuation contribution options, as these continue to evolve. Legislation allowing members aged 65 and 66 to make voluntary super contributions without needing to satisfy a work test (or work test exemption) takes effect on 1 July 2020. As a result, members under age 67 have up to two extra years from the start of the 2020-21 year to make additional voluntary contr...ibutions even if they have retired from the workforce. This is just one matter that should be considered and we can provide expert advice the many issues that should be considered as you approach retirement. To start this conversation, please contact our office!

18.01.2022 Insurance in Super, do you have it and how much are you now paying? Have you heard that most super funds are raising premiums and that some have increased by as much as 60%? A substantial premium increase can quickly eat into the future value of your retirement assets. ... Your superannuation fund will be one of your largest financial assets accumulated over a lifetime. Reviewing your super and insurance needs now can help determine if the cover needs to be decreased/increased, cost effective for your needs, and what options you have in relation to protecting you and your family long-term. Get in contact with Pollock Financial Planning now to start a conversation today.

16.01.2022 Another financial year has now passed and individual’s should be considering matters associated with tax returns, particularly if a refund is a possibility or you are retired. If you are retired and hold either direct shares or a managed investment in your name, please make sure you are claiming back the franking credits attached to any Australian share dividend payments associated with these investments. This is particularly important if you are retired, as you may not alrea...dy be completing a tax return. The ATO has a simplified process that can be followed obtain a refund: https://www.ato.gov.au//Refund-of-franking-credits-instruc Unsure what is involved, or haven’t reviewed your personal and financial position for some time? Please contact our office on 07 3350 1255.

06.01.2022 Is 9.5%pa enough for your retirement? Employer’s are currently required to contribute 9.5% of your employment wages to super, for your retirement. Is this enough and are you on track towards your retirement income targets? Are you aware of the significant pre-tax wealth creation strategies available to you that could increase your retirement nest egg?... If not, then I would encourage you to take control of your finances and start a discussion about how to better provide for your family’s financial future. Contact one of our advisers, as a better outcome starts with a single conversation and our advisers can advise you on this matter and others to improve your financial future.

03.01.2022 Working hard and interested in building wealth for yourself, your family and your future? Superannuation contribution strategies should be considered as part of everyone’s retirement planning options, particularly if you have the earnings capacity to take advantage of catch up concessional contributions, or intend to sell an asset with an associated capital gain. Contact our office to obtain professional advice before making large financial decisions and start the advice conversation today!