Precise Wealth Management in Penrith, New South Wales | Financial planner

Precise Wealth Management

Locality: Penrith, New South Wales

Phone: +61 2 8208 6057

Address: 23 The Crescent 2750 Penrith, NSW, Australia

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

Likes: 80

Add/Update information

Reviews

Tags

• Business service
• Financial planner
• Insurance broker

25.01.2022 In remembrance for all those brave soldiers that fought and gave their lives for our great nation so we can live in such a blessed country. Lest We Forget!!

25.01.2022 Wishing you a Wonderful Easter Long Weekend. Please ensure to adhere to the social distancing and keep safe ! IMPORTANT: Double demerit points still apply from today.

22.01.2022 Federal Budget 2018/2019 The long awaited budget has been finally handed down. Below I have attached a brief summary/info-graphic of the main budget highlights.... Please don't hesitate to contact me on (02) 8208 6057 if you have any questions or would like to know in more detail how these changes may affect you. Disclaimer The information contained in this post is of a general nature only and neither represents, nor is intended to be, specific advice on any particular matter. The contents are not to be relied upon as a substitute for financial or other professional advice and has not taken into account your individual objectives, financial situation or needs. Prior to implementing anything discussed, please seek professional financial, taxation and legal advice. While the sources for the material are considered to be reliable, responsibility is not accepted for any inaccuracies, errors or omissions.

22.01.2022 May 2017 Budget Highlights. I finally manage to put together a list of the most important highlights of this May 2017 Budget and how it may affect you. Please click on link below:... https://www.precisewealthmanagement.com.au/may-2017-budget- Please remember that I am always available if you wish to discuss in more details how these announced budget changes may affect or help you personally on (02) 8208 6057.

21.01.2022 Wishing You A Safe & Happy Easter!!

21.01.2022 The Most Popular Retirement Regions? The Australian Bureau of Statistics (ABS) recently published population estimates by age and sex which provides a timely opportunity to look at the housing market performance of those council areas nationally which are most popular with over 65s. Queenscliffe in Victoria was the council region that had the highest proportion of residents aged over 65 years of age at the end of June 2016. Although Queenscliffe has relatively few resident...s overall (2,904), 40.3% of the council areas residents were at least 65 years old. The accompanying list highlights the 50 council areas nationally with the highest proportion of residents aged at least 65 years of age. What is immediately noticeable is that not one of these 50 council areas is located within a capital city. In fact, if you list all councils nationally by their proportion of residents aged at least 65, the first capital city area listed is Holdfast Bay in Adelaide with 23.1% of its residents at least 65 years old. Council areas within New South Wales and South Australia also dominate the list with each of these states having 13 entries on the list A further feature of the list is that these retiree-centric council areas tend to have significantly lower median house values than the individual state capital city housing markets. This may be due to retirees moving to areas where housing is more affordable in order to free-up capital for them to enjoy their retirement, it could also be out of necessity due to the high cost of housing within most capital cities. The locations are also likely to be linked to lifestyle preferences, with a large number of the top council areas located in regional coastal areas. Looking at the value growth performance for houses across these top 50 regions, the data shows that generally the rate of growth has been lower than that of the larger capital cities. 31 of the 50 council areas listed have seen house values rise over the past year. The small council area of Quairading in Western Australias Wheat Belt region has seen the greatest growth over the year (+21.5%) followed by Shoalhaven in New South Wales (+15.3%). Of those council areas that have recorded house value falls over the past year, the greatest falls have been recorded in Mount Remarkable in South Australia (-7.1%) and Flinders in Tasmania (-5.2%).

20.01.2022 Wishing You An Awesome Australia Day and I hope you have a wonderful time with friends and family.

19.01.2022 Finally some great news for retires!!! Key points: 1) The deeming rate will decrease from 1.75 per cent to 1 per cent for financial investments up to $52,000 (single pensioners) and $86,000 (couples)... 2) The upper deeming rate will be cut to 3 per cent from 3.25% for. The changes mean single pensioners will see up to $804 extra a year in their pockets, and couples up to $1,053.

18.01.2022 Building Wealth Through Equity!! I came across this great video clip created by Cartoon Network, absolutely Awesome!! What a great way to learn about "EQUITY" and wealth.... If you have any questions, please don't hesitate to contact me on (02) 8208 6057. https://youtu.be/iS_G0aICG9o

17.01.2022 Wishing you a wonderful EASTER long weekend. Please drive safely (Double Demerit Points Started Today until Monday the next week) and eat chocolate in moderation !!!

17.01.2022 First Home Savers Account: I have recently received many inquiries regarding the proposed "First Home Savers Account", how it works and if it is already available, so I hope this article will help answer a few of your questions. IMPORTANT: Please note that this scheme is not law yet, and even if it does pass through the parliament it may not pass in it's current form. So it is important to speak to a Financial Adviser before deciding if this scheme will suit you.

16.01.2022 Don't Forget To Claim Your $100 Active Kids Voucher!!! From the 1st of January 2018 and for the next 4 years, NSW families will be entitled to $100 for each school child who participates in a recognised sporting activities (Note: Chess is not one of them ). The $100 is paid in the form of a voucher that can be used to pay for sport fees. It cannot be used to purchase sporting equipment. The sporting organisation must ne registered with the Active Kids Program to be able to a...ccept the vouchers. Note: The program is not means tested, which means it is available for everyone. Further details on the program can be found on the link below: www.sports.nsw.gov.au/activekids Please don't hesitate to contact us for any of your Financial Planning queries or requirements on (02) 8208 6057

16.01.2022 Great News for borrowers and buyers, but not so great news for Retirees!!!! The RBA has officially cut the official cash rate to 1.25 per cent after months of speculation around a cut. If you have any questions, or would like to know how this rate cut may impact your retirement plans, please don't hesitate to contact us on (02) 8208 6057.

14.01.2022 Great news for the borrower but not so good news for the retirees!!

13.01.2022 ACTIVE KIDS (Commencing 31 January 2018)!! What is active Kids? The NSW Government will provide a $100 voucher to parents/guardians of school enrolled children. The $100 voucher can be used for registration and participation costs for sport and fitness activities.... What can the voucher be used for? The voucher can be used for registration or membership fees for structured activities of no less than eight weeks duration that provide a moderate to vigorous level of physical activity, for example: sporting pursuits swimming lessons structured fitness program outdoor education programs approved active recreation (dance etc) equipment ordinarily provided by the provider on registration for competition. https://sport.nsw.gov.au/sectordevelopment/activekids

12.01.2022 First Home Loan Deposit: I have recently been receiving many calls regarding this new government scheme and how it works. So I have decide to writ a blog, that hopefully will answer many of these common question.... Also remember you can always contact us to find out more or if you require further assistance on (02) 8208 6057.

12.01.2022 First Home Super Saver Scheme!! I came across this recent article referring to the First Home Super Saver Scheme, were by making voluntary contributions into yo...ur super, these can later (Note: Starting from the 1st of July 2018) be withdrawn and used as part of your deposit towards the purchase of your first home. Please be aware that not mentioned through out this Video/Article, although this maybe a great strategy (depending of your personal circumstances), this Scheme has not yet been introduced through the Parliament (Note: This Bill will need to pass before it becomes law), which means that if you have made these type of contributions after the 1st of July 2017 with the intention to later access these funds, it is important to understand that you may run the risk of not been able to. Please don't hesitate to call us if you have any questions on how this scheme works (02) 8208 6057

11.01.2022 Wishing you all a safe and Happy Easter Long weekend. IMPORTANT: Please also remember that double demerits points started today and end on Tuesday the 18th of April.

10.01.2022 Labor Party Proposals?? With only a few days before the election, I have been receiving many inquiries not regarding Liberals proposals but Labors Tax & Superannuation Proposal. I guess, if we follow the recent polls, there is a good chance that Labor will win the election and they are very keen to introduce most of these proposal ASAP.... Please keep in mind that these are only proposed policies and that they need to pass the House of Representatives and the Senate before becoming law. Please click on link below to view Labor Announced Tax & Superannuation Policies (Proposals) if elected: https://www.precisewealthmanagement.com.au//labor-party-pr To find out how these changes may affect you, please don't hesitate to call us on (02) 8208 6057

09.01.2022 2017 Federal Budget Brief Analysis First home savers, downsizers and small business are winners in Treasurer Scott Morrisons second Budget while taxpayers face an increase in the Medicare levy. Key measures include:... - Individuals aged 65 or older will be able to make non-concessional (after-tax) super contributions of up to $300,000 from 1 July 2018, using proceeds from the sale of the family home. - First home buyers will be able to save for a deposit from 1 July 2017 by making voluntary concessional and non-concessional super contributions. - The Medicare levy will increase from 2% to 2.5% pa from 1 July 2019 to fully fund the National Disability Insurance Scheme. - The ability for small businesses with an annual turnover of $10 million or less to claim an immediate deduction for eligible assets costing less than $20,000 each will be extended for 12 months to 30 June 2018. - Individuals who lost entitlement to the Pensioner Concession Card as a result of the 1 January 2017 assets test changes will be reissued with the card. - Eligible pensioners will be entitled to a one-off Energy - Assistance Payment of $75 for singles and $125 per couple from 20 June 2017. - Family Tax Benefit Part A and B payment rates will not be indexed for two years. - The maximum Liquid Assets Waiting Period will increase from 13 to 26 weeks. A link to a more detail budget report will be available soon! For any questions, or to find out how these budget changes may affect you, please don't hesitate to contact us on (02) 8208 6057.

07.01.2022 A day to remember the sacrifice and service of men and woman for our amazing country. Thank You!! I am so proud to be an Aussie !!

06.01.2022 Proud to Sponsor such a great event "Girls Rising".

06.01.2022 At its meeting today, the RBA decided to leave the cash rate unchanged at 1.50 per cent. The housing markets in Sydney and Melbourne have slowed. Nationwide measures of housing prices are little changed over the past six months, with prices having recorded falls in some areas. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. APRA's supervisory measures and tighter credit standards have ...been helpful in containing the build-up of risk in household balance sheets, although the level of household debt remains high. The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

04.01.2022 RBA takes today unprecedented action!! In an emergency meeting called weeks ahead of its usual date, the RBA has taken the unprecedented step of cutting rates t...o 0.25 per cent and committing to the purchase of government bonds in the secondary market a quantitative easing program. At some point, the virus will be contained and the Australian economy will recover, RBA Governor Philip Lowe said in a statement. In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly. More to come.

04.01.2022 I would like to wish you all a Merry Christmas and a wonderfully and New Year!! P.S. Please drive safely and remember that DOUBLE DEMERIT POINTS start tonight!!

03.01.2022 Anzac Day is a time to reflect on the sacrifices made and to offer support to all past and present defence personnel who may be traumatised by their experiences.... Our Chairman, Jeff Kennett, called on everyone to help fight against the stigma of mental health conditions and to declare war on veteran suicide during his commemorative address at Remembrance Day last November. Many who return dont leave those battlefields behind. They bring the battles home with them they carry them inside. Our obligations to those who return, should be, and must be, that they are safer here on home soil, than when away. If today is a particularly difficult day for you, the bravest thing you can do is to reach out and seek support. You can contact our Support Service 24/7 on 1300 22 4636 or www.beyondblue.org.au/get-support Photo credit: NZ Defence Force

01.01.2022 Great News for First Home Buyers: First home loan deposit scheme has been introduced. Legislation has passed that allows eligible first home buyers to purchase a house with as little as a 5% deposit via the First Home Loan Deposit Scheme.... For more information, please click on link below: https://www.precisewealthmanagement.com.au/resources

01.01.2022 What a surprise today, when I arrived at my office to receive a Thank You Gift from one of my clients!!! What a awesome way to start the day (Thank you guys!!)

01.01.2022 Great News for Pensioners!! Tomorrow is the half-yearly review of the Commonwealth welfare payments rates. Although I wouldn't go out there on a spending spree, you are guaranteed a extra coffee or schooner of beer to celebrate. Click on the link below for a more detail review on tomorrows Commonwealth Welfare Rates changes.... https://www.precisewealthmanagement.com.au/resources Please don't hesitate to contact us if you have any questions regarding these upcoming changes on (02) 8208 60557.