Trinity Financial Advisers in Hurstville, New South Wales | Financial service

Trinity Financial Advisers

Locality: Hurstville, New South Wales

Phone: +61 1300 887 337

Address: Suite 2, 15 Forest Rd 2220 Hurstville, NSW, Australia

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

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25.01.2022 Good afternoon Equity markets continue to fall as a result of COVID-19 panic selling. Make no mistake we are in the face of unprecedented times. We have two competing priorities, one is a public health issue the other is economic. Both have costs instant and lagged. Focus on the economics and lives are at risk, focus on public health and economies suffer like never seen before. I am not here to argue which to focus on. What I am seeing is that the panic is leading to irr...ational behaviour. Whether you hold money in a super fund, you have purchased shared individually and created your own portfolio or you have a bunch of managed investments sentiment and confidence has been decimated. If you have had good financial advice, then I would suspect that you are in contact with your adviser and have had a conversation about what to do next. The key is to not make rash decisions and crystallise loses at the lowest point. The landscape over the last 20 trading days has not been reassuring and sadly we see many proceed to selling down taking risk off into safer havens According to Sunsuper head of advice and retirement, Anne Fuchs. Members at Sunsuper that dont have a planner are switching to cash and calling us for validation and we cant give that, Over the last week and a half theres been a huge overwhelming flow of requests. Having been through a number of market events that have caused severe dislocation (I was 10 years old when Black Monday in Oct 87 hit), the most recent is the dark days of the GFC Sitting in an office in London my company at the time was managing 37 billion in assets advising and coaching clients on how to deal with a crisis event. I remember clearly Lehman Brother folding triggering a domino effect and volatility sent to orbit There were many lessons to be learnt from the GFC allowing me to be a better adviser but most prominent from client feedback was the steady hand the guides clients when their thoughts and actions become a reaction without merit. Experiencing these market dislocations has allowed me to understand and process client psychology and equally provided me with self-confidence because I have been there and through that. Dont get me wrong, there are days where my stomach churns and I dont want to look at the red splashed all across my screens. I do however because those formative experiences have allowed me to craft my skill, to exude steadiness, confidence and most importantly provide clients with what they are looking forleadership alongside sincere and intense conviction. A real danger now is many will be inclined to make irrational calls in managing the dislocation we are witnessing. If you want to discuss your circumstances then please lock in some time gratis here https://calendly.com/joseph-meawad/15call Stay safe J See more

24.01.2022 Would you look at that - mind blowing that the #FAANGM have outperformed the #SPX by a whopping 38.3%. Strip these out (#FAANGM) and youre at -4.2% Chart from Edward Yardeni and The Washington Post... #finance #interestrates #economics #markets #investing See more

24.01.2022 There is no such thing as a "get rich quick" scheme. Usually it ends in the courts, case in point. Any investment requires active management and if it sounds too good to be true then chances are it is. Have a great weekend peeps and stay safe. https://www.foxsports.com.au//c95d414680d514eab9a909580c7e

23.01.2022 We have just hit 500 likes. Just wanted to say thank you to all our friends (clients). Merry Christmas and blessings for 2020. Joseph and the team at Trinity Financial Advisers.

23.01.2022 Its important that individuals set up their SMSFs for the right reasons and the ATO has a responsibility to ensure this is so. https://www.smsfadviser.com//19222-ato-cancels-hundreds-of

22.01.2022 ***BREAKING NEWS*** #HomeBuilder provides eligible owner-occupiers (including #firsthomebuyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential #construction market by encouraging the commencement of new home builds and renovations. To be eligible for the HomeBuilder scheme, you must: - Be an Australian citizen aged 18 years or older and be an individual, not a company or trust. - Be on an income ...of less than $200,000 for couples, and $125,000 for singles. - Be spending between $150,000 and $750,000 on a renovation for a home that has been previously valued at less than $1.5 million. - Be building a new home worth less than $750,000 (this includes land value). The tax-free grant will apply to all owner-occupiers - not just first home buyers. All dwelling types (house, apartment, house and land package, off the plan, etc) will be eligible under the HomeBuilder scheme. The scheme will not apply to owner-builders or those who are planning to build a new home or renovate an existing home as an investment property. Read the fact sheet link below https://treasury.gov.au//2020-06/Fact_sheet_HomeBuilder.pdf

22.01.2022 Two major lenders offering a $4k cash back with good competitive standard variable rates. Message the team for more details.

21.01.2022 The FSC/KPMG released claims data for 2019 which looks at the causes of Life/TPD/IP claims, the split across gender, and the proportion of claims paid. I thought it would be good to share some of the data. Theres strong messaging around the prevalence of cancer, mental health, and accident related claims. Key observations:... Over $12 billion was paid out. Thats over $33 million a day. Life (97% of claims paid): Cancer is by far the number one cause of death claims in men (39%) and women (61%). Accidental death is much more prevalent in men (20%) than women (7%), even topping circulatory system claims (heart etc.) Total & Permanent Disability (90% of claims paid): Mental health comfortably tops the list for men (24%) and women (27%). Income Protection (95% of claims paid) Accident is the top cause of claim across men (38%) and women (28%). Mental health was only 5th on the list for men (10%), but a clear second for women (22%). Unfortunately, these figures are tipped to rise in 2020/21 as we further realise the impacts of COVID. Trauma (86% of claims paid) For Trauma insurance information was limited, the highest cause of claim was for cancer at 58 per cent; Trauma wasnt broken down to gender, however its importance is clear given the role of cancer as a cause of claim across Life/TPD/IP (particularly Life). Life insurers paid $1.24 billion in 2019 to more than 9,500 Australians for mental health claims. Drilling down these headline figures, the council says the claims are for an extremely wide and complex spectrum of conditions. The list has a very long tail and the top five underlying types of mental health conditions account for less than half (46.9 percent) of all claims for mental health conditions as follows: 16.5 percent depression, including single and recurrent episodes 13.4 percent unspecified anxiety disorders, for example panic or anxiety attacks 11.3 percent reaction to severe stress, for example post-traumatic stress disorder 3.6 percent Alzheimers disease 2.1 percent schizophrenia Dont let a sudden tragedy uproot your family or bankrupt your business. Even after we pass there are still people who rely on us. It is better to be 5 years too early than 5 minutes too late. If you need to chat, please reach out and book in for some time https://calendly.com/joseph-meawad/15call

19.01.2022 Good morning, Job Keeper scheme... Ill try and explain a few things. Its important to remember this legislation needs to be passed through Parliament but this is expected to be done soon: 1. Employers have to register- https://www.ato.gov.au/general/gen/JobKeeper-payment/... 2. Anyone who had a full time or part time job as of March 1 (that is the cut off) is eligible for the $1,500 fortnightly payment 3. The payment is entirely subsided by the Government 4. Casuals are eligible if theyve been with the company for 12 months 5. If an employee is currently on less than $1,500 a fortnight... they will receive a temporary pay rise under this scheme 6. If an employee is on MORE than $1,500 a fortnight... the Government will cover only $1,500... and its up to the employer what other salary can be provided 7. If someone has been sacked in the last few weeks they should contact their employer to inform them they should be back on the books... and register for this scheme 8. This is basically designed to keep people in work 9. Businesses are eligible if they earn less than $1 billion and have experienced a 30% revenue decrease compared with this time last year 10. The payment will be back paid from today... once it is up and running 11. There is certain criteria for sole traders as well 12. The $1,500 is subject to tax- so itll be about $1,308 in your bank account per fortnight. See more

19.01.2022 Following the RBAs 0.25% cut to the official cash rate yesterday afternoon, each of Australias big four banks announced theyd be passing the reduction through to their customers in full before the days end. Currently, NAB has the lowest standard variable rate of the major banks - as it has since September 2018. Other non-major lenders including Macquarie, Suncorp, Newcastle Permanent and Athena Home Loans have also joined in passing the full rate cut to their mortgage holders.

19.01.2022 The Hon Scott Morrison just spoke regarding commercial tenancies. Struggling businesses with a turnover of less than $50 million will benefit from a mandatory code of practice revealed by Prime Minister Scott Morrison today. The mandatory code will be legislated and regulated by each state and territory, and will apply to tenancies where the tenant or landlord is eligible for the JobKeeper program, and where they have a turnover of $50 million or less.... The code will be mandatory, and includes the following set of principles: Landlords must not terminate the lease or draw on tenant security; Tenants must honour the lease; Landlords will be required to reduce rent proportionate to the trading reduction in the tenants business over the course of the pandemic, through a combination of waivers of rent and deferrals of rent; Waivers of rent must account for at least 50 per cent of the reduction in the rental provided to the tenant during that period; and Deferrals must be covered over the balance of the lease term, and in no less period than 12 months. The arrangements will be overseen by a binding mediation process.

18.01.2022 Small and Medium enterprises (SME) COMMERCIAL LEASING PRINCIPLES DURING COVID-19 Earlier this week on Tuesday the 7th, the Government delivered a code of conduct for small and medium enterprises with regards to commercial leases SME COMMERCIAL LEASING PRINCIPLES DURING COVID-19 To that effect below are two examples of how to calculate the Rent Reduction under this new Code of Conduct. ... Please remember that the spirit of this code is that both parties are in a position to recover. Example 1. - Current rent is $3000 per period (week, fortnight, month etc) - Turnover has fallen 60% per period (week, fortnight, month etc) Landlord needs to provide 60% cash flow relief (i.e $3,000 x 60% = $1,800 relief) That means, at least half of the relief is to be provided as rent free/ rent waiver (i.e $1,800 x 50% = $900). The remainder is rent deferral, to be spread over term of lease, or at least 24 months. The new rent is $1,200 (i.e $3,000 x 40%, the level turnover has fallen to). This is still due and payable. Example 2. - Current rent is $10,000 - Turnover has fallen 95% Therefore, the landlord needs to provide rent relief of 95% (i.e $10,000 x 95% = $9,500) The Code of Conduct means the landlord has to deal with this shortfall in 2 parts: - First, the landlord has to waive 50% of the shortfall, which is $4,750 (i.e. $9,600 x 50%). - Secondly, the landlord defers 50%, which is also $4,750 and can spread that over the rest of the term of the lease, or at least 24 months. Rent relief only applies for eligible tenants. The parties are also free to make alternative commercial arrangement to this formula if that is their wish. What evidence is required? The Code provides overarching principles, which include: - Landlords and tenants will negotiate in good faith. - Landlords and tenants will act in an open, honest and transparent manner, and will each provide sufficient and accurate information within the context of negotiations to achieve outcomes consistent with this Code. Sufficient and accurate information is defined as this includes information generated from an accounting system, and information provided to and/or received from a financial institution, that impacts the timeliness of the Parties making decisions with regard to the financial stress caused as a direct result of the COVID-19 event. The code sets to impose a set of good faith leasing principles for application to commercial tenancies (including retail, office and industrial) between owners/operators/other landlords and tenants The Code of conduct is available here https://www.pm.gov.au//national-cabinet-mandatory-code-ofc

18.01.2022 Why we do what we do. I got this card today and I must say this made my day #appreciation #gratitude

18.01.2022 Credit to my good friend Nicholas Economos Claiming tax deductions for working from home due to coronavirus is being made easier. The Australian Taxation Office (ATO) is introducing a new method which will allow people to claim 80 cents per hour for all their running expenses, rather than needing to calculate costs for specific running expenses. The change will apply from March 1 to June 30, after which the ATO will review the arrangement for the next financial year as the CO...Continue reading

17.01.2022 Please be careful! Fiddling with your Superannuation under the Covid rules is fraught with enough danger without the added lack of expertise of (unlicensed) real estate agents muddying their waters. Im sure they hate financial advisers giving real estate advice. If you are considering this, reach out and speak to a qualified financial adviser. https://calendly.com/joseph-meawad/15call

17.01.2022 Home loan repayment pause Are you thinking about pausing your home loan repayments? During this crisis the cold hard reality for families is that they will have to resort to putting their mortgages on hold.... If you considering this path then please get some solid financial advice by a qualified and licensed financial adviser, or a financial counsellor. Repayment pauses should only be used when other avenues have been exhausted. Talk to your bank about what other options you might have, including a rate reduction or reduced repayments for a limited time. A mortgage holder could end up paying as much as $17,000 extra over the remainder of their loan if they dont make additional repayments following the holiday, assuming a borrower was five years into a 30-year loan with a balance of $400,000. The big fours current policies CBA Following the end of the six-month pause, home loan repayments remain the same as before, with the loan term being extended. CBA will also make a one-time payment to offset the interest on interest being charged to customers over the deferral. Westpac Impacted customers are being offered a 3-month pause with the option for a further 3 months after review. Home loan repayments increase after the deferral, but the loan term remains the same. NAB Following the repayment holiday, home loan repayments increase, but the loan term remains the same. ANZ Customers can choose to keep the loan term the same or extend it by six months, with a review at three months, with both options likely resulting in mortgage repayments increasing after the pause. Clearing the debt following a repayment pause will be an uphill battle for many Australians. It is extremely important for customers to understand the long-term implications of taking the six-month break. If you are considering this as a path, then have a plan to pay the money back as quickly as possible after the pause to get your mortgage back on track. If you would like to talk through options we are here to help. Reach out and book a time here https://calendly.com/joseph-meawad/15call

17.01.2022 Hello, Todays video asks whether it is time to get back into the markets? General Advice Only... This video has been prepared without taking into account the viewers objectives, financial situation or needs; Because of that, you should, before acting on the video, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If you would like to chat and discuss your personal objectives, financial situation or needs, please lock in a time with me here https://calendly.com/joseph-meawad/15call

17.01.2022 If you are an Employer (or employee) who needs more info on the #JobKeeper package please see this fact sheet https://treasury.gov.au//Fact_sheet_Info_for_Employers_1.p

15.01.2022 Hello, Facing a fiscal cliff come September 2020, the Government earlier today announced it is extending the JobKeeper Payment and certain JobSeeker Payment measures beyond September 2020. JobKeeper Payment will be extended until 28 March 2021. From 28 September 2020, a two-tiered level of support will be provided with lower payment rates than the current rate of $1,500 per fortnight. ... Phase 1 (28 September 2020 to 3 January 2021): $1,200 per fortnight - employed for 20 or more hours per week (measured in the 4 weeks prior to 1 March 2020) $750 per fortnight for other eligible employees Phase 2 (4 January 2021 to 28 March 2021): $1,000 per fortnight - employed for 20 or more hours per week(measured in the 4 weeks prior to 1 March 2020) $650 per fortnight for other eligible employees JobSeeker Payment - a number of measures including the Coronavirus Supplement will be extended until 31 December 2020 with some further modifications announced. The following applies from 25 September to 31 December 2020: - Coronavirus Supplement will continue, however it is reduced from $550 per fortnight to $250 per fortnight - Ordinary Waiting Period, Newly Arrived Residents Waiting Period and Seasonal Work Preclusion Period will continue to be waived - Expanded access to JobSeeker Payment and Youth Allowance (other) will continue - Personal income test - Income free area for JobSeeker Payment and Youth Allowance (other) will increase to $300 per fortnight and a single taper rate of 60 cents will apply - Partner income test - partner income test cut-off will increase to $3,086.11 per fortnight, or $80,238.89 per annum, for individuals with no personal income However not all JobSeeker Payment measures were extended. Importantly, the assets test and the Liquid Assets Waiting Period will be reinstated from 25 September 2020. As always if you want to chat about this feel free to book in a time with me https://calendly.com/joseph-meawad/15call

15.01.2022 Good evening, Yesterday, NSW Premier Gladys Berejiklian announced it is also putting out a $10,000 grant for small business who have been affected by covid-19. Click on the link below to see if your business is eligible. You should be able to apply for this grant after 17 April 2020.... https://preview.nsw.gov.au//10000-grants-to-provide-fast-r As always reach out if you need https://calendly.com/joseph-meawad/15call

15.01.2022 House of Representatives has agreed to the second reading of #Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 and related bills without amendment Details to come shortly...

14.01.2022 Jobkeeper for June next week! With the end of May occurring this Sunday it means Monday is the 1st of June. The beginning of a new Jobkeeper month! The Monthly Declarations have to be lodged by 14th June. So, be sure to finalise your May figures as soon as possible so you lodge the Declaration and access your Jobkeeper payments for June.... You will need to: - Identify / reconfirm your eligible employees - Be sure to have paid them at least $1,500 each per fortnight - Update employee details, if any have left, or their details have changed - Provide your GST Turnover for May - Estimate your GST Turnover for June - Submit your Monthly Business Declaration by the 14th June. Also, be sure you have on hand the completed Employee Nomination Notice, for each eligible employee you are claiming Jobkeeper for. Remember, if youre are claiming for an Eligible Business Participant, do not count them as employees! Ask our team if you need a hand

13.01.2022 Good news!!! Yesterday the New South Wales government announced temporary adjustments to stamp duty for certain first home buyers (FHBs) as part of its COVID-19 recovery plan. Under the changes, no stamp duty will be charged on new homes for FHBs below $800,000 in value, up from the former $650,000. Stamp duty relief will also apply, on a scaled basis, to newly built homes valued between $800,000 and $1 million, as well as to vacant land worth up to $400,000.... Please note, that the change to the thresholds will only apply to newly-built homes and vacant land, not to existing homes, and will last for a 12-month period, commencing on 1 August 2020. Other purchases will continue to benefit from existing schemes. For all the details of the changes and some examples of the savings for new homes visit the NSW state revenue site below. https://www.nsw.gov.au//big-boost-for-first-home-buyers-an If you want to find out more please book in for a chat here https://calendly.com/joseph-meawad/15call

12.01.2022 Hi all, Hope you are having a great start to the week. The NSW Government has extended the deadline for applications to the $3,000 Small Business Recovery Grant and expanded the number of highly-impacted industries able to apply: https://lnkd.in/g6Ui9xB... #smallbusiness #covid19businesssupport #covid19recovery Reach out if you need guidance.

11.01.2022 Gday all, Its another video turned post. Were all on edge about whether Coronavirus will get much worse in Victoria and if it spreads further into our border and what that could mean. 50/50 chance of another local lock down I reckon, although you know me I dont worry about stuff I cant control these days. Next week though well learn from Treasurer Josh Frydenberg whether (and it what form) the Government intends on extending Jobkeeper payments for 3.5 million Austral...Continue reading

11.01.2022 Good afternoon, I was about to record this as a video but Ill be frank. I am tired like everyone else. With the end of the 2020 financial year approaching, here are a few things you might want to consider. They might not make you rich, but wealth-creation is about a large number of small consecutive wins and steps...Continue reading

09.01.2022 Cabin fever positives. Consider your lunch expenses since you started #workingfromhome ? At work: 2 x ham cheese & tomato Croissants $14.00 Soft drink or coffee $4... (Plus $4 second cup) Total daily expenses $22 Total after tax yearly expenses $4,840 (220 days) At home: Croissants $1.25 Mustard $0.20 Ham $1.20 Cheese $0.40 Tomato $0.70 Butter $0.10 Total for 2 = $7.70 $3.00 for 2 coffee Daily cost $10.70 Net daily saving $11.30 Net after tax annual savings. $2,486 Incidentally for a 32.5% tax pay $5,940 net is the equivalent of $7,170 gross If you earn $72000 then youve spent c.10% of your earnings on this one expense. Food for thought

05.01.2022 The Morrison government has unveiled details of the new $17.6 billion stimulus package. Whilst at this stage we do not have all of the details, based on what we know, here is a quick look at the 4 main areas. 1. Instant Asset Write Off: The full amount which can be immediately claimed as a deduction on new assets has been increased from $30,000 to $150,000.... 2. Cash Payment to small Business: Eligible small and medium-sized businesses will receive between $2,000 and $25,000 tax free. The payment will be delivered via BAS 3. Wage Subsidies: For trainees and apprentices, eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage. Casual workers will be eligible for a sickness payment up to $560 for singles and $1,010 for couples if they need to self-isolate due to COVID-19. 4. Welfare Recipients: A one-off $750 stimulus payment to pensioners, social security, veteran and other income support recipients and eligible concession card holders. #stimulus

05.01.2022 ANZ has just come out with a 2.68% 2 year fix P&I rate Owner Occupied. Im expecting the other majors to move soon in the next 1-2 weeks. Interesting times.... #mortgagebroker #refinance #mortgages #homeloan #preapproval #rate #rates #mortgage

03.01.2022 I am certainly not taking this pandemic lightly especially since there are lives and businesses that have been decimated. However, instead of JobKeeper and JobSeeker carrying the main burden of income support from the get-go for those people, the anecdotal evidence to date suggests that the main burden of income support is people ratting their own savings. The numbers are startling, we now have c. 600,000 broadly young people under 35 have no superannuation accounts at all... as a result of early access to super. Prime Minister Scott Morrison and Treasurer Josh Frydenberg have stated that people should be able to withdraw and use their super as they please. I am with the architect of Superannuation the former Prime Minister Paul Keating who has said The government [has] said Its their money but they havent finished the sentence. Its their money, accumulated under very concessional tax arrangements, for one purpose: a retirement income. This is absolutely not a judgement on those that need access. I dont think this has been thought through at the individual level and at the Federal level it is a case of policy on the fly. Maybe you have an alternative that has not been considered or brought to your attention. If you feel a little stuck, please reach out and we can bounce some ideas.

02.01.2022 The RBA has announced its decision on interest rates as the coronavirus begins to impact the Australian economy. The RBA has cut rates again following calls from within the business and finance community for the bank to provide more stimulus to the Australian economy. The cash rate now stands at 0.50 per cent. ... RBA governor Philip Lowe had previously said that the economy had reached a gentle turning point with improvements in housing growth and a brighter outlook for the resources sector. The decision to cut rates is likely an attempt to prop up the Australian economy following the bushfire emergency and the broadening impact of the coronavirus outbreak. Speaking at a press conference, Prime Minister Scott Morrison asked that the Big Banks pass the full rate cut onto consumers. The decision brings the interest rate closer to 0.25 per cent, at which point the RBA has indicated that it would consider a quantitative easing program. On Tuesday, ASX data indicated a 100 per cent chance of a cut.

02.01.2022 Hi all, please reach out to the team at dacsa_ndis they are a wealth of information.

01.01.2022 If you have been made #redundant or think you will be made redundant and you have a mortgage commitments then banks are trying to accommodate impending financial #hardship. I have spoken to a number of banks and put together the attached summary of bank options for those in #hardship. We are #inittogether. Please #share https://drive.google.com//1AmQr1IL6cErvlUDZUUhJgVL38/view

01.01.2022 Nothing like a good review to reinforce why I love doing what I do.

01.01.2022 I am completely shocked at how people have spent from their future. Though I probably should not be. Gambling number two wow!!! What about cars, alcohol and tobacco. Seriously? None of these are required items! Arguably even debt repayments can be seen as a poor decision - except for example high interest credit cards. ... Policy on the run has indeed led to some very poor decisions. This chart is based on a sample of 13,000 respondents showing how they spent the $10,000 accessed from their super, making a serious dent in their retirement plans. This should make you angry. Why? Because a third of your income goes in taxes which will fund the welfare payments for those people who made a really short sighted decision to use their retirement savings on gambling, alcohol, booze and apps. We would love to hear your comments