Viewing posts from: February 2016

Daydreaming about your next holiday?

All / 26.02.2016

Travel has evolved significantly over the past 20 years, with many travelers looking for something with more adventure such as walking treks in New Zealand, cooking experiences in Tuscany, cruising on the Mekong River, or travelling through Australia’s beautiful outback.

With all this extra adventure, the need to prepare financially has become even more important. The last thing you want when you come home from a life-changing trip is have a large debt hanging over your head. And you certainly don’t want to be worried about money while you are away from home.

Here are 5 ideas on how to make savings part of your journey.

  1. Start up a dream list or spreadsheet

While you are daydreaming about your trip and imagining your travel experiences, jot each of them down and add your estimation of the cost next to each dream item.

Keep adding to this list as your planning evolves, making sure you add in big ticket items such as flights, tours, petrol, eating out, accommodation and shopping.

If you find your expenses are getting out of your reach, divide them into “needs” and “wants”.

  1. Set up a dedicated savings account

Look for a savings account that is easy to use and has a competitive interest rate and conditions that suit you.

Adding money to this account as often as you can will make you feel more positive about preparation for the trip and reduce financial anxieties.

  1. Consider a garage sale

Garage sales are a great way to pare down possessions, create space in your home and add to your travel adventure fund. Selling unwanted items on eBay or Gumtree can be equally effective. Any extra income you can earn may mean you can make a special purchase on your trip or perhaps fund an accommodation upgrade or a side tour for your efforts.

  1. Prepay as much as possible

Pay for accommodation and day tours before you go. You’ll have more time to scout for the best deals before you leave and then have more time to focus on enjoying yourself while you’re away. Use rewards program points to pay for flights or accommodation.

  1. Consider swapping your credit card for a debit card

Credit cards can carry additional expenses and provide a temptation you don’t need. Debit cards remove that temptation as you can only spend what you have. Another alternative is a specialist travel card which allows you to purchase spending money in different currencies before you leave.

If you need help getting your finances organised for your trip, please speak to us today.

Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This article may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from a suitably qualified adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.


What are the benefits of seeing a financial adviser?

All / 26.02.2016

Everyone has different goals in life.
But whatever your goals, getting advice from a qualified financial adviser can help bring you closer to achieving them.

It’s not just about planning for the future either. A financial adviser can help adjust your current situation as well as preparing you and your family for the years ahead.

A financial adviser can help you with strategies to:

  • Pay off your home loan quicker
  • Save money and grow your assets
  • Boost your super balance with tax-effective strategies
  • Protect your income
  • Build an investment portfolio
  • Give your kids a head start and help them secure their future

Like any journey, when it comes to your finances, planning is the key. Once you’ve set your goals, a financial adviser can help you map out a practical path to get there. Financial planning also encourages you to protect the progress you make along the way.

A recent survey by Investment Trends showed that people who have used a financial adviser in the last 12 months typically feel better about their financial wellbeing, even after accounting for differences in wealth.*

Financial advisers will explore a number of investment options and strategies with you to help build your wealth, including shares, property, cash and fixed interest investments, term deposits and superannuation.

They will also look at diversifying your investments in a way that is really comfortable for you to help you achieve your goals, helping you choose the balance of risk and return that’s right for you.

Wherever you are on your financial journey, protecting your family and your wealth in the event that something happens is really important. For example, if you were hurt, injured or suffering from a serious illness, you want to be free to rest and recover. Or, in the event of your death, you want your family to continue to enjoy the same lifestyle for years to come. A financial adviser can help you determine the right type and level of cover for your needs.

As BT’s Bryan Ashenden says, ‘Whatever your goals and ambitions, it’s really important to get moving now and start planning for your best financial future.’

*A sample of 1,863 Australian adults were asked to self-assess their financial wellbeing on a scale of 0 to 5. The average self-assessment score of those who have used a financial adviser in the last 12 months was 3.6, compared to those who have not used a financial adviser in the last 12 months which was 2.9. Investment Trends Advice & Limited Advice Report: August 2014.



3 things you can do right now to improve your finances

All / 26.02.2016

3 things you can do right now to improve your finances

3 things you can do right now to improve your finances

Improving your finances to set you up for a more prosperous future doesn’t have to be complicated.

In fact, there are a range of smart strategies you can employ now that can make a substantial difference to your finances. Here are three of the best:

 Boost savings and minimise tax through salary sacrifice

Speak to your employer about regularly contributing some of your pre-tax salary to super. These pre-tax (or concessional) contributions are an effective way to build wealth because they are generally taxed at 15%1 and not your marginal rate which could be up to 49%2.

Find out more about salary sacrifice.

 Bring your super together

If you’ve changed jobs several times over the years, chances are you have more than one super account. By brining your super together in the one place, you can cut down on fees and put the power of compound interest to work for your money.

We can help you consolidate your super.

 Find your lost super

If you have multiple super accounts, you may have lost track of one or more of them. Finding your lost super doesn’t have to be a hassle.

We can help you find your lost super.


Important information

1 Individuals with income above $300,000 will pay an additional 15% tax on concessional super contributions.
2 Includes Medicare levy and the Temporary Budget Repair Levy of 2% on taxable income exceeding $180,000.