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Income Protection Insurance and Your Tax Return

Working out what you can claim when it comes to income protection insurance can get confusing. Here are a few explanations that have come directly from the ATO, to help you work out where to begin. The key thing to remember is that you can claim the cost of premiums you pay for insurance against the loss of your income. You cannot claim a ded ... Read More

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2017 Budget Updates: Superannuation and GST

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the GST and superannuation areas that the Budget has targeted that will impact our clien ... Read More

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2017 Budget Updates: Small Businesses

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the small business areas that the Budget has targeted that will impact our clients. S ... Read More

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2017 Budget Updates: For Individuals

The Federal Treasurer, Scott Morrison has delivered his second budget. Mr Morrison said the budget is focused on boosting the economy and households, so that we live within our means and are able to return the budget to balance in 2020/21. Below we highlight the individual tax areas that the Budget has targeted that will impact our clients. I ... Read More

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Super Reforms passed through parliament

A little while ago we posted a news update about the Super reforms proposed in the 2016-17 budget. It can now be confirmed that these proposed changes have all passed through parliament and are set to take effect from the 1st of July, 2017. These are some of the changes that you can expect: Non-concessional contributions will be limited to bal ... Read More

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Maximise your super by consolidating your funds

Having more than one super account is reasonably common but can actually deplete your retirement fund through the duplicate fees and costs that will be accrued. In this instance, you may want to consider consolidating your super funds which simply means to put all of your super together into one account. This will reduce fees and will ultimately ma ... Read More

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Financial Glossary: Return on Investment

'Return on investment' (ROI) is a term that I have no doubt you will have heard before. It is one of the many phrases that all financial advisers like to throw out there and there is a simple reason for this; ROI is a simple and flexible way of measuring investment value. ROI is expressed as a percentage, i.e. "you should receive a 20% return on i ... Read More

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Medibank aims to lift health insurance market share

In recent times, Medibank's market share has been on the decline, falling to 27.2% in the December half. Medibank is not the only health insurance player to feel this pressure, assisted in part by the continual rise in premiums over the past few years. But now, they have their eyes set on a three-year turnaround which may see a change in some of ... Read More

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The most trustworthy sources for insurance advice

A popular topic of discussion lately has been ASIC's submission into a recent insurance inquiry, indicating that people should be wary of advice providers who are a part of a vertically integrated chain of service. Over the years, ASIC has brought this topic up over and over, warning people of the bias advice that they may be receiving. Vertical ... Read More

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Super Contributions: Rules to take effect on July 1

In November 2016, the Federal Government announced its super reforms. The new rules have been designed to make the current system more fair and sustainable but this announcement has caused a flurry of activity amongst experienced investors and could have a pretty big effect on the plans of a lot of Australians. At the start of the new tax year, ... Read More

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