Episode 41: Your Questions Answered
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Your Questions Answered”
Our goal with 3 Minute Tech is to provide quick and to the point videos to explain sometimes technically challenging financial topics in simple and easy to understand language.
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Your Questions Answered”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “What financial advice would you give your 18 year old self?”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “What would you do if you won Lotto?”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Paid Parental Leave”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Converting your Super into an income stream”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Your Questions Answered”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Threshold & Rate Changes for the 2023/24 Year”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “EOFY Planning”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Personal Insurances”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Division 293 Tax”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Stage 3 Tax Cuts”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Aged Care”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “What is the age pension?”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Small Business Capital Gains Tax concessions”
Making complicated concepts and terms, simple. In this episode, 3 Minute Tech covers the topic of “Capital Gains Tax”
An overview paper written on a particular financial topic.
Due to changes implemented in 2017 to limit the tax benefits of a transition to retirement pension, this strategy has received less attention in recent years. However, it remains a strategy that can assist those who have reached their ‘preservation age’ to have access to superannuation benefits without the requirement to leave a job or…
The Commonwealth Seniors Health Card (CSHC) is a federal government concession for self-funded retirees, allowing access to cheaper health care and other discounts. The card is income tested and valid for a 2 year period once granted.
Legislation enabling super to be paid on Commonwealth funded Paid Parental Leave has now passed. First announced earlier in the year (2024), the payment of superannuation aims to assist in reducing the impact of parental leave on retirement outcomes. This additional initiative expands on the improved Paid Parental Leave scheme and is summarised below.
Back in 2018 the government introduced the ‘Downsizer Contribution’ to enable home owners to contribute up to $300,000 into superannuation following the sale of their residence. This was originally subject to a minimum eligibility age of 65, however over time this condition has been reduced to age 55. Accordingly, given the opportunity available, according to…
The total value of the superannuation pool has been growing significantly. With this comes a typical question covered in financial advice circles; ‘How does my superannuation get paid in the event of death’. A common misconception is that a will automatically deals with an individual’s superannuation assets. So how can you ensure that your retirement…
High income earners will be familiar with the somewhat dreaded ‘Division 293 tax’. However, Division 293 tax does not only apply to those people who derive substantial income from employment or self-employment. The additional tax bill can crop up as a result of taxable income from other sources, including investment income, capital gains and other…
With 2023/24 done and dusted and the new financial year upon us, it is a great time to review and kick start some financials goals. The new financial year brings income tax cuts under the rollout of the revised Stage 3 plan. In addition, the concessional and non-concessional contribution caps have lifted. However, how can…
The 30th of June is fast approaching. However, as we have yet to reach the end of the financial year, it’s not too late to think about generating some additional tax deductions for the 2023/24 year. If you expect your marginal tax rate to reduce from July 2024 as a result of the stage 3…
The End of Financial Year (EOFY) is once again fast approaching – providing an opportunity to review your position ahead of the new year to come. Given the inevitable June end rush, as well as processing and cut-off times, we believe it prudent to consider important actions in advance of deadlines. The following is an…
As part of the government’s response to the financial impacts of COVID-19, a temporary reduction to the minimum pension drawdown requirements were implemented. During the previous four financial years, minimum drawdown rates were halved. This is the first financial year since 2018/19 that minimum pension payments return to their normal calculations.
Outside of relying on investment returns, the best way to ensure that your retirement assets grow over time is through superannuation contributions. There are two main types of contributions – concessional and non-concessional. Following the release of Average Weekly Ordinary Time Earnings (AWOTE) data, the required increase has occurred such that the contribution caps will…
As we move closer to the end of the financial year, attention often turns towards personal tax planning. This is where the use of concessional contributions and even carry forward concessional contributions can be particularly useful. With income tax cuts beginning 1 July 2024 on the horizon, the flexibility afforded with the current rules are…
A query that surfaces occasionally comes to gifting money to adult children. It is common for people to be aware that there are certain rules surrounding gifting, but it is important to note that the limits don’t necessarily apply to all situations.
When it comes to building up assets within superannuation, most people acknowledge that their regular employer contributions do a large portion of the work. Separate to this, non-concessional contributions can also provide significant opportunities. The important rules associated with making non-concessional contributions are highlighted below.
In a perfect world, the superannuation balances of spouses would be fairly evenly matched, but often due to differences in work histories this isn’t the case. Fortunately, there’s a way to help equalise balances with a strategy known as superannuation Contribution Splitting.
This is our monthly newsletter providing a market and economic conditions update and other news.
In this “Monthly Musings” for the month of December we will provide a brief Market Update for the month, introduce a brand new episode of our short video series 3 Minute Tech titled “Your Questions Answered”, present an overview in our Focal Point section on “Transition to Retirement Income Streams (TRIS)”, and release two fantastic…
In this “Monthly Musings” for the month of November we will provide our Market and Economic Conditions Update for the month, introduce a brand new episode of our short video series 3 Minute Tech titled “What Financial Advice would you give your 18 year old self?”, present an overview in our Focal Point section on “Commonwealth Seniors…
In this “Monthly Musings” for the month of October we will provide our Market and Economic Conditions Update for the month, introduce a brand new episode of our short video series 3 Minute Tech titled “What would you do if you won Lotto?”, present an overview in our Focal Point section on “Super on Paid Parental Leave”,…
On 15 October 2024, the Australian Securities and Investment Commission (ASIC) released the following article. We believe it is important that all of our clients understand the increased risk of scams and fraud and the potential impact.
In this “Monthly Musings” for the month of September we will provide our Market and Economic Conditions Update for the month, introduce a brand new episode of our short video series 3 Minute Tech titled “Paid Parental Leave”, present an overview in our Focal Point section on “Downsizer Contributions”, and, feature a brand new episode of our “Finding the…
In this “Monthly Musings” for the month of August we will provide our Market and Economic Conditions Update for the month, re-visit Episode 24 of “3 Minute Tech” covering the popular topic of “How much Super should I have?”, present an overview in our Focal Point section on Binding Death Benefit Nominations, and, feature a fantastic past episode of our “Finding the Front” podcast…
In this “Monthly Musings” for the month of July we will provide our Market and Economic Conditions Update for the month, release a brand new “3 Minute Tech” covering the topic of “Converting your Super into an Income Stream”, present an overview in our Focal Point section on Division 293 Tax, and, feature the latest episode of our “Finding the Front” podcast with special…
In this “Monthly Musings” for the month of June we will observe the market movements for the month, release a brand new “3 Minute Tech” where we take the time out to answer some of the recent questions we have received, present an overview in our Focal Point section on Government Co-Contributions, and feature the latest episode of our “Finding the Front” podcast with Marnie…
Here is our “Monthly Musings” for the month of April. In this edition we will observe the market movements for the month, showcase a brand new episode of our short video series “3 Minute Tech” where we discuss planning for the upcoming End of Financial Year, and present an overview in our Focal Point section that provides an End of Financial Year…
Here is our “Monthly Musings” for the month of March. In this edition we will observe the market movements for the month, showcase a brand new episode of our short video series “3 Minute Tech” where we discuss “Personal Insurances”, present an update in our Focal Point section surrounding the important superannuation “Minimum Pension Payments”, and provide a great video insight into the…
Here is our “Monthly Musings” for the month of February. In this edition we will: observe the market movements for the month,showcase a brand new episode of our short video series “3 Minute Tech” where we discuss the “Division 293 Tax”,present an update in our Focal Point section surrounding the important superannuation “Contribution Caps”, andprovide a great insight into our Private Wealth Adviser, Phil George.
Here is our “Monthly Musings” for the month of January. In this edition we will: observe the market movements for the month,showcase a brand new episode of our short video series “3 Minute Tech” where we discuss the “Stage 3 Tax Cuts”,with “Stage 3 Tax Cuts” in mind present an overview in our Focal Point section surrounding “Concessional Contributions”, andprovide a great insight into our Private Wealth Adviser, Matthew…
Here is our “Monthly Musings” for the month of December. In this edition we will: observe the market movements for the month,showcase two brand new episodes of our short video series “3 Minute Tech” where we discuss the important topics of “What is the Age Pension?” and “Aged Care”,present an overview in our Focal Point section surrounding “Gifting”, provide a great insight into our experienced Private…
Your Entrust Wealth Management “Monthly Musings” for the month of October has arrived. In this edition we will: observe the market movements for the month,explore a fresh instalment of our short video series 3 Minute Tech where we delve into the topic of “Small Business Capital Gains Tax Concessions.”feature a paper in Focal Point that looks at Non-Concessional Contributions, and…
Your Entrust Wealth Management “Monthly Musings” for the month of September has arrived. In this edition we will: observe the market movements for the month,showcase a brand new an episode of our short video series “3 Minute Tech” titled “Capital Gains Tax”,provide a paper in Focal Point that looks at Superannuation Contribution Splitting,provide a great insight into our Private Wealth Adviser, Andrew Fry, andsuggest another book…