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One day you’ll be ready to retire (whatever that may look like)

The idea is then you can slow down (or stop) working and spend more time doing the things you enjoy. But what are your options when it comes time to access your super?

How will you be using your superannuation balance?  Lump-sum or regular income stream - or a combination of both?

Until then, many of us are also taking an active interest in our elderly parent's financial position in their retirement.  Many of us are either the paperwork or financial backup, so it pays to have an idea of what they’re working with too.

Investing in turbulent times seems to be a constant feature of investing - and perhaps this is part of the new normal

The last few months have proven a tough time for many investors and super fund members as share market volatility continues to wreak havoc on the expected performance of many investment portfolios.

In light of this, we thought it a helpful idea to take a look at four behavioural mindsets that can paralyse investors thinking when they need to be the most level headed.

The risks and responsibilities of a small business company director

The frustration for many small business owners is nobody tells you everything you need to know.

The education journey of a small business owner can be a steep one.

A key part of going into business, seems to be an acceptance of ‘always needing to learn something more' and to remember you're usually both the technician and the director of the company - a juggling act that carries more responsibility than many people initially appreciated.

This is especially true about the responsibilities of a business owner and their need to both understand and manage, the natural risks of life and business.

The problem is ignorance of what your responsibilities as a Director are, is no defence.

The changing face of work and how it will affect us all

Over the last decades, the world of work has changed dramatically. While the traditional career model of a job for life is fading, self-employment and ‘gig’ working is becoming more commonplace.

The hard reality is while the gig emerging economy promises flexibility, our banking and superannuation systems have not kept up with the changes and now only adds to the new stressors our community of casual workers is facing.

Have you ever thought about running a small business on the side while working your full-time job?

Perhaps you're already part of the new gig-economy and providing work-on-demand services back to your past employer.

For many people, working a side hustle is becoming more and more important in our growing world of temporary contracts and flexible working hours.

While providing flexibility (and promising better work-life harmony), growing a side business also requires a new business owner to learn new skills and new habits, before success arrives.

Here are some common financial mistakes time-poor new business owners can avoid.

If you're feeling like your life and business have been Kidnapped by the COVID-19 Virus, we can relate.

It's a difficult time affecting us all, and all in very different ways. The opened-ended nature of this worldwide health crisis fuels a sense of uncertainty. And this won't be the last crisis our world sees.

This changing environment can kidnap our thinking with the seemingly urgent and distract us from the still important.

And our hearts go out to the people who are not in very fortunate situations.

As we find our way through this time, we don't want platitudes and denial but on the same token, we need to find ways we can keep calm and focus on what we can control - and look for something solid.

New rules for people under 25 who have super fund balances under $6,000

The new rules called Putting Members' Interests First start April 1st 2020.

Why is this important?

Most people automatically get a small level of Life Insurance and Total & Permanent Disablement (TPD) insurance when they join a super fund.

  • From 1 April 2020, if your under 25 (or with an account balance below $6,000) and have insurance automatically provided to you by your super fund, the insurance rules have changed.

Friends, flatmates or de facto partners - and how to tell them apart

When it comes to romance and relationships, the emotional decision about who you think is your partner, may be very different to the legal decision about who is legally considered your de facto partner.

The questions about who may be a boyfriend or girlfriend and who is a de facto become important distinctions when it comes to super payouts, life insurance payouts and family law claims on your finances, investments and property interests.

Getting better at managing our personal and business risks in our connected world

The current Coronavirus epidemic is going to affect Australian families and businesses - but perhaps not for the reason you suspect.

Australians are not new to facing risks to manage. Communities who live in areas of risk have bushfire plans, flood plans and even snow closure emergency plans.

Capacity Statement of Sapience Financial & Investment Services

March 2020

The outbreak of COVID-19 is impacting all of us in many different ways. It has understandably caused disruptions in the financial markets, disruptions in how people work and socialise, will have flow-on effects in businesses in means not yet envisaged and has made us worry about our family and friends.

At Sapience Financial & Investment Services, our commitment is we will continue to put our clients’ interests first. We will continue to communicate what is happening in markets as it relates to our clients’ managed investments and their insurance policies we manage during these uncertain times.

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Drew Browne

Sapience Founder & Director.
Simplifying Financial Complexity

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