Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features:
Thankfully, an annual assessment run by the ASFA can help you start your thinking about what you want to achieve in your retirement.
Then we can help you get there.
If you plan on leaving your superannuation to your now adult kids when you pass away, there's a strong possibility your super death benefit payout will be hit with tax.
While this is a very complicated task (and perhaps the stuff of urban legend) it's worth setting the story straight; so you know where you stand with your super.
So here are six keys to start your thinking.
This is the tough question thousands of Australian’s are suddenly forced to answer when they, their child or a member of their extended family is suddenly faced with the reality of a serious medical condition or injury - and the enormity of the out of pocket expenses it can bring.
Australia – as the saying goes – is a ‘lucky country’.
Our standard of living, our climate, and our health care and social security systems are often enviable when compared with international comparisons.
That's meant that for many of us, the ‘she’ll be right’ approach to life in Australia has left us exposed to the harsh realities that life doesn't always work out the way we expect.
Living a long and healthy life can become surprisingly expensive.
Terry was looking to buy a 2 bedroom home in Sydney and came to us to arrange the investment mortgage. As the property was 17 years old, there had been some renovations completed inside the unit and some repairs were still being made to the common property.
As the property was selling at auction there were a number of things to consider, particularly because Terry was buying into an existing strata plan property.
Here are some of the things we discussed.
At Sapience Financial, our team has always understood peoples financial lives and mindsets are connected to their confidence levels, and in turn to their good mental health.
Mental illness is now the leading cause of long-term sickness absences among Australian workers costing our Australian economy over $12 billion per year in lost productivity - Blackdog Institute Research
You don't have to be a financial expert to realise the vast majority of relational problems have their roots in financial problems.
A Relationships Australia study cites;