Do you get paid Super on your overtime?

Well, the answer is usually no, but also that depends.

Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features:

  • How much Super are you being paid?
  • How is it actually calculated when it comes to commissions, bonuses, overtime and back pay?
Published in Blog

Want to know if you'll be financially comfortable in retirement?

Well, first you need to have a standard of what's comfortable and what's, well ... a modest standard of living.

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.

Published in Blog

When is an inheritance tax not called inheritance tax?
When it's a super death payment tax of course!

Like to know more? Well, you should because this tax problem has special meaning for people with super, and adult children of people with super.

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.

Published in Blog

Getting money out of super early on compassionate grounds

Many people are unsure about whether they could get early access to some of their superannuation funds.

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.

  • There are very limited circumstances when you can access your super early.
  • These circumstances are mainly related to specific medical conditions, severe financial hardship or compassionate grounds.
Published in Blog

How do you compare home loans so you find what's right for you?

That's often the $64,000 question we're asked by our clients.

So here are six keys to start your thinking.

Published in Blog

Did you know you can now claim a tax deduction for making a personal contribution into your super?

Previously, most Employees were excluded from claiming a tax deduction for their personal contributions to super.

  • Their only real option was to commit to an ongoing Salary Sacrifice Arrangement with their employer, if it was available.
  • Now, if your employer doesn’t offer Salary Sacrifice Arrangements (or you just want more flexibility in how you make extra contributions to your super), you can claim a personal tax deduction for personal contributions.
Published in Blog

The Cost to Care

How do you make an informed health decision if you don't have the right health information?

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.

The problem of living in a 'Lucky Country'

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.
Published in Learn

In 2019 new NSW Tenancy Laws supporting victims of domestic violence living in a rented property came into effect.

If you live in rented accommodation and have been affected by domestic and family violence, you need to know there are new Tenancy Laws to help protect the victims of domestic violence.

These new laws have implications for property managers, property renters and investment property owners alike.

Published in Blog

If you're looking to buy into a residential strata property, there are many new things to consider and learn.

Case Study

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.

Published in Blog

There’s no doubt good mental health and good financial health are much more interconnected than people like to admit.

The way people respond to financial stress is linked to their well-being. 

Financial pressures can create psychological distress, which affects peoples coping mechanisms such as confidence, feeling in control of their life and even their self-esteem.

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 Good 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

Good mental health affects good financial health

Relational Good Health

You don't have to be a financial expert to realise the vast majority of relational problems have their roots in financial problems.

  • Financial stressors are responsible for just under 80% of all relational conflicts.

A Relationships Australia study cites;

  • 7 out of 10 couples report money causes tension in their relationships.
  • Disagreement over finances is a stronger predictor of divorce than other commonly cited causes of marital disagreements.
Published in About

There are some life skills we should all get to know before we need to use them.

One of those skills is knowing what you have to do as an Executor of a Will

Here are 12 Steps to help you better understand what to do when you're the Executor of someone's Will.

Published in Blog