Posted in Superannuation
Posted by G. Dean McKinnon
on 28 February 2022
It is increasingly difficult to save enough money for your first home purchase but there are some ways the government can help, such as First Home Super Saver ('FHSS') scheme.
The FHSS scheme allows you to save for your deposit within your superannuation investment account. There are several key benefits to using your super as the saving structure but the ability to withdraw personal Concessional Contributions may provide a significant tax planning advantage.
Personal Concessi...
Posted by G. Dean McKinnon
on 25 February 2022
ASIC recently published a warning about including crytocurrency ('crypto') investments in Self-Managed Super Funds (SMSF).
Unlike traditional investments crypto investments are difficult to research and rate unlike commonly traded investments such as cash, property, shares. As a result, the investor is placing their investments at high risk of the return and capital invested. Further, crypto investments are generally not traded on traditional market platforms such as stoc...
Posted by Dean McKinnon
on 14 September 2019
If you are aged 65 to 67 you may be able to contribute an additional $200,000 to your super from 1 July 2020.
The federal government is currently in the process of making changes to super contribution laws and from 1 July 2020 the "Work Test" requirements for super contributions are likely to be amended.
Effectively this will mean from 1 July 2020 if you are aged between 65 and 66 you will be able to make voluntary contributions to your super (concessional and non-concessional...
Posted by G. Dean McKinnon
on 20 December 2017
What do you know about bitcoin?
Dean has a few tips to help you understand:
Bitcoin is similar to a currency (cash) and is used to pay for goods and services, usually Internet purchases;
The difference is bitcoin is not regulated by any government and therefore governments don't control the supply;
There is massive speculation that bitcoin will replace cash for purchases (specifically on the Internet) and this is fuelling the price;
Bitcoin ...
Posted by Dean McKinnon
on 14 October 2015
Choosing a Financial Planner or Financial Advisor can be a difficult process, particularly if you have never had any dealings or experience with financial issues in the past, so here are my TOP 5 TIPS for helping you choose the right financial planner for your particular needs.
1. Firstly, you need to determine if you require a Financial Planner, or a Financial Adviser.
A Financial Planner generally differs from a Financial Adviser in that a Planner provides you with a F...