Starting a family is an exciting time for any couple. There is also a level of uncertainty about how you will adapt to the change and afford the additional costs that go with having little footsteps in your home. Research from the National Centre for Social and Economic Modelling (NATSEM) suggest that it takes over $406,000 to raise a single child from birth to the end of their education. That is a lot but, you can prepare yourself. We’ve prepared a number of tips that we think might be helpful to your growing family.

On 1 July 2019, new laws, ‘Protecting Your Super’ come into effect. The intentions of the changes is to prevent balances being eroded by unnecessary fees and insurance premiums.

Another budget has been released and the Treasurer has announced relatively minor changes to our current tax regime. A small pre-election sweetener in the following form:

 

The Labor policy to deny the refund of franking credits for individuals and SMSFs has received a notable amount of media attention. However, it seems a lot of people do not understand the policy, so we thought we would take the time to explain it. 

The Royal Commission Report into Financial Services was recently released. The report detailed shocking examples of poor conduct in the financial services industry, significantly eroding the public’s trust.

In business, we are often faced with so many options that it can become quite daunting which path to choose. Sometimes, when those decisions become too great; people can put their heads in the sand like the Ostrich.