Profile Blog - Category ‘Financial Planning’

Retiree clients looking to sell their property can often contribute more to their SMSF than expected through the government’s recently introduced downsizer contribution rules, due to the flexibility to split contributions between spouses and use them in conjunction with other contribution rules, according to Fitzpatricks Private Wealth.

Speaking at SMSF Adviser’s SMSF Summit 2019 event in Brisbane, the advice firm’s head of strategic advice, Colin Lewis, said it was possible for clients approaching their 65th birthday in particular to double their contribution amounts by making use of the downsizer and bring-forward contributions and potentially splitting contributions with their spouse.
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The short answer is changes to industry regulations to improve transparency for clients. More detail is outlined below.

The regulator (ASIC) recently changed the rules so that commissions paid to planners from super funds must cease completely from 1st January 2021.

Also, as many of you know, similar changes to industry regulations back on 1 July 2013 started the cessation of commissions paid to planners from super funds and the reduction by 50% of upfront commissions on insurance products.
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Videos are a good way to learn more about a topic or show to others who my be new to financial management.

Six new videos have just been added to our website. The topics covered are: 

  • Understanding Estate Planning
  • Update your will
  • How interest rates affect your mortgage
  • Car and personal loans
  • Caring for elderly parents
  • Cup of advice – Financial divorce

Click on the Video menu entry above to view our new collection.

This animated chart is simply amazing.  It’s fascinating to see how the world has changed and is changing.  Food for thought!!

Simply click on the image and see how things have changed but also how, in many ways, they’ve stayed the same.

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