Q. What’s the difference between Active Portfolio Management and Passive Portfolio Management?

Q. I am considering investing into shares either through Managed Funds or Exchange Traded Funds.  Can you please explain the difference between active portfolio management and passive portfolio management?  There appears to be a huge difference in costs for each approach to investing into these funds. A.  Active portfolio management focuses on outperforming the market compared to a […]

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead. How should we approach this?

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead.  He is 52 and I am 50.  His income is $170,000.  I have returned to work 3 days a week and my part time income is $36,000.  We have two children; […]

Congratulations Damian Hearn – SMSF Specialist Adviser

As a practice, we believe in developing areas of specialisation as we feel that this gives our clients access to the best possible advice and services in a range of financial services.  With this in mind, we are very proud to advise that Damian Hearn has recently been accredited by the SMSF Association as a SMSF […]

Q. Can I claim my Financial Planning Advice cost as a tax deduction?

Q. When I engage my accountant to do my tax returns I am able to claim a tax deduction for the work provided.  I have been advised that the same is not true for Financial Planning advice.  Can you please explain what I can and cannot claim as a tax deduction in relation to receiving Financial […]

Q. Should you open a second SMSF account when your super exceeds the $1.6 million Super limit?

Q.  I have read a commentary suggesting that SMSF’s which exceed the $1.6m super limit should consider opening a second SMSF. What would be the benefit of such a strategy? A. 1 July 2017 marks the introduction of $1.6 million limit on the amount of superannuation savings that can be transferred into an income stream to […]

Q. Within my portfolio of shares I have some stocks that are now virtually worthless, can I sell the shares cost effectively?

Q. Within my portfolio of shares I have some stocks that are now virtually worthless and I see no sign of their outlook improving. I would like to sell some of these low-value holdings. Given that these shares are worth so little, the broking fees as a percentage of the share values is ridiculous. Can […]

Wealth & Health – Edition 2, 2017

Welcome to the Second edition of ‘Wealth & Health’ for 2017 We have been communicating regularly regarding the significant changes to the Superannuation System which will take effect on 1 July 2017. In this edition of our newsletter, we have summarised the major Super Reforms – who they impact, what is changing and what action […]

Q. What is the latest date I am able to lodge my return? What are the rules around this?

Q. I am aware that June 30 is the last day of the financial year. What is the latest date I am able to lodge my return?  What are the rules around this? I hear different dates mentioned. A. Tax return due dates depends upon a range of criteria.  If you are an individual lodging your […]

Q. How will the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget work?

Q. My husband and I are saving to buy our first home.  Can you please explain how the proposed First Home Super Saver Scheme announced in the 2017 Federal Budget will work and what we need to do to take advantage of the incentive? A. From 1 July 2018, first home buyers will be able […]

Q. As I exceed the $1.6 million dollar transfer balance cap, what do I need to do before 1 July 2017?

Q. I have a Self-Managed Super fund (SMSF) with my wife.  The assets of the fund are approximately $2.1 million. My wife’s super account balance is around $420,000 and my pension balance is $1.68 million. I am 64 and my wife is 61 and we continue to work.  As I exceed the $1.6 million dollar […]