Practice management

The end of the financial year is an opportunity to take stock of your financial situation, prepare for tax time and plan for the next year. Whether you want to save more, reduce debt, or protect your wealth, this guide will help you with a practical checklist of some key areas to consider.

One of the joys of getting older – apart from wisdom and more free time - is the ability to tap into a whole raft of financial benefits that let seniors enjoy their retirement.

It’s commonly referred to as the great Australian dream – to own a patch of dirt with your name on the title deed.

Australians are losing more than $2.74 billion to scams each year. The rising danger of fraud from stolen personal information and scams means we must each be vigilant in safeguarding against these threats.

Estate planning is about much more than writing a will. It’s the process of deciding how your assets will be organised and managed in the lead-up to and after you pass. Good estate planning begins early. It’s useful to take the time early on in your life to think through how you want your assets to be distributed when you are no longer here.

As a Mum there are ways you can both improve your own financial situation, and help your child better provide for their future. But like many things involved with motherhood, it takes planning and hard work. “Understanding your financial position now and the changes over coming months is a great starting point,” says Michael Tran, BT’s Technical Consultant.

The gap between retirement incomes for men and women is both stark and alarming. There’s a number of reasons for it.

A couple’s decision to embark on a shared financial journey is an important milestone in a relationship – but it can bring practical and emotional challenges.

We all love to make New Year’s resolutions but sticking to them can be much harder. American writer and humourist Mark Twain’s advice was to break goals into bite size bits and start the first one.

As each year winds down, we naturally find ourselves reflecting on the year past and planning for what lies ahead. And whether or not you believe in making New Year’s resolutions, the end of the year is a perfect time for planning and thinking about your future.

For some parents, the years between their youngest child finishing high school, or university, and retirement, provide a great opportunity to increase superannuation contributions and better organise themselves, financially, for their post-work life.

The 'Australian Dream' of owning a home is a cherished goal for many. However, the foundations of homeownership are laid well before you start looking at real estate listings and applying for finance. In fact, it's the earliest habits of budgeting, saving, and investing that truly lay the groundwork for home owning success.

Dividends are an important source of income for investors, particularly in Australia with the benefits of the federal government’s dividend imputation system. But they don’t come without risk because they are not guaranteed and companies can reduce dividend payouts, as demonstrated during the COVID pandemic.

From 1 July 2022, super measures that were announced in the 2021 Federal Budget will come into effect. These measures aim to support both older and younger Australians get the most out of their super.

Risk is a familiar part of our daily lives, from crossing a busy road to planning an overseas adventure — everyday activities require us to make nuanced judgments balancing risks against rewards.

From 1 July 2023, eligible Australian families are set to benefit from reduced out-of-pocket child care expenses as the Government plans to increase the rate of the subsidy for families using child care earning less than $530,000 annually.

There are many benefits to receiving a pension or even a part pension, but there are limits to what level of income or assets you can have, to be eligible.

As part of our COVID-19 support effort we are sending communications to clients on topics such as the pension drawdown. Copies of these communications available here.

Moving into aged care can be an emotional and stressful time, especially when important financial and lifestyle decisions need to be made.

In retirement, every dollar counts. It’s worth exploring different strategies to grow your retirement income.