There is good news if the super balance on your recent statement is not what you were hoping for, or if you just know it is time to get serious about your super. You now have a new opportunity to boost your balance.

If you are over 65 years of age, there are significant incentives in place to downsize.

A Government initiative, introduced last year, allows you to contribute up to $300,000 to your super from the proceeds of selling your home. There are no restrictions on purchasing a smaller house and you don’t even need to re-enter the property market to benefit from the incentive.

A new federal government could bring with it significant changes to tax and superannuation rules. Some proposed ALP policies may impact on your financial goals, so if a Labor government is elected it may be time to review your overall financial strategy.

A common misconception is that financial advice is all about achieving investment returns, but we beg to differ.

While investing and investment returns are important, in our experience they are far outweighed by the strategic and structural advice we provide that achieves significant financial outcomes and tax efficiencies for our clients.

Our 7 ‘wealth fundamentals’ are designed to deliver outstanding financial outcomes whatever your age and stage of life, even for our most financially savvy clients.

Harnessing the power of compound interest means that even a modest capital investment can significantly build your wealth over time.

Super is one of the most tax-effective ways to build your retirement savings, and there are a number of strategies available to you which can really make a difference to your long-term savings.  

But given the regular changes to the super rules, it can be difficult to know what you can and can’t do and, more importantly, what you should do.

If you have specific wishes for the distribution of your wealth to your family, this tip is for you.

You need more than a Will, you need tax-effective strategies that consider your wishes for every branch of your family tree.

According to the Treasurer, this year’s Budget measures aim to provide tax relief to ordinary Australians, while supporting small-to-medium businesses and improving Australia’s essential services.