Many of our clients often hold both Life and Total & Permanent Disability Insurance inside their superannuation funds, as is often the case for Australian expats. The issue with this for many is that the insurance became invalid when they changed their country of residence, which they would often only discover at the point they [...]
An account-based pension allows Australians to start drawing their superannuation as a regular income stream to support their retirement lifestyle. There are often a range of options when it comes to accessing your superannuation at retirement, whether as a lump sum or as an income stream, and it’s important to consider the implications of both. [...]
Superannuation is Australian’s retirement savings vehicle, and one of the largest and most advanced in the world. For anyone currently working in Australia, their employer will make a mandatory contribution of 9.5% into their chosen superannuation fund. This is imposed under the Superannuation Guarantee Laws in Australia to ensure that every Australian is regularly saving [...]
For most Australian residents, and the Australian expats planning to retire down under, superannuation will in many cases be one of the most tax efficient ways to save for and provide your retirement income. Providing your superannuation is managed appropriately and you receive the right advice, it can offer significant tax and estate planning benefits. [...]
As of 30 June 2017, there are more than 6.3 million lost and unclaimed super accounts, including those held by the Australian Tax Office (ATO), with a value of just shy of A$18 billion. If you’ve ever had more than one job in Australia, or even changed your name or address, then chances are some [...]
2016 was certainly an interesting year for financial markets and investors. After experiencing the worst 5-day start ever with the S&P 500 falling approximately 6%, global markets rebounded to reach all-new highs. Investors took on higher risk as they ditched the safe-havens of government bonds and started investing more into higher-yield bonds and growth assets. [...]
So you’ve decided to take the step to move overseas and explore a new land full of new and exciting opportunities. Whether that new opportunity be in Singapore or elsewhere, it is certain that it will be both an exciting and challenging time for you. As an Australian moving overseas, whether you’re never planning to [...]
"Something magical happens when parents turns into grandparents. Their attitude changes from "money doesn't grow on trees" to spending it like it does." - Sophia Loren Becoming a grandparent can be one of the most exciting times of your life, and it’s often the case that finance is not the first thought that will pop [...]
“In this world nothing can be said to be certain, except death and taxes.” - Benjamin Franklin One of the many great attributes of Singapore is the relatively low personal tax rates that we enjoy. For many countries including Australia, UK, France and Canada, the tax rates here in Singapore are considerably lower as [...]
The Central Provident Fund (CPF) is the retirement savings plan for citizens in Singapore. This is open to both Singapore Citizens as well as those that have Permanent Residency (PR) here. There have been many questions surrounding CPF lately so I’ve highlighted below the 6 key facts that you need to know. 1. You’ll earn [...]
