Showing Tag: "savings" (Show all posts)

Redundancy - an end to tax savings

Posted by Naomi Rosenthal on Monday, February 20, 2012, In : Superannuation

Have you been offered a voluntary redundancy? Are you in a position to negotiate termination with your employer?
If so, consider that the transitional rules for employer termination payments (ETPs) are set to end on 30 June 2012. This will have a marked impact on how much tax you will pay on benefits after 1 July and you will no longer be able to direct part of the ETP into super.
If you are in a position to take bona fide redundancy or early retirement, contact us today to discuss the implicat...

A Clever Strategy for getting back into the market

Posted by Naomi Rosenthal on Friday, November 18, 2011, In : Investments

There is plenty of concern over where markets are headed with such news stories as the “European crisis” scaring us with doom and gloom commentary.

It’s at this time that Dollar Cost Averaging can help you. This is when you “drip feed” into the market by buying bit by bit, rather than all in one go. A simple way to do this is to set up a monthly Regular Savings Plan for your managed investment or an automated purchase order for your shares.

This approach means you don’t have to try ...
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The Ant and The Grasshopper

Posted by Naomi Rosenthal on Thursday, September 22, 2011, In : Financial Planning

In a field one summer's day a Grasshopper was hopping about, chirping and singing to its heart's content. An Ant passed by, bearing along with great toil an ear of corn he was taking to the nest.
"Why not come and chat with me," said the Grasshopper, "instead of toiling and moiling in that way?"
"I am helping to lay up food for the winter," said the Ant,"and recommend you to do the same."
"Why bother about winter?" said the Grasshopper; we have got plenty of food at present." But the Ant went ...
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How to move into retirement and be better off

Posted by Naomi Rosenthal on Monday, July 18, 2011, In : Superannuation

Move into retirement and be better off

If you’re between 55 and 75, establishing a transition to retirement pension could help you:

ease into retirement by reducing your working hours without reducing your income
increase your retirement savings without impacting your income if you are still working full time
boost your income today so you have more money to cover your everyday living expenses.

‘Transition to retirement’ rules were introduced to allow working Australians aged 55 ...

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Responsibility for the content and opinions expressed herein rests solely with the author and opinions expressed do not necessarily represent the views and opinions of Millennium3 Financial Services Pty Ltd.
The information on this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product.
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Whilst care has been exercised, the taxation information contained is provided as a guide only and may not be relied upon. If in doubt, you should seek independent tax advice from a qualified tax adviser.