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2011 Spring Newsletter

In the spirit of bringing you good news we are delighted to inform you that our advisers Melinda Planken and Carl Creasey have been awarded the highest financial planning designation of CERTIFIED FINANCIAL PLANNER® (CFP).

After finishing their degrees they have gone on to complete further years of study to gain this status.

We congratulate both and know you will continue to benefit from the highest level of qualification held by any financial planning group in Geelong.

The Financial Planning Association of Australia has just created a new practice designation of ‘FPA Professional Practice’. We are pleased to announce that Muirfield Financial Services has been one of the first Australian firms to have been granted this status.

2011 Spring Newsletter

Click here to read the 2011 Spring eNews

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FPA – Approved Financial Planners Awareness

The Financial Planning Association of Australia (FPA) are embarking on a campaign to increase consumer awareness of the importance of seeking the right financial advice.

You will soon see the TV advertising campaign on local TV stations aimed at raising the standing of the Financial Planning profession.

In these interesting times of volatile investment markets it is becoming more and more important to get the right financial advice from a trusted professional. The FPA campaign aims to encourage consumers to be mindful of a financial planners qualifications (or lack of) when seeking advice.

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Changes For First Home Buyers

The Victorian State Budget 2011-12 implements several initiatives to support first home buyers, pensioners and concession cardholders.

What does this mean for you as a first home buyer?

1. Land transfer (stamp duty) cuts for first home buyers from 1 July 2011. This provides a 20% reduction to the applicable stamp duty for first home buyers.

2. Extending the First Home Bonus for newly constructed homes until 30 June 2012.

3. Broadening the pensioner and concession cardholder land transfer duty concession.

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World Stock Market Value 1999-2009

hings change and keep changing – in finance as well as in life.

In the last few years Australia has done very well to steer a steady path through the financial issues rocking the economies of most of the rest of the developed world, and that world itself is changing.

Take a look at the graphs below which compare the composition of world stock markets in 1999 and 2009, showing the growing importance of Asia (ex-Japan) over this period.

The middle class of Asia is emerging and at full strength will be almost half the world’s population. An opportunity on our doorstep!

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Centrelink Concessions – Are you eligible?

Centrelink issues several types of concession and health care cards, which provide a range of benefits to card holders.

You may be eligible for the benefits below without realising it so we encourage you to contact us to make sure you are not missing out on anything (you may even be able to get more than one at the same time!).
1. Pensioner Concession Card
2. Low Income Health Care Card
3. Commonwealth Seniors Health Care Card

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A price on carbon in 5 easy steps

The topic is hard to avoid.

If you have been reading the newspapers, watching tv or listening to the radio lately you would notice that the biggest topic of conversation seems to be centered around the debate over the carbon tax. But what exactly is it proposing?

For those of you that are still unsure what the tax is, we found that this short video below (whilst only a broad overview) provides some insight into the proposed carbon tax.

We do not provide this video to represent any particular view on the carbon tax, nor do we express our opinions over its validity or present any political views. There continues to be some debate over this topic and we simply feel that this short video provides a succinct overview of the proposed carbon tax in under 2 minutes.

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2011 Winter Newsletter

Just back from a holiday and the staff tell me everything ran smoothly and I wasn’t missed! Not sure if I should be pleased or sulk. What I do know (and have been told by many of you) is that they do a great job in attending to your financial needs and for that I’m very grateful.

No sooner had I returned than we were advised (within the Carbon price info) that all Australians from July 2012 will be able to earn up to $18,200 pa before any tax.

Over 1,000,000 Australians will no longer need to do a tax return.

Winter eNews

Click here to read the 2011 Winter eNews

Just back from a holiday and the staff tell me everything ran smoothly and I wasn’t missed! Not sure if I should be pleased or sulk. What I do know (and have been told by many of you) is that they do a great job in attending to your financial needs and for that I’m very grateful.

No sooner had I returned than we were advised (within the Carbon price info) that all Australians from July 2012 will be able to earn up to $18,200 pa before any tax.

Over 1,000,000 Australians will no longer need to do a tax return.

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Muirfield Seminar Success

We are pleased to hear all the positive feedback following our Special Client Event held at Skilled Stadium last night. Thank you to those who attended for creating a great atmosphere and making the night a success.

For those of you who missed out, our guest speakers were Alexandra Roos from Premium China Funds Management and adventurer, Mark George.

Our first guest speaker, Alexandra Roos is …

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What Is An Anti Detriment Benefit?

A recent Anti Detriment benefit provided a client with an additional $45,000 from her late husband’s Navigator Portfolio in addition to his account balance, providing her some financial comfort during this difficult time.

Anti Detriment benefits are not new, however the majority of superannuation funds continue to ignore this important estate planning feature available to their members. Anti Detriment is a refund of all tax on contributions paid by a member during the period of their superannuation. This also includes previous super history if your fund has been rolled over to Navigator.

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Excess Contributions To Super = Bad News!

Superannuation contributions generally fall into the category of either Non Concessional (no tax deduction is sought) or Concessional (a tax deduction has been sought). The following table helps illustrate the allowable contributions to super dependent on age.

Any excess contributions incur additional tax payable of up to 46.5%. To ensure this additional tax is not payable please check contributions made in the past 2 financial years to any superannuation accounts in your name. It is important to note the contribution limits apply to your total number of super funds not per individual account.

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