Posts by The Muirfield Team
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 …
Read MoreWhat 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.
Read MoreExcess 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.
Read MoreThe Story Of Income Growth
We are often asked ‘what do you think will happen to the investment markets?’
Many of you will have heard us say that I don’t have a crystall ball! However when I look at the Australian economy I can’t help but think we are in a very prosperous phase. Full employment, record company profits, strong economic growth, inflation and interest rates under control and a resources sector going ‘gangbusters’.
Read More2011 Autumn Newsletter
Plenty happening at Muirfield FS these past 3 months and much of it out of the office.
I’m sure you will join us in congratulating Carl Creasey and his wife Brigid on the arrival of their first born, Lillian Ann on March 24. All 3 family members are in good health and progressing beautifully.
Click here to read the 2011 Autumn eNews
Plenty happening at Muirfield FS these past 3 months and much of it out of the office.
I’m sure you will join us in congratulating Carl Creasey and his wife Brigid on the arrival of their first born, Lillian Ann on March 24. All 3 family members are in good health and progressing beautifully.
Read MoreAviva Investors Takes Top Award
Aviva Investors has taken out this year’s Morningstar Fund Manager of the Year award.
Aviva secured the top honours last week ahead of fellow Australian fund managers and finalists Perpetual Investments and Schroders.
Morningstar co-head of fund research Tim Murphy said the decision to award the prize to Aviva stemmed from the group’s overall performance.
Read MoreSo it’s finally time to retire … or is it?
To help you decide whether you’re ready to quit working and how much you will need, Bina Brown does the sums.
So you think you may be ready to retire. Before you swap your office garb for the gardening gear, you may need to think about the timing, among other things.
Read MoreGood news. The RBA keeps rates on hold.
As widely expected, the RBA has kept rates on hold for another month. Good news for variable rate mortgage holders.
It is however important to note that factors such as the reported skills shortage and low unemployment rates are likely to put upward pressure on wages.
Read MoreSwitching super money to save on tax
Yes, by all means start a TTR pension. And, yes, you can recontribute the money back into your super, where it will go into an accumulation account, separate from your pension account.
I suggest you open a second bank account within your super fund to take your recontributions and thus segregate the two. You can also salary sacrifice into this account.
Read MoreSuper Terminology Confusing: Survey
Millions of Australians nearing retirement age know little about superannuation and are confused by its basic terminology, a survey has found.
A Suncorp Life survey found that one in three people between 50 and 64 did not know the definition of the term transition to retirement.
Read More