How to hide money from Centrelink – Legally
Not a day goes go by where I am not asked some form of question about how best to structure (hide) money to protect and improve a Centrelink entitlement.
Whilst the term “hiding money” brings thoughts of illegal activity to mind, there are legitimate strategies available to you to preserve or enhance your eligibility for a Centrelink entitlement.
Read MoreMarie Kondo your money
Marie Kondo’s principles of tidying aren’t just for your closets, cupboards and the kitchen pantry! The Japanese decluttering expert has made a name for herself with the KonMari method which revolves around discarding personal items that no longer spark joy.
We’ve taken some of her ideas, overlayed some of the more common financial manifestations we see and proudly present, the Muirfield financial spring clean!
Read MoreMuirfield Celebrates 30 years
Thirty years is a long time to be in small business and we’re proud to say we’ve continued the client focused traditions implemented by Hayden Torney back in 1989 when he established Muirfield Financial Services. Over the years we’ve had the good fortune to work with some amazing people, families and other small businesses throughout the region. For most, the value of our advice and support is centred on making financial decision making as simple and stress-free as possible.
Read MoreTips For A Meaningful Retirement
Muirfield recently published an article in the Surf Coast Times “Celebrating Seniors and Retirement Living” liftout. The article explored 5 tips for a meaningful retirement.
Retiring is one of the most significant life changes people make and for most retirees the transition is a relatively easy one to navigate. For some, adjusting to life after work can be more difficult, particularly when people have spent a lifetime finding meaning and social connection in their careers. Obviously, the decision to retire is a big one from a financial perspective, however, over time, I have come to appreciate the importance of preparing my clients for retirement emotionally as well as financially.
Read More2019 Financial Year in review
With end of the financial year now behind us we take a look back at what happened in investment markets and financial circles over the previous 12
months.
In short, 2018/2019 was a bumpy ride, though we still managed to see positive returns in all major asset classes.
Read MoreTerm Deposits – Where to go when rates are low?
The Reserve Bank of Australia cut rates to a new record low of 1% in July – Borrowers cheered the announcement, however retirees and savers sitting in Term Deposits or cash have seen an already low return, cut even lower.
With most 12-month Term Deposit rates now sitting under 2%pa, the big question is where to from here to achieve a greater return on investment?
Read MoreSuperannuation Contributions – New Rules from 1 July 2019
Each year the Government changes the goal posts for superannuation. This year older Australians saving for retirement have been given a boost. Please read on to see if these changes apply to you.
Read MoreChanges to Centrelink Deeming Rates
Many of you will have heard of the term “deeming”. It is a method used by Centrelink to determine your income when assessing your eligibility for a benefit. Rather than have you declare the exact earnings from your shares or bank accounts, Centrelink “deem” these financial assets to earn a set rate of return.
Read MoreAutumn 2019 Newsletter
In our Autumn Newsletter we introduce some new faces to the Muirfield team, discuss the changes seen following the election (or lack thereof) and provide an update about the Centrelink energy concession. Click the button to learn all about what’s been happening.
Read MoreBudget 2019
We reflect on the events of 2018 before looking at what’s in store for investment markets in 2019.
In 2019 we see market volatility persisting given we’re facing another election, further interest rate speculation, predicted house price falls and global political games.
Read More