Making Sense of the First Homeowner Super Saver Scheme
The First Homeowner Super Saver Scheme (FHSSS) allows first home savers to add money to superannuation, realise a tax saving and then withdraw the money from superannuation when the time comes to purchase a home.
Read More2020’s top economic jargon
If the economic concepts that arise this year don’t make much sense to you, congratulations: you’re not alone. To give you a fighting chance at keeping up, we have borrowed from The Age columnist, Jessica Irvine’s top 10 list of economic jargon words or phrases you’ll need to avoid looking silly at dinner parties this year.
Read MoreIncrease your Spouse’s Super
If you are a member of a couple, there are a few ways that you can build your superannuation balance either from household income, or your spouse’s superannuation contributions.
Read MoreCentrelink Wait Times
With an ageing population and an ever-increasing number of people applying for Centrelink benefits, the processing times of applications is understandably getting longer.
Read MoreWhat’s my Retirement Purpose
Retirement for most people is a daunting consideration – it is letting go of consistent security (often found through work and income) to financially support yourself (and dependents) for the rest of your life.
We often ask clients, what is your ‘purpose’ in retirement? A consideration that varies significantly from person to person.
Muirfield – Making a Difference
This week we were advised the Ocean Mind application was successful with a $10,000 grant helping to change the lives of youth in our region.
Read MoreThe Search For Meaningful Income
The Reserve Bank of Australia continues to reduce interest rates to historic lows. Rightfully so, investors are questioning what to do with their money so it doesn’t go backwards!
Read MoreWhat happens to the family home when moving into permanent aged care?
It is a common misconception that people are forced to sell their homes to fund a move to permanent aged care. Depending on financial assets outside the family home, assets could be structured to cover the costs without accessing the home equity.
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 MoreHow 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 benefit.
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 benefit.
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