Maddern Financial Advisers shortlisted for Optus My Business Awards 2017!
Maddern Financial Advisers are excited to announce that they have been shortlisted for the prestigious Optus My Business Awards for a second consecutive year. A local business covering independent financial and accounting advice, is in the running to take out one of Australia’s longest-standing business awards program. Maddern Financial Advisers has been shortlisted as a finalist to win the award in the Finance Business of the Year category at […]
Cars and tax – what can you claim?
With transport costs for Australian families continuing to rise, claiming some of your expenses back at tax time sounds great, but it’s important to get it right if you don’t want to attract the attention of the tax man.i The key point to remember is that you can only claim expenses directly connected to using […]
How to be prepared for climbing interest rates
Interest rates have been low for so long it’s tempting to think low rates are the new normal. So when the Reserve Bank suggests that a cash rate of 3.5 per cent is the new ‘neutral’, people take notice. Even the Prime Minister warned Australian householders to prepare for higher interest rates ahead.i The official […]
Life insurance inside or outside super?
If you’ve got super, chances are you’ll have some default insurance included and the option to buy more at an attractive price. It’s a cost effective way to get a basic level of cover, but holding insurance inside super does have some downsides. Forms of superannuation insurance There are three types of insurance you can […]
Time to review transition to retirement pensions
Amid the major reforms to superannuation that took effect on July 1, some significant changes to the tax treatment of your Transition to Retirement Pension (TRIP) may have flown under the radar. Some individuals will be affected more than others, so if you have a TRIP or are thinking about starting one, now is the […]
Making tax work for you
Tax should never be central to any investment decision you make but it still has an important role to play. What that means is your investments should be tax effective rather than tax driven. Depending on your personal financial circumstances, there are bound to be ways you could minimise you tax obligations to maximise your […]
Business disruptors and how to shake things up
When car-sharing pioneer Uber was born seven years ago in San Francisco, few would have predicted the speed and size of the impact it would have on the taxi business. Or that in seven short years it would become a business valued at US$50 billion, with operations in almost 60 countries. Fewer still contemplated the […]
Increasing the impact of your donations
As we reach the end of financial year, we have the opportunity to rethink our approach to donating. As we reexamine our financial positions and think about tax time, giving to a worthy cause makes a lot of sense. Just like there are ways to make sure that you make the most of available deductions, […]
June 30: Tips for getting your financial house in order
Time is running out to get your financial house in order before June 30. This is especially the case for anyone who has funds available to make a large cash injection into their superannuation retirement savings before the rules change. The 2016-17 financial year is your last opportunity to make a non-concessional (after tax) contribution […]
Tax and the super afterlife
Death and taxes are never pleasant topics to think about, but a little careful consideration now could save the people who will inherit your superannuation savings a big tax bill. Many people assume there’s no tax payable on super death benefits, and in some circumstances this will be the case. But tax may be payable […]