Personal deductible contributions
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth January 2023 A problem with personal deductible contributions Making a personal deductible superannuation contribution shouldn’t be difficult, right? Well, many people are discovering this is not necessarily the case. Take Chris who made a personal deductible contribution in June 2022 wishing to reduce his tax bill.…
SMSF and residency
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth December 2022 If you have an SMSF and are going overseas you may need to act If you’re heading overseas to live and have a self-managed superannuation fund (SMSF), you may need to do something for your fund to maintain its complying status – which your…
Updated Federal Budget October 2022-23: Australia’s second budget for the year
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth October 2022 What with a new Government facing hard choices having inherited significant budgetary challenges in an environment of global and domestic economic uncertainty, it’s not surprising there was keen interest in this Budget. While at first glance Tuesday’s Budget seemed low-key, there are a number…
Death of an SMSF member including incapacity
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth November 2022 What happens to my SMSF when I die or lost legal capacity? So you have an SMSF, but are you prepared for one of the most significant events that may occur while running it – the fund’s succession? Generally, people don’t think twice about…
Super death benefits
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth September 2022 The superannuation system is designed to prevent the creation of ‘family dynasties’ with super. Contribution caps and the total superannuation balance test (TSB) restricting certain types of contributions limit how much can go into it. The system also ensures that benefits in it ultimately…
Super ideas for managing volatility
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth August 2022 We live in turbulent times. The first half of 2022 was a roller coaster ride on the markets with the big dipper being in June. Since then, the markets have recovered which highlights the fact you should never throw logic out the window when…
Do I need a Director Identification Number?
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth August 2022 Directors of Australian companies are now required to have a Director Identification Number (DIN). The introduction of DINs is part of the Government’s Digital Business Plan – which is part of its Modernising Business Registers program rollout. The aim is to prevent the use…
How to enjoy your retirement
By Graham Hand, on behalf of Firstlinks July 2022 Coinciding with 30 years of compulsory superannuation, the start of a new financial year and the introduction of the Retirement Income Covenant, we surveyed our readers to find out how they spend their retirement. As the survey was limited to retirees, the response from about 700 readers…
Planning for 2022-23
By Colin Lewis, Head of Strategic Advice, Fitzpatricks Private Wealth July 2022 It may seem untimely having just got over the 30 June hurdle to be thinking about your finances again so soon, but with the new financial year under way, now really is a good time to ensure your ‘financial house’ is sorted for 2022-23.…
SUBSCRIBE TO THE NEWSLETTER
Stay informed and on top of your financial game plan.
LEARNING CENTRE
Visit our library of resources containing educational articles and videos to help you live a great life and to keep you updated on financial matters.
PRIVATE WEALTH PROGRAM
Our Private Wealth Program gives you a financial road map, including action plan to achieve your three and 10 year goals.
