Welcome to the 2021/2022 financial year!!

On 1 July this year, the Transfer Balance Cap increased from $1.6 million to $1.7 million. In our first article, we explore what this means, who it applies to, and other changes that could affect you.

Giving your investments a ‘mid-flight check’ is something investors should do annually. Whilst the markets have made a remarkable recovery from the 2020 lows, it’s important to check your investments to ensure your portfolio is well diversified.

Over the coming decades, we’ll see the biggest intergenerational wealth transfer in history. Understand why there is a major increase in wealth and how you can plan financially to receive an inheritance.

Retirement is something we all dream of, however, heading into retirement debt-free is another thing altogether. We’ve provided seven tips that can help reduce your debt before you retire.

With some of us still regularly working from home, finding the right balance between work and family can be difficult. Can you switch off at the end of the day or do you continue working to please your boss? Excessive hours can lead to burnout so it’s important to realise there needs to be a comfortable balance between the two.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on 02 6947 2866 or email admin@sgw.net.au.

Kind regards,

Raechel Weaver

Transfer balance cap set to increase to $1.7 million

The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone.

Read full article >>

Is now the perfect time to give your portfolio a mid-flight check?

Fixing the roof is easier, and more enjoyable, when the sun is shining. What a shame then that we only tend to look critically at our investments when it’s blowing a hooley in the markets and we are scrabbling around for buckets to catch the drips. Read full article >>

Preparing for the biggest wealth transfer in history

The next 20 to 30 years will see the biggest intergenerational wealth handover in history, predominantly between 'baby boomers' and their heirs. So why is it important to discuss inheritance planning with your family if you fall into this group? Read full article >>

7 tips to reduce your debts before you retire

As your working life draws to a close, your social life and recreational activities don’t have to. If you’re a little anxious about money still owing, here are a few pointers. Read full article >>

Life is a balancing act

Do you sometimes feel that your life is a balancing act? Read full article >>

Stephen Wood DFP, CFP & JP.
Financial Planner Authorised Representative AMP Financial Planning Pty Ltd ABN 89 051208 327 AFS Licence No. 232706. On behalf of SG Wood Pty Ltd ABN 62 001 378 258 Trading as SGW Financial Services.
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