Planning for your retirement might seem like an overwhelming task, and even a pointless one if you’re thinking 20-30 years down the track, but it could be the biggest and most important plan you’ve ever made. While retirement is an exciting time and something you may have been looking forward to your whole life, you may not be as comfortable as you think if you haven’t made a solid plan. Here are some items to add to your retirement checklist
We’ve all put 2020 behind us, and it’s time for a positive fresh start with organisation and getting ahead in the New Year 2021. While taxes are not something we like to think about this time of year, it’s the perfect time to start getting organised about what you need for tax time and what deductions you can be eligible for. Here are some more of the unusual tax deductions you may not even be aware you can claim. 1.
It’s that time of year once again where we tend to make some New Year resolutions. For most of us, these usually tend to revolve around getting healthy, losing some weight or trying a new skill in the New Year. But one area people tend to forget about is financial resolutions. One of the best ways to keep your finances in order is to improve your bookkeeping skills and be on top for the New Year. 7 tips to get
If you have a business, it’s that time of year where you’re starting to think about Christmas parties and office celebrations. It’s also time as a business owner to say thank you to your employees for another year of hard work. But it’s also worth knowing what you can claim and what you can’t. The rules can be confusing, so here are some suggestions on how to make the most of your corporate budgets this year. There are two major
It’s been a whirlwind year and recent month in terms of tax with the much-anticipated tax cuts confirmed as part of the 2020 Federal Budget. The tax cuts which were initially planned for 2022, have been brought forward to this financial year. While it’s all well and good to announce tax cuts, most people are still wondering how it will affect them personally and what they should do with investments and their money to make sound financial choices. There’s also
Self-managed super funds (SMSF) are a way to save for retirement. They are usually established by an individual or family as a means of looking after their own super savings. The operative word (or words) is self-managed. An SMSF needs to be managed in order for it to be successful. It shouldn’t just be left – that is not really different to putting money into an interest-bearing savings account. Here are some expert tips from Charter Partners for a successful