IN THIS ISSUE

A new year rings in super changes

New rules coming into force on July 1 will create opportunities for older Australians to boost their retirement savings and younger Australians to build a home deposit, all within the tax-efficient superannuation system.
Using the existing First Home Super Saver Scheme, people can now release up to $50,000 from their super account for a first home deposit, up from
$30,000 previously.

Another change will help low-income earners and people who work in the gig economy.

How to manage rising interest rates

Rising interest rates are almost always portrayed as bad news, by the media and by politicians of all persuasions. But a rise in rates cuts both ways.
Higher interest rates are a worry for people with home loans and borrowers generally. But they are good news for older Australians who depend on income from bank deposits and young people trying to save for a deposit on their first home.

Rising interest rates are also a sign of a growing economy which creates jobs and provides the income people need to pay the mortgage and other bills.

Preparing for the next chapter

Retirement means starting a new chapter of your life, one that gives you the freedom to create your own story, as you decide exactly how you want to spend your time. While retirement may not be part of your immediate plans, there are advantages to giving some thought as to what retirement looks like for you and how to best position yourself, well before you leave the workforce behind.

We are here to help you with the financial side of things to ensure that retirement is not only something to look forward to, but a wonderful chapter of your life.

CONTACT US for further information or an appointment.