Financial planning - Townshend & Associates

New HELP Repayment schedules

October 8, 2018 | Budget, Financial planning, HELP/ HECS, Individual tax, Tax

From 1st of July 2019 a new payment minimum of 1% at income of $45,881 and a maximum threshold of 10% at $134,573 For comparison here are this years HELP rates: 2018–19 repayment income thresholds and rates for HELP, SSL, ABSTUDY SSL and TSL Repayment income (RI*) Repayment rate Below $51,957 Nil $51,957 – $57,729 […]

Home attached to your business? Better read this

September 19, 2018 | Accounting, Budget, Business Advisory, Equipment and Vehicle Finance, Financial planning, Mortgage Brokering

Cross-posted from mybusiness.com.au An insolvency specialist is warning business owners to be alert to the risks associated with falling property prices, given the family home is often used as security for business finance. Trent Devine, a partner at Jirsch Sutherland, suggested that the huge boom in values – particularly on Australia’s east coast – has […]

When is cash not cash? Ensure your cash investment option is what you think.

August 20, 2018 | Financial planning, SMSF

If you have read a financial report or have done some bookkeeping you may find the account “Cash and cash equivalents” you may know it may not be actual cash but in simple terms behaves very similarly to money. If you have some element of your superannuation or other managed investment monies allocated to the […]

Is optimism bias ruining your investments?

August 17, 2018 | Accounting, Business Advisory, Financial planning

An insightful article by Candice Chung from In the black. We often forget that scientific theory is applied and is the basis of over decision making, enjoy. Anyone who has ever signed a gym contract, attempted an alcohol-free month or jumped headlong into an elaborate new hobby has felt the rush of adrenalin the moment […]

Finance drives everything — including your insecurity at work

August 15, 2018 | Budget, Financial planning, SMSF

An excellent article by Professor David Peetz and puts in focus the need to find your financial journey in this world. From the conversation: There’s a common link between the many things that have promoted insecurity at work: the growth of franchising; labour hire; contracting out; spin-off firms; outsourcing; global supply chains; the gig economy; […]