Financial Insights & Updates - May 2021
Welcome to the May edition of Financial Insights and Updates.
This month marks the beginning of a four-part monthly video series on the future of retirement presented by the ABC’s Alan Kohler.
During the last 18 months Australians have faced natural disasters, unemployment and work disruption on a scale that’s unprecedented in modern times. It’s no surprise that the future prospect of retirement hasn’t been front of mind for many. But there comes a time when our retirement plans become a reality. How big is the nest egg you need to retire comfortably, and what’s the best way to get there?
Closely related to much of the content in this video series is the report from the 2020–21 federal Budget, called - Your Future, Your Super. You can download and read a copy of this report from this newsletter.
The Your Future, Your Super measure has been introduced into Parliament and referred to the Senate Economics Committee.
The intent of this proposed measure is to:
- stop the creation of unintended multiple superannuation accounts for employees
- address underperformance in superannuation
- make it easier for members to choose a well-performing product
- increase accountability and transparency from superannuation providers.
The proposed measures are intended to apply from 1 July 2021 although at the time of writing the law has yet to receive royal assent.
This month we have also included an ASX 200 chart over the last 12 months which incorporates the events that have happened in the same time period. Definitely an interesting chart to have a look at.
Other articles this month worth taking note of include “How to invest for your children” and “Working from home – how to boost your next tax return”. Both are good articles to forward on to family and friends who may find the content relevant.
In signing off, please remember that we are always available to answer any questions or queries you may have.
The Team at Savanna Pride
Feature Video: The Future of Retirement with Alan Kohler:
Part One 7.30
(Please click on the image below to watch the video)
Feature Booklet: Your Future, Your Super
(Please click on the image below to read the booklet)https://mcusercontent.com/d67ce0336a0358555f22b3517/files/0887a9e1-7af4-00c3-5220-f07030b37d21/1._Your_Super_Your_Future.pdf
Feature Chart: 12 month market wrap ASX 200
(Please click on the image below to read the chart)https://mcusercontent.com/d67ce0336a0358555f22b3517/files/80874b38-ed4b-e5eb-66de-69f1a73b11ee/2._CVM_1103_2021_Market_Wrap_Infographic_V2.pdf
Has your life recently changed?
The busier we get the more we tend to put off the important things. Often the last subject we want to think about is our Will or other estate planning requirements. Living life always seems to get in the way! Sometimes that’s not our fault, especially if there has been a crisis or major change in our lives. The irony is that’s exactly when these issues should take a higher priority... Read More
How to invest in your children's future
Every parent wants to give their child the best start in life, even if that sometimes means footing the bill well into adulthood. Fortunately, with good financial planning, you can set your kids up for a bright (and independent) financial future, in just a few simple steps... Read More
Working from home? How to boost your next tax return
With the range of technology and software available today, it's become easier than ever to work from home. Employees can efficiently complete calls using teleconferencing software, many collaboration tools are now cloud-based, and work devices, including laptops and tablets, are light and portable... Read More
Small business insurance - why you need it
Several years ago, Steve and Brian started a small web-design business, GotyaOnline. Steve was responsible for growing and supporting their client-base, while Brian designed and built the websites.
Expanding to include maintenance of client databases and online shopping facilities, they bought new technical equipment and rented office space... Read More