Financial Insights & Updates - February 2021
Welcome to the February edition of Financial Insights and Updates.
As the Australian Open comes to an end with Novak Djokovic and Naomi Osaka emerging the winners and taking home $2.75 million each, some of us may be left pondering what we will do if we were to receive such a bonus amount from our work.
This month, our video “Increase our super balance” will give you some ideas on what to do with your extra income, regardless of amount. Our lead article “It’s not really a sacrifice” also provides a case study on how opting to salary sacrifice a wage increase will result in a higher net benefit.
An interesting article this month is “Australia’s reliance on China” which will provide some insight into our trade relations with China.
In signing off, please remember that we are always available to answer any questions or queries you may have.
Warm regards,
The Team at Savanna Pride
It’s not really a sacrifice
If you are earning more than you need to live comfortably, salary sacrificing may be an attractive option to reduce your tax, boost your superannuation and prepare for a more comfortable retirement later on.
Salary sacrificing simply involves... Read More
Australia’s reliance on China
In 2007 China displaced Japan as Australia’s largest trading partner. In 2009 it became Australia's largest export market, and in 2017-2018 we sold A$123.3 billion worth of goods and services to China – 30.6% of our total exports. In comparison Japan, still our second most important market, only took 12.7% of our exports... Read More
3 decisions you forgot to consider while planning for retirement
Your retirement should be a time to free yourself from financial stress. Planning is the key to a trouble-free retirement.
Here are 3 decisions retirees commonly miss... Read More
Budgeting for baby: What you need to know
Having a baby is an exciting and life changing experience. But what about the cost? There are many hidden and unexpected expenses that go along with your new bundle of joy. Follow our handy guide to planning your finances, so you can avoid any money worries once baby arrives... Read More
An often forgotten aspect of insurance
When most people think about financial planning they tend to focus on the wealth creation side of things, but often forget about the wealth protection. Building a financial plan without adequate insurance is like building a house on flimsy foundations... Read More
How will an inheritance affect your children?
Australia has emerged from a mix of wonderful cultures, many of which came to our country in search of a new life in a new country with great promise. The courage and commitment our forefathers brought with them from often difficult lives elsewhere has been the basis from which the Australian ethos of “never give up” has flourished... Read More
How to protect your finances from cybercrime?
Cybercrime rose sharply in 2020, as more people worked, shopped and socialised online due to the COVID-19 pandemic. Anyone can be a target, so it’s essential to be proactive when it comes to protecting your finances and identity online.... Read More
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