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Financial Insights & Updates - April 2020

 

 

Welcome to the April edition of Financial Insights and Updates.
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In the current all-time low interest rates environment, many people might be using this to review their home loans. Before you speak with your bank or mortgage broker, watch our video “Choosing a Home Loan” and read our article “Switching Home Loans” to get some basic information first.

Another interesting article this month is “Financial Basics Foundation – financial literacy for our children”, which talks about how secondary schools can access free teaching resources for our kids. It also provides a link to the foundation’s website for anyone to access the modules. This could be a good course for parents to go through with their children at home during this period of studying from home.

In signing off, Anzac Day 2020 will be unlike any other. For the first time in a century the streets will be empty; there will be no suburban dawn services, mid-morning marches or afternoon two-up matches.

Instead Australians are asked to unite and recognise past and current armed services personnel by standing in their driveways or living rooms at 6:00am for a dawn service with a difference. The RSL has also encouraged people to take part in a Community Ode by recording a video of themselves reciting The Ode and posting it to social media in the lead-up to ANZAC Day.

Please remember that we are always available to answer any questions or queries you may have.

Warm regards,


The Team at Savanna Pride

Feature Video: Choosing a Home Loan  

(Please click on the image below to watch the video)

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Switching home loans

 

Work out if you'll save money by switching to another mortgage
 
Refinancing your home loan to take advantage of a lower interest rate might save you money. Before you switch, make sure the benefits outweigh the costs... Read More

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Financial Basics Foundation - financial literacy for our children

 

Financial literacy is a fundamental life tool. Teaching our kids about financial management from a young age should be a high priority as this is now recognised as an important stepping stone to financial success... Read More

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Reducing the most important risk to business

 

Owners of very small businesses, also known as micro businesses, frequently fail to allow for the risks they face. The main reason most business owners would give for this oversight is they are just too busy working in the business to focus on what “might” happen... Read More

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Salary sacrifice vs personal contributions to super


If you are an employee, there are two ways in which you can optimise the tax-effectiveness of your additional super contributions: 

- Opt for a salary sacrifice arrangement or... Read More

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Downsizing in retirement
 

Decide whether downsizing your home is right for you.

If you're thinking about selling your home and downsizing, consider the pros and cons. Check if selling your home affects your government benefits.. Read More

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How the family home can affect aged care fees 
 

Residential aged care is playing an increasing role in helping many older Australians enjoy comfortable and carefree lives. However, one of the tasks for anyone assisting an elderly relative with the move into aged care is to investigate the various fees and charges, some of which are subject to both assets and income means tests. As the family home is often the largest asset and can be a source of income if rented out, it’s particularly important to understand how it is treated in relation to these tests... Read More

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Savanna Pride
Level 1, Suite 4, 24 Muriel Avenue
Innaloo WA 6018

P: 08 6102 3453
E: office.admin@savannapride.com.au
W: www.savannapride.com.au

Disclosure: Savanna Pride Holdings Pty Ltd ABN 57 347 787 059 is a Corporate Authorised Representative of WealthSure Financial Services Pty Ltd Australian Financial Services License No 326450. 
 
This email is sent by or on behalf of the named sender identified above. If:                                                                                                                                    
(a)    you do not wish to receive any email marketing material from me in the future, please forward the contents of this email with the message 'unsubscribe' in the subject box to office.admin@savannapride.com.au or
(b)    you wish to unsubscribe from all central email marketing lists used by our business,
please forward the contents of this email, with the message 'unsubscribe from all central email marketing lists' in the subject box to office.admin@savannapride.com.au.

Notice: This message contains privileged and confidential information intended only for the use of the addressee named above. If you are not the intended recipient of the message you are hereby notified that you must not distribute, copy or take action in reliance of the information contained in this message. If you have received this message in error please notify office.admin@savannapride.com.au  immediately. Any views expressed in this message are those of the individual sender, except where the sender specifically states them to be the view of Savanna Pride Holdings Pty Ltd.


The advice contained herein does not take into account your particular objectives, needs or financial situation.  Before making a decision regarding the acquisition or disposal of a Financial Product you should assess whether the advice is appropriate to your objectives, needs or financial situation.  You may wish to make this assessment yourself or seek the help of your adviser.  No responsibility is taken for any person acting on the information provided. Persons doing so, do so at their own risk. Before acquiring a financial product a person should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.

 
Copyright © 2020 Savanna Pride, All rights reserved. 
You have received this email because you are a valued client of Savanna Pride. For more information about what you have read, please feel welcomed to contact me on (08) 6102 3453. 

Our mailing address is: 
Savanna Pride

PO Box 1008

Osborne Park, WA  6916

Australia


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Financial Insights & Updates - March 2020

 

Welcome to the March edition of Financial Insights and UpdatesXnip2020-03-30_14-54-35.jpg

 

 

 

 

 

Budgets are essential for tracking your financial health but mention the word 'budget' and most people would moan.

With the right tools and guidance however, creating and maintaining a budget can be easy and stress-free. Our video this month “Quick ways to start a budget” along with the article “How to do a budget” can help get you started. Remember that you can always give us a call if needed as we can work through your budget with you or provide you with budgeting tools.

As usual we have also prepared other articles on a variety of topics which I hope you will find interesting and informative.

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

 

Feature Video: Quick ways to start a budget  

 

(Please click on the image below to watch the video)

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How to do a budget
Easy steps to plan and manage how you spend your money
Having a budget helps you to feel in control of your money. You can put aside money for big bills when they arrive, and plan savings to achieve your money goals.

You don’t need an accountant or special software to set up your own budget. Start by looking at where you are right now and where you want to be... Read More

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                                                                                           What would happen if you couldn't work?
 

If you were paid the average annual wage of $86,7411, you could potentially earn over $10,450,000 over a 40-year working life2. You would use this money for daily living, for holidays, to accumulate assets like a house and car and to save for your retirement. Being injured or taken ill, for only a short period, could severely affect or even cancel some of these plans... Read More

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                                                                                                     What is a Child Maintenance Trust?
 

When relationships break down, child maintenance payments are often made from post-tax money. If this is a position you are facing, perhaps you might be interested in learning about a Child Maintenance Trust... Read More

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                                                                                      Unlocking the mysteries of your super statement
 

Superannuation statements. Boring, right? But if, like many people, you toss your annual super statement in a drawer or hit delete, you could be depriving yourself of many thousands of dollars just when you need it. So it’s worth the small effort to take a closer look at your superannuation statement... Read More

 

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                                                                            3 things you may have forgotten to plan for in retirement
 

Retirement can be an exciting phase in your life. But all the recent changes to superannuation bring with them lifestyle and financial issues you need to be aware of as you plan your retirement... Read More

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                                                                               Wealth planning across the ages
 

For previous generations of Australians, retirement usually meant ceasing work and hoping to live long enough to qualify for the age pension. Apart from the family home and personal belongings there were usually no substantial assets to leave behind for children or other family members. Superannuation has changed all of that... Read More

 

 

 

 

Welcome to the January edition of Financial Insights and Updates.

 

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Our first newsletter for 2020 contains a number of interesting and informative articles starting with an article about four financial resolutions to kick start the new year. The article "Is paying off your mortgage quicker really the best option" will give you plenty of food for thought amidst current low interest rates. We are also sharing an excellent article about five ways  to benefit from the current record low interest rates.

If choosing to invest instead of paying off your mortgage, the quiz "How much do you know about investing?" can help strengthen your understanding of investing basics. Prior to actual purchase of investments, reading the article "Placing your family wealth in trust" can help determine how the investments should be held.

For those who are nearing retirement or are newly retired, you should consider reading our article "Retire at 65 but don't retire your money" to see why you should continue making your money work hard in order to address longevity risks.

Our final article this month talks about insurance cover for natural disasters. Seeing the bush fires that have blazed across the country, we felt it was a good reminder for everyone to review their understanding of storm, fire and flood insurances and adjust their cover as necessary.

We are pleased to report that a number of our clients have forwarded one or more of our articles to friends and family because what the article discussed contained information that was helpful in dealing with or understanding a range of financial issues and concerns, so please feel free to do the same.

In signing off, please remember that we are always available to answer any questions or queries you may have about what you have read.

 

Warm regards,


The Team at Savanna Pride

 

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Four financial resolutions to kick start the new year

 

The dawn of a new year sees many people setting new year's resolutions such as losing some weight or giving up smoking.

Similarly, the beginning of a new year is the ideal time for setting financial goals... Read More

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Is paying your mortgage off quicker really the best option?

Not so long ago one of the most effective, low risk wealth creation strategies was to use spare savings to pay down a mortgage, either directly or via the well-disciplined use of an offset account. If your mortgage interest was 8% per annum, that's the effective, after tax investment return this strategy this delivered, substantially reducing the term of the loan and delivery big savings  on interest... Read More

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5 ways to benefit from record low interest rates 

Interest rates have never been lower, and it's possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low interest rates? Read More

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How much do you know about investing? 

Investing is normally a topic that conjures up images of pinstriped executives and sophisticated financial markets.

But in reality, the act of investing is... Read More

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Placing your family wealth in trust

The basic function of a trust is to separate control and ownership. The result of using a trust is that assets are protected, and profits are distributed in the most tax-effective way. There is no 'one-size-fits-all' type of trust The trust you use depends on... Read More

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Retire at 65 but don't retire your money

Australian retirees are facing a 'double-whammy' when it comes to funding their retirement. On the one hand we, as a nation, are enjoying longer and healthier lives. On the other hand, record low interest rates have slashed the returns on the traditional bedrocks of post-retirement investment portfolios such as term deposits, cash management accounts and annuities... Read More

 

 

Disclosure: Savanna Pride Holdings Pty Ltd ABN 57 347 787 059 is a Corporate Authorised Representative of WealthSure Financial Services Pty Ltd Australian Financial Services License No 326450. 
 
This email is sent by or on behalf of the named sender identified above. If:                                                                                                                                    
(a)    you do not wish to receive any email marketing material from me in the future, please forward the contents of this email with the message 'unsubscribe' in the subject box tooffice.admin@savannapride.com.au or
(b)    you wish to unsubscribe from all central email marketing lists used by our business,
please forward the contents of this email, with the message 'unsubscribe from all central email marketing lists' in the subject box to office.admin@savannapride.com.au.

Notice: This message contains privileged and confidential information intended only for the use of the addressee named above. If you are not the intended recipient of the message you are hereby notified that you must not distribute, copy or take action in reliance of the information contained in this message. If you have received this message in error please notify office.admin@savannapride.com.au  immediately. Any views expressed in this message are those of the individual sender, except where the sender specifically states them to be the view of Savanna Pride Holdings Pty Ltd.


The advice contained herein does not take into account your particular objectives, needs or financial situation.  Before making a decision regarding the acquisition or disposal of a Financial Product you should assess whether the advice is appropriate to your objectives, needs or financial situation.  You may wish to make this assessment yourself or seek the help of your adviser.  No responsibility is taken for any person acting on the information provided. Persons doing so, do so at their own risk. Before acquiring a financial product a person should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.

 

 

 

 

 

 

 

Welcome to the November edition of Financial Insights and Updates

 

 

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No one enters into a marriage expecting it to fail but when it happens, it has a shattering effect on all areas of a person's life, including their financial stability. Our video this month "Divorce and separation financial checklist" will provide you with a quick insight to the checklist that is available on the ASIC website that can help a person get through a divorce while keeping their finances in the best possible shape. Our article "Going solo in retirement"then explores the pros and cons, for a person facing retirement alone, for their lifestyle and finances. This is done based on Dianne Kemp’s situation, a 65-year-old retiree.

As usual we have also prepared other articles on a variety of topics which I hope you will find interesting and informative.

 
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

 

Feature Video: Divorce and separation financial checklist

  (Please click on the image below to watch the video)

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Going solo in retirement

With divorce rates rising among couples aged 55+, more people could find themselves going it alone in retirement. We explore the pros and cons for your lifestyle and finances and speak to Dianne Kemp about her experience of planning for retirement after divorce... Read More

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Financial tips for single parents

 

Making ends meet can be difficult enough for two-parent families, but for single-parent families it can be even harder. With a few small steps you can be on the path to financial security.


For many single-parent families, the struggle-cycle is... Read More

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Wealth protection through the ages 

Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or yourself, from unforeseen risks that can undermine the best made plans. Just as your wealth creation strategy needs to be... Read More

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Lending money to friends or family - should you do it?

What would you do if a family member asked to borrow money – besides the less painful option of beating yourself over the head with a fence paling? You want to help, but you’re right to be wary.

It’s a difficult subject... Read More

 

Disclosure: Savanna Pride Holdings Pty Ltd ABN 57 347 787 059 is a Corporate Authorised Representative of WealthSure Financial Services Pty Ltd Australian Financial Services License No 326450. 
 
This email is sent by or on behalf of the named sender identified above. If:                                                                                                                                    
(a)    you do not wish to receive any email marketing material from me in the future, please forward the contents of this email with the message 'unsubscribe' in the subject box to office.admin@savannapride.com.au or
(b)    you wish to unsubscribe from all central email marketing lists used by our business,
please forward the contents of this email, with the message 'unsubscribe from all central email marketing lists' in the subject box to office.admin@savannapride.com.au.

Notice: This message contains privileged and confidential information intended only for the use of the addressee named above. If you are not the intended recipient of the message you are hereby notified that you must not distribute, copy or take action in reliance of the information contained in this message. If you have received this message in error please notify office.admin@savannapride.com.au  immediately. Any views expressed in this message are those of the individual sender, except where the sender specifically states them to be the view of Savanna Pride Holdings Pty Ltd.


The advice contained herein does not take into account your particular objectives, needs or financial situation.  Before making a decision regarding the acquisition or disposal of a Financial Product you should assess whether the advice is appropriate to your objectives, needs or financial situation.  You may wish to make this assessment yourself or seek the help of your adviser.  No responsibility is taken for any person acting on the information provided. Persons doing so, do so at their own risk. Before acquiring a financial product a person should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.