Protecting The Life (And People) You Love

  With more Australians having children later in life, starting a second family and carrying significant levels of debt well into their 50s and 60s, life insurance has never been more important. Life is full of unexpected twists and turns and you never quite know what is around the corner. Protecting your family against the loss of all the things you have worked hard for over the years is the cornerstone of a sensible strategy to defend your wealth and current lifestyle. Although most people know this, being ‘underinsured’ – or holding insufficient life-related insurance cover – remains common across

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Mortgages: Lock In Certainty, Or Roll The Dice On Savings?

Over the last few years, interest rates have dropped dramatically. They’re now around a quarter of what they were a decade ago, and half of what they were just a few years ago. The Reserve Bank’s decision to leave rates on hold has got some economists and commentators talking; could it be time for a rate rise soon? Nobody knows exactly when (or even if) the Reserve Bank will raise interest rates again. The good news, however, is that you’ve got a choice that allows you to hedge your bets. Whether you’re establishing a new mortgage or switching from an

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What Is Financial Advice, Financial Planning, Investment Management And Do You Need It?

Sometimes I find it hard to explain what we do and how we charge for it, part of this is due to public misconception and part to where this industry/profession has come from. Most people seeking financial advice expect to pay a fee but they expect their financial dollar return to be greater than that fee – but financial advice is not a transaction and it isn’t an investment service. Financial advice is a service that takes time and expertise, hence the charging of a fee. Not wanting to pay this fee would be like only paying your accountant if

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Time To Start Tax Planning

Typically at the end of the financial year, people start making last minute attempts to improve their tax position, which may lead to poor decisions being made. At McQueen Group, we believe the new financial year is the best time to start your tax planning for the year ahead. We see May and June as the months to make final, small adjustments in line with your overall strategy.   Areas you should consider are: How much tax are you paying? It can sting a bit when you look at your PAYG Summary and see how much tax you paid in

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Top Cash-flow Tracking Apps

There is no doubt that in today’s day and age our lives are ruled by the ever changing use of technology. We are right in the middle of technological advances that are linking business and consumers like never before. As with any boom, technology and how it is being used is rapidly shifting the landscape in which we operate in faster than we can keep up. This could not be truer than what we are seeing right now in the financial services arena. Apple and Android’s alike are flooded with budgeting, investing and money applications that can improve the ability

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Growing Your Superannuation

Making voluntary superannuation contributions is a key way to boost your retirement savings. This article explains the different methods of contributing to superannuation. There are several ways an individual may add to their superannuation. These include: Personal superannuation contributions Salary sacrifice Spouse contributions; and Government co-contributions   Personal superannuation contributions Making a personal contribution into superannuation and claiming a tax deduction for the contribution increases your retirement savings and reduces your income tax payable. Benefits Investing in superannuation boosts your savings to help meet your retirement goals The rate of return inside superannuation may be higher after-tax than investing outside superannuation.

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