Clark Consulting Financial Planning

14/04/2023

"Attention all superannuation account holders! There have been some recent changes to superannuation that you need to be aware of. Firstly, from July 1, 2022, the Superannuation Guarantee (SG) rate will increase from 10% to 10.5%. This means that your employer will be required to contribute an additional 0.5% of your salary to your superannuation account.

Additionally, the government has also announced that it will be scrapping the $450 per month threshold for receiving superannuation contributions. This means that all employees will be entitled to superannuation contributions, regardless of how much they earn.

Lastly, the government has announced that it will be increasing the maximum amount of voluntary contributions that can be made to superannuation. From July 1, 2022, the annual concessional (before-tax) contribution cap will increase from $27,500 to $30,000, while the non-concessional (after-tax) contribution cap will increase from $110,000 to $115,000.

These changes are designed to help Australians save more for their retirement. If you have any questions about how these changes may affect your superannuation account, please don't hesitate to get in touch with us."

02/04/2020

Good Morning everyone, the ATO has published information regarding the Early Access to Superannuation from the recent stimulus package for those affected by Covid-19. See below:

"From mid-April, eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020. They will also be able to access up to a further $10,000 from 1 July 2020 until 24 September 2020.

Feel free to contact us if you'd like to discuss your Super

Find out about early release of super and reduced super minimum drawdown rates.

02/04/2020

Hey everyone, the QLD State government has announced a rental grant for those ineligible for other government financial assistance measures. See below:

"New Rental Grant for households impacted by the COVID-19 pandemic.

This grant is only available to Queenslanders who need it the most and have exhausted all other options.

The COVID-19 Rental Grant is a one-off payment of up to 4 weeks rent (maximum of $2000) available to those affected by the COVID-19 pandemic who do not have access to other financial assistance. The grant is paid directly to your lessor."

Apply for a COVID-19 Rental Grant online.

10/11/2017

"The life insurance industry is to get common definitions following work by the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) concluded that it was almost impossible to make meaningful comparisons under current arrangements."

The life insurance industry will be required to use uniform definitions following work by the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission which found meaningful comparisons could not be made under current arrangements.

06/11/2017

Financial planning Tip of the week!!!
Have you consolidated all of your super accounts?? do you understand how all of the investment options work in your superannuation?? Is your insurance worth the money you pay for it??
These are some questions that need to be answered if building a substantial superanuation balance is one of your long term financial Goals.
One of the Main complaints I hear from clients is that all of their superannuation is being eaten up in fee's. These clients commonly have a few different accounts, multiple insurance policies and in general don't have much of an idea about how the funds are invested. To achieve a balance that is going to improve your lifestyle in retirement these things need to be taken seriously. At the end of the day, it is your money and it needs to be looked after. If you were to save 9.5% of your income into an account that you had access to, I guarantee you would know exactly, down to the dollar, how much was in that account.
We generally help our clients get on track, consolidate accounts for them, review insurances, explain how the investments work and show them ways to boost one of the most important assets they will acquire in their lifetime.
If you would like to get some help getting your superannuation on track please give us a call on - 07 55806135.

30/10/2017

Financial Planning Tip Of the week!!
Self Managed Superannuation Funds; One of the main topics that come up when talking to people about superannuation is the setup of a Self Managed Superannuation Fund (SMSF). The structure of an SMSF and the setup is an especially difficult one for beginners. The benefits of SMSF however, can include purchasing a residential Investment property inside of superannuation. Another benefit would include the increased range of products that are available form term deposits, Managed funds and direct shares. Although these benefits are available, it is highly recommended that you seek help from a licenced Financial Adviser as in my time I have seen a few train wrecks that have been caused by inexperienced people attempting complex strategies without the expertise to do it properly. SMSF is a complex strategy at the end of the day. This article was written by Peter Clark - 0755806135

14/08/2017

Financial Planning Tip of the week:
Do you have insurance through your Superannuation?
Odds are you do, but is it any good?

Follow us in the Friday Flyer for our Financial Planning Tip of the week!

07/08/2017

Financial Planning Tip of the week:
It seems like every job we’ve had we get another Superannuation fund to go with it, but how do we compare?

Follow us in the Friday Flyer for our Financial Planning Tip of the week!

24/05/2017

Clark Consulting Financial Planning is a family owned Business located in Oxenford on the Gold Coast.
We specialise in giving affordable quality advice to our clients.
Our Specialty Areas are;

- Superannuation
- Life Insurance
- Income protection insurance
- Retirement Planning
- Tax Minimisation
- Transition to Retirement Strategies
- Investment

If you would like to know More about our services or have a need for Advice on any of the above Areas, Please contact us today on 075580 6135 or visit our website

South East Queensland Financial Planners

16/03/2015

The problems with group Insurance through Superannation.

The latest disclosures of losses by Reinsurance Group of America and its immediate suspension of business are signs of deeper trouble in the industry.

16/03/2015

Sometimes even Industry funds are not acting in the best interest of their members.

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http://www.superreview.com.au/opinion/superannuation/industry-super-funds-are-playing-with-fire

The Industry Super Network is playing a dangerous game in suggesting past performance should be accepted as an indicator of future returns.

17/02/2015

Need advice? Send us a quick message on our contact page and we'll see what we can do!

http://www.clarkcfp.com/contact.html

South East Queensland Financial Planners