Virtus Financial Services

Virtus Financial Services We provide professional financial advice to help make your picture of tomorrow become reality.

Financial planning is not just about investments and, not only for the wealthy either. It's for anyone who wants to take charge of their financial situation. We are here to ensure you are in control of your financial future, no matter what life throws at you. Even when you face additional financial commitments like becoming pregnant, taking on a mortgage, paying a child's school fees, or meeting u

nexpected medical expenses - working with a qualified financial planner will help you to navigate the challenges with confidence and peace of mind.

05/05/2026

RBA cash rate raised to 4.35%

At its meeting today, the Reserve Bank of Australia (RBA) has increased the cash rate by 0.25%, with the official cash rate now sitting at 4.35%.
Today’s decision reinforces the RBA’s ongoing priority to bring inflation back within its 2–3% target range. The decision was supported by data released last week which showed inflation has continued to increase, largely due to global conflict-driven supply issues and higher fuel costs.
The data highlighted:
• Headline inflation has risen to 4.6% for the 12 months to March 2026, up from 3.7% in February 2026.
• Underlying (trimmed mean) inflation sits at 3.3%.
Fuel price inflation can take time to unwind, meaning price pressures may remain elevated even if broader economic conditions begin to stabilise. As the RBA navigates this more complex environment, staying informed about interest rate movements and what they mean for your financial position is increasingly important.
Whether you’re considering purchasing a home, refinancing to review your loan structure, or exploring investment opportunities, now is a timely opportunity to review your current lending arrangements and future plans. We are here to help 02 9600 8600

Wishing all of our clients and their families a wonderful, safe and happy Easter.We will be closed Good Friday and Easte...
01/04/2026

Wishing all of our clients and their families a wonderful, safe and happy Easter.
We will be closed Good Friday and Easter Monday

Akumin advice live conference gala dinner
19/03/2026

Akumin advice live conference gala dinner

As widely predicted, the Reserve Bank of Australia (RBA) has increased the cash rate by 0.25% at today's meeting. The cu...
03/02/2026

As widely predicted, the Reserve Bank of Australia (RBA) has increased the cash rate by 0.25% at today's meeting. The current cash rate now sits at 3.85%.
This month’s decision reflects the RBA’s commitment to restoring price stability, with the latest data indicating:
• Headline (annual) inflation has risen to 3.8% in the 12 months to December 2025 and remains above the RBA's 2%-3% target range.
• Underlying (trimmed mean) inflation sits at 3.3%, the RBA's preferred underlying measure, helping highlight that broad-based inflation pressures remain.
The cash rate increase aims to ease ongoing price pressures and anchor inflation expectations, while allowing the RBA to carefully monitor how tighter financial conditions affect household spending.
Today's decision highlights the value of staying up to date with economic shifts and what they may mean for your finances.
Whether you're weighing up a home purchase, refinancing to improve your loan terms, or exploring an investment property, this could be the right moment to reassess your plans.
Call us on 02 9600 8600 to discuss

Good morning, all,We’re so excited to share the news – we’re officially back and ready to welcome you! After our Christm...
18/01/2026

Good morning, all,
We’re so excited to share the news – we’re officially back and ready to welcome you! After our Christmas Break, our doors are open, our team is refreshed, and we can’t wait to see you again.
Call us on 02 9600 8600

Let’s all wish the boss a very happy birthday for today. 🍾🥂🎂 not only is he a great financial planner but seems like he...
05/01/2026

Let’s all wish the boss a very happy birthday for today. 🍾🥂🎂 not only is he a great financial planner but seems like he is not too bad a fishing either. 🎣 Troy Furze

From all of us at Virtus Financial Services we wish you and your families a very merry Christmas and a safe and happy Ne...
22/12/2025

From all of us at Virtus Financial Services we wish you and your families a very merry Christmas and a safe and happy New Year. May 2026 bring you all good health and happiness.
Our office will be closed from 3pm Tuesday 23/12/25 and will reopen on Monday 19/01/2026

Big shout out to the Boss for completing his Graduate Diploma of Financial Planning.Let's all congratulate him on a wond...
23/09/2025

Big shout out to the Boss for completing his Graduate Diploma of Financial Planning.
Let's all congratulate him on a wonderful achievement 💯🏆🎓
Troy Furze

08/07/2025

RBA defies predictions, holds rates

The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 3.85% at today's meeting.

While some market watchers, including those at the big four banks, expected a cut, the RBA's decision reflects a balance of key economic factors - both supportive and cautionary.

On the one hand, inflation has continued to ease, with trimmed mean inflation for the March 2025 quarter sitting at 2.7% and within the RBA's 2-3% target range. However, this is being weighed against signs of resilience in the broader economy:

• Unemployment remains steady at 4.1%, indicating that labour demand is still strong.
• Wages growth has ticked up, reaching 3.4% suggesting ongoing pressure on inflation from the demand side.
• An already strong housing market could be influenced by further rate cuts, driving house prices even higher.

The RBA has made it clear that it will continue to monitor inflation, employment and global conditions closely before making any further moves.
Today's decision underscores the importance of staying informed about economic developments and their potential impact on your finances.
Whether you're considering buying a new home, refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be a good time to review your financial strategy.
If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.
02 9600 8600

The super changes coming into effect in the 2025-26 financial yearAustralian superannuation laws are set to change once ...
08/07/2025

The super changes coming into effect in the 2025-26 financial year
Australian superannuation laws are set to change once again in the 2025-26 financial year as the nation’s fast-growing retirement savings system continues to evolve.

Below is a summary of the changes that will come into effect from 1 July, 2025, as well as looming legislative changes.

Increased super guarantee (SG)
Millions of working Australians will receive a welcome superannuation boost from the start of July when the mandatory superannuation guarantee (SG) rate rises by 0.5% to 12%.

The SG is the percentage of your ordinary time earnings (in addition to wages) that is paid into your super fund account by your employer.

The 2025-26 rise marks the end of a series of five 0.5% SG rate increases since the start of the 2021-22 financial year, when the SG rate was lifted from 9.5% to 10%.

Higher transfer balance cap
Individuals starting a pension for the first time on or after 1 July 2025 will be entitled to a personal transfer balance cap (TBC) of $2 million, which will be increased by $100,000 from the current level of $1.9 million.

The TBC is the maximum amount that an individual can transfer from their superannuation accumulation account into a tax-free pension account on their retirement. Any amount over the TBC must be retained in an accumulation account, where any contributions and investment earnings are still taxed at 15%.

Keep in mind that investment earnings within the pension account can increase the account balance above the $2 million transfer balance cap without any penalty.

Call us today if you would like more information on the changes
02 9600 8600

30/05/2025

Tax-deductible super contributions

Whether you’re employed, self-employed, unemployed or retired, you might be eligible to claim a tax deduction on your after-tax super contributions.

After-tax super contributions are voluntary payments made into your super and don’t include compulsory superannuation guarantee or salary sacrifice contributions.

How do I make a tax-deductible super contribution?
There are various ways to make an after-tax super contribution, including using money from your salary, savings, or the proceeds from an asset sale. When you contribute these funds to your super, you can claim a tax deduction on the amount when you do your annual tax return.

What are some of the benefits?
Putting money into super and claiming it as a tax deduction may be beneficial if you receive extra income that would otherwise attract personal income tax (as this is often higher).
Similarly, if you’ve sold an asset subject to capital gains tax, you may contribute some or all of that money and claim it as a deduction. This could reduce or even eliminate the capital gains tax owed.

What do I need to do to claim a tax deduction on a super contribution?
While you can contribute any amount, concessional contributions are capped at $30,000 per financial year. In some cases, you can make catch-up concessional contributions (the carry-forward rule), but it’s important to check because if you exceed the cap, additional tax may apply.
The next step is to lodge a notice of intent form with your super fund, which will acknowledge receipt in writing
Importantly, you shouldn’t make any withdrawals, rollovers or transfers to pension before your notice of intent form has been lodged, as this may reduce or invalidate the tax deduction.

Call us today to discuss 02 9600 8600

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Suite 2, 127 Castlereagh Street
Liverpool, NSW
2170

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