Windmill Financial Planning

Windmill Financial Planning Working with you to achieve financial freedom

15/07/2026

A written loan agreement is strongly recommended, even between family members.

It can clearly show that the money is a loan rather than a gift and record the amount, repayment terms, interest arrangements and what happens if circumstances change.

Clear documentation may also become important if your daughter later separates from a partner, experiences financial difficulties or if the arrangement affects your Centrelink position.

For a significant amount, consider speaking with a solicitor before transferring the money.

Read the full answer on our website via the link in our bio, or click here:

https://windmillfp.com.au/q-a-qa-ask-a-question/

General information only. Legal and financial advice should be considered before entering into a family loan arrangement.

14/07/2026

Yes. The Home Equity Access Scheme is a federal government option that allows eligible Australians of Age Pension age to access some of the equity in their home without selling it.

It generally offers a lower interest rate than commercial reverse mortgages, while commercial products may provide access to larger amounts and more flexible payment options.

The right option depends on how much you need, how you want to receive it and how the interest may affect your home equity over time.

Read the full answer on our website via the link in our bio, or click here:

https://windmillfp.com.au/q-a-qa-ask-a-question/

General information only. Eligibility requirements, fees and conditions may apply.

Thinking about retirement and wondering how to draw on your super?As you get closer to retirement, it is important to un...
30/06/2026

Thinking about retirement and wondering how to draw on your super?

As you get closer to retirement, it is important to understand the different ways you may be able to use your super savings.

Some options include setting up an account based pension, purchasing an annuity, taking a lump sum, or using a combination depending on your circumstances.

The right approach will depend on your income needs, lifestyle goals, Age Pension eligibility and how much flexibility you want in retirement.

Link in bio to read the full blog or click here:
https://windmillfp.com.au/im-close-to-retirement-age-what-are-my-options-for-drawing-on-my-super-savings/

Payday Super starts from 1 July 2026, and SMSFs need to be ready for the change.One important check is whether your elec...
29/06/2026

Payday Super starts from 1 July 2026, and SMSFs need to be ready for the change.

One important check is whether your electronic service address provider will continue to support the updated SuperStream standards, so your SMSF can keep receiving employer contributions on time.

For SMSFs, the contribution allocation timeframe remains up to 28 calendar days after the end of the month in which the contribution is received.

Link in bio to read the full blog or click here:
https://windmillfp.com.au/payday-super-regulations-further-details-for-smsfs/

Investing can feel overwhelming but it doesn’t have to be. 📈Whether you’re just starting out or looking to get more inte...
23/06/2026

Investing can feel overwhelming but it doesn’t have to be. 📈

Whether you’re just starting out or looking to get more intentional with your money, these 7 simple steps can help you take the first step onto the investment ladder with confidence.

From setting clear goals to diversifying your assets, the full guide is now live on our blog. Read more via the link in bio or here: https://windmillfp.com.au/7-simple-steps-to-get-on-the-investment-ladder/ 🔗

Most people think a financial planner just manages your investments.But a great financial planner looks at the full pict...
16/06/2026

Most people think a financial planner just manages your investments.
But a great financial planner looks at the full picture. 👇

We recently sat down with a new client who had built their wealth almost entirely through property. Smart strategy but when we walked through the hidden costs, liabilities and risks attached, it was a real eye-opener.

Because a well-rounded wealth plan isn’t just about what you own. It’s about understanding how every asset you hold works for you.

Property has its place. But so does:
💰 Term deposits for income certainty
📈 Equities for tax efficiency, income & growth
🔒 Bonds for long-term security

And that’s just the investments side. A Windmill financial planner covers so much more than that. ☝️

Is your current plan looking at the full picture?

💾 Save this post or share it with someone who needs to see it.

Wondering what your full financial picture looks like? Chat with us today.

We celebrated our baby bear Wylie’s 🐻‍❄️ 4th birthday at Flamingo Beach Club 🎂🌴 Who can believe our baby is 4!? Four yea...
27/05/2026

We celebrated our baby bear Wylie’s 🐻‍❄️ 4th birthday at Flamingo Beach Club 🎂🌴

Who can believe our baby is 4!? Four years of love, laughs and chaos with this one! And if that wasn’t enough excitement, we are also obsessed with Eva, our new puppy we rescued 🐶💕 Best kind of celebration. Happy 4th birthday Wylie, we love you so much! 🎉

Q: I'm about to go on parental leave. I've heard the government now pays super on Paid Parental Leave, how does that wor...
21/05/2026

Q: I'm about to go on parental leave. I've heard the government now pays super on Paid Parental Leave, how does that work?

A: From 1 July 2025, parents of children born or adopted on or after that date are entitled to receive a superannuation contribution on their government funded Parental Leave Pay. The ATO pays the equivalent of 12 per cent of your Parental Leave Pay directly into your nominated super fund as a lump sum after the end of the financial year in which you received the payments.

For a parent taking the full 24 weeks of leave at the current daily rate of $189.62, based on the national minimum wage, this works out to roughly $2,700 in super, plus a small interest component to account for the delay in payment. The ATO pays the contribution after the end of the financial year in which Parental Leave Pay was received, so the first payments will flow from July 2026 onward. If you share leave with another parent, a contribution is paid to each person's fund based on their share of the payments.

It's important to be aware that this contribution is taxed at 15 per cent in your super fund and counts towards your concessional contributions cap of $30,000. If you're also receiving employer super contributions or making salary sacrifice contributions in the same year, you'll want to keep an eye on total concessional contributions to avoid exceeding the cap. Your adviser can help you factor this into your broader contribution planning, especially during a period when your income and work arrangements may be changing.

Visit our blog for more or click the link in our bio 🔗 windmillfp.com.au/qa-ask-a-question/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Regularly reviewing your retirement goals keeps your finances aligned, adapts to life changes, and builds confidence tow...
18/05/2026

Regularly reviewing your retirement goals keeps your finances aligned, adapts to life changes, and builds confidence toward long-term financial freedom. Getting ready for a few meetings online and in person. Always ready.

Q: I work part time and my income isn't very high. Is there anything the government offers to help boost my super?A: Yes...
18/05/2026

Q: I work part time and my income isn't very high. Is there anything the government offers to help boost my super?

A: Yes, the government co contribution is specifically designed for lower income earners. If your total income is $62,488 or less for the 2025–26 financial year and you make a personal after tax contribution to your super, the government will match it at 50 cents per dollar, up to a maximum of $500. To receive the full $500, your income needs to be at or below $47,488 and you need to contribute at least $1,000 from your own after tax money. The co contribution phases out progressively between those two thresholds.

You don't need to apply. If you lodge a tax return and your fund has your tax file number, the ATO works out your eligibility automatically and pays it directly into your super account. To qualify, you must earn at least 10 per cent of your total income from employment or business, be under 71 at the end of the financial year, and have a total super balance below $2 million.

For someone on a modest income, a guaranteed 50 per cent return on a $1,000 contribution is difficult to match with any other investment.
Visit our blog for more or click the link in our bio 🔗 windmillfp.com.au/qa-ask-a-question/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

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