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Market Update - Returning to More Normal

By WSCAdmin | Created on November 16, 2021

Autumn is here, and not a moment too soon after a prolonged heatwave over summer.Autumn is here, and not a moment too soon after a prolonged heatwave over summer.

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How to set up your Director ID

By WSC Private Wealth | Created on November 10, 2021

Directors are now required to register for a unique identification number that they will keep for life.

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Divorce, Superannuation and the Gender Divide

By WSC Private Wealth | Created on November 3, 2021

The recently enacted laws are designed to ensure that there is procedural and economic fairness in divorce proceedings to prevent the under-reporting of superannuation assets.

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What would happen if…. An insight into Estate Planning

By WSC Private Wealth | Created on November 3, 2021

Life does not always go to plan. While we logically know that, most of us don’t plan for the worst - it’s all a bit morbid and time consuming.

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Federal Budget 2021-22 Analysis

By WSC Private Wealth | Created on July 9, 2021

In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia's economic recovery maintains its momentum.

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Bonds, inflation and your investments

By WSC Private Wealth | Created on July 9, 2021

The recent sharp rise in bond rates may not be a big topic of conversation around the Sunday barbecue, but it has set pulses racing on financial markets amid talk of inflation and what that might mean for investors.

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Is an SMSF right for you?

By WSC Private Wealth | Created on February 2, 2021

As anyone who has joined the weekend crowd at Bunnings knows, Australians love DIY. And that same can-do spirit helps explain why 1.1 million Aussies choose to take control of their retirement savings with a self-managed superannuation fund (SMSF).

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2020 Year in Review

By WSC Private Wealth | Created on February 2, 2021

Just as we were recovering from the long drought and the worst bushfires on record, the global coronavirus pandemic took hold and changed everything.

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spending decisions

'Tis the season for wise spending decisions

By WSCAdmin | Created on December 18, 2020

The traditional festive holiday season is likely to be a little different this year, but one thing is likely to remain the same – the temptation to spend and the post-Christmas budget hangover.

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us elections 2020 investors

What the US election means for investors

By WSCAdmin | Created on December 18, 2020

Democrat Joe Biden is pressing ahead with preparations to take the reins as the next President of the United States. Despite legal challenges and recounts, the early signs are that markets are responding positively.

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holidays at home

Holidays at home, in our very own backyard

By WSCAdmin | Created on December 18, 2020

For many Aussies with the travel itch, the COVID-19 pandemic put an end to flying to far-off destinations or even venturing beyond your own city or state. While we may be grounded for some time, fortunately you can still enjoy novel and fun adventures closer to home.

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summer 2020

Summer 2020

By WSCAdmin | Created on December 18, 2020

December and summer are finally here, along with a renewed sense of optimism that strict lockdown measures will ease by Christmas. It’s been a tough year, but once again Australians have proved extremely resilient. We wish all our clients and their families a relaxed and happy Christmas.

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Inflation, deflation - what's in a name?

By WSC Group | Created on September 12, 2020

When the inflation rate fell into negative territory in the June quarter, it was so unusual it begged the question of what this means for the economy. Are we facing deflation or even stagflation and what is the difference?

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Spring 2020

By WSC Group | Created on September 12, 2020

It’s September and spring is finally here. This is always a wonderful time to get out in the garden or in nature, on foot or on your bike, even if travel restrictions mean we need to stay closer to home this year.

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Getting retirement plans back on track

By WSC Group | Created on September 12, 2020

After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.

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Time to break up with bad habits?

By WSC Group | Created on September 12, 2020

We all have bad habits, and they can be many and varied. They can be as big as poor time management which can impact your productivity, or as small as nail biting which drives your loved ones crazy! You might self-sabotage, such as tucking into that tub of ice-cream even if you’ve vowed to eat better or checking your phone during face- to-face conversations which can cause hurt feelings.

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Winter 2020.

By WSC Group | Created on July 13, 2020

Winter is here and we have now started another financial year. What a year FY2020 was! With so many Australians impacted by fires, floods, drought and now COVID-19, let’s hope the new financial year sees a return to something like normality.

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Maintaining your mental health through the pandemic.

By WSC Group | Created on July 13, 2020

The COVID-19 pandemic has shifted our day-to-day lives in a dramatic way. One of the biggest changes to come from this period, was a transition to working from home for many people.

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How COVID-19 changes tax time.

By WSC Group | Created on July 13, 2020

FY2020 will be viewed as a year like no other. COVID-19 (coronavirus) has impacted everybody’s life, albeit in different ways for different people..

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Timing the Economic Reboot.

By WSC Group | Created on July 13, 2020

After successfully navigating our initial response to the COVID-19 (coronavirus) health crisis, backed up with $285 billion in government support to individuals and businesses to keep the economy ticking over, thoughts are turning to how to get the economy back on its feet.

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Hatching your nest egg early

By WSC Group | Created on March 13, 2020

The summer bushfires have touched the lives of all Australians. For individuals who lost homes, businesses or livelihoods, the financial hardship lingers, prompting many to ask whether they can dip into their super to tide them over.

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Autumn 2020

By WSC Group | Created on March 13, 2020

After an unprecedented summer of bushfires, we hope that Autumn brings cooler temperatures and soaking rain for all those who have been affected.

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Hold on... bumpy markets ahead

By WSC Group | Created on March 13, 2020

After period of optimism, global investment markets have hit the panic button on fears about the possible economic impact of the coronavirus (COVID-19).

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Women and money Seize the day!

By WSC Group | Created on March 13, 2020

As the world celebrates International Women’s Day and all that women have achieved, it’s a good opportunity to take stock.

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Fasea the financial adviser standards and ethics authority

By WSC Group | Created on February 10, 2020

FASEA is a new government body established under the Corporations Act in 2017 to set the education, training and ethical standards of licensed financial advisers in Australia.

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FEBRUARY 2020 MESSAGE FROM MATT PACK, DIRECTOR FINANCIAL PLANNING

By WSC Group | Created on February 10, 2020

2020 is now well underway. In the first 6 weeks of the year we have seen investment markets assess the assassination of the Iranian General Qassem Soleimani by the US military, Iran firing ballistic missiles at two US military bases in Iraq following the assassination, and the onset of the Coronavirus, where the severity of the virus and impacts on trade will likely determine the market’s reaction.

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EXTRA TIME FOR SUPER CONTRIBUTIONS FOR NEW RETIREES

By WSC Group | Created on February 10, 2020

A new superannuation contributions opportunity has been opened from 1 July 2019 for individuals aged between 65 and 67 in their first financial year after retirement.

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The hunt for dividend income in 2020

By WSC Group | Created on February 10, 2020

Income from all the usual sources, such as term deposits and other fixed interest investments, have slowed to trickle. Which is why many investors are turning to Australian shares for their reliable dividend income and relatively high dividend yields.

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BIG CHANGES IN THE INSURANCE WORLD

By WSC Group | Created on February 10, 2020

Income protection insurance is a core financial product used in the development of many financial plans.

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RISING PRICES, RISING RISKS

By WSC Group | Created on February 10, 2020

Investing requires optimism. Those who invest do so because they believe that the price of their assets will grow and be worth more in the future than they are now.

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12 tips for Christmas

By WSC Group | Created on December 4, 2019

If five golden rings and a whole menagerie of birds sounds like it might blow the budget this year, then perhaps the classic carol needs a rewrite.

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The changing nature of debt

By WSC Group | Created on December 4, 2019

Australians delight in their nation punching above its weight. But there’s little to celebrate in being the world’s silver medallists – we’re a nose behind the Swiss – when it comes to household debt.

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Summer 2019

By WSC Group | Created on December 3, 2019

December is here which marks the official start to summer. Unfortunately, the bush fire season is already underway.

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Our retirement system: great, but room for improvement

By WSC Group | Created on December 3, 2019

You could be forgiven for thinking Australia’s superannuation system is a mess. Depending who you talk to, fees are too high, super funds lack transparency and Governments of all political persuasions should stop tinkering.

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STEERING THROUGH CHOPPY SEAS

By WSC Group | Created on November 25, 2019

Like it or not, we live in interesting times. More than a decade after the Global Financial Crisis, the global economy is facing fresh headwinds creating uncertainty for policy makers and investors alike.

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BUILDING WEALTH IN DIVERSITY

By WSC Group | Created on October 24, 2019

Towards the end of 2018, shares were in the doldrums and while experts agreed the Aussie dollar would go lower most tipped the next move in interest rates would be up.

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Spring 2019

By WSC Group | Created on September 25, 2019

Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks.

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How super is your life insurance?

By WSC Group | Created on September 25, 2019

For most people, life insurance provides a safety net against unexpected events. This is particularly the case if you have a mortgage, debts or family who are dependent on you earning an income.

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Changing the narrative to achieve success

By WSC Group | Created on September 25, 2019

As children, we are surrounded by stories. The books our parents read to us, the cartoons we watch, the imaginary games we play. As adults we might like to think that story time is over. But it isn’t.

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Pensions to rise as deeming rates fall

By WSC Group | Created on September 25, 2019

It’s been a long time coming, but up to 630,000 retirees could soon enjoy a small but welcome increase in their Age Pension payments following a cut in deeming rates used for the pension income test.

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Paving the way for a smooth EOFY

By WSC Group | Created on June 19, 2019

As the end of the financial year draws closer, thoughts turn to tax. No doubt you can think of more enjoyable ways to spend your time than preparing for your annual tax return.

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Keeping up with the Joneses

By WSC Group | Created on June 19, 2019

These days, the phenomenon of keeping up with the Joneses is more pervasive than ever. The constant bombardment of images from advertisers, as well as our friends and family via social media is making Australians feel pressured to maintain a certain lifestyle, often to the detriment of their long-term financial goals.

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Election 2019, A vote for continuity in an uncertain world

By WSC Group | Created on June 18, 2019

The Liberal/National Party Coalition has been returned to government, as Australians chose continuity over change and cautious economic management over Labor’s ambitious reform agenda.

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Winter 2019

By WSC Group | Created on June 18, 2019

The end of the election uncertainty and the investor-friendly policies of the Coalition produced a relief rally on financial markets. The Australian dollar bounced back above US69c on Monday after falling to three-year lows the day before the election, while local shares surged to an 11-year high on Monday before losing some of their gains the following day.

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Navigating love and money

By WSCAdmin | Created on March 14, 2019

Money makes the world go around. But when it comes to relationships, it can sometimes stop them in their tracks.

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Making the most of a windfall

By WSCAdmin | Created on March 14, 2019

Who among us hasn’t daydreamed about receiving a windfall? In reality, people receive large sums of money in the form of inheritances, redundancy payouts and lottery wins all the time.

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Autumn 2019

By WSCAdmin | Created on March 14, 2019

After one of the hottest summers on record, many Australians will welcome Autumn and the opportunity to be more active outdoors and perhaps get busy in the garden.

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Don't short-change your medium-term goals

By WSCAdmin | Created on March 14, 2019

When it comes to setting financial priorities, medium-term goals often suffer from middle child syndrome, not taken as seriously as the oldest or indulged as much as the youngest.

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How to keep ahead of the yield curve

By WSCAdmin | Created on March 14, 2019

US Interest rates have been making headlines in recent months, but do they really matter to Australian investors? The short answer is they do, a lot.

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Can you afford your dream retirement?

By WSC Group | Created on December 6, 2018

Planning your dream retirement can be an exciting time. The chance to travel overseas or around Australia without having to rush back to work, time to pursue new hobbies, learn a language or spend time with the grandkids.

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Summer 2018

By WSC Group | Created on December 6, 2018

December is upon us and summer has arrived with bushfires in Queensland and flooding rains in NSW. Our best wishes go out to all those affected as well as our brave emergency services workers. And to all our clients, we wish you a safe and happy holiday season.

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Avoiding the holiday debt hangover

By WSC Group | Created on December 6, 2018

We’re coming up to the festive season and for all its fun and frivolity, it’s also a time when we loosen the purse strings to accommodate the excess.

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Protecting your family

By WSC Group | Created on December 6, 2018

The holidays are traditionally a time to relax and reflect on the importance of family. They are also an opportune moment to think about how you can care for and protect your family all year round.

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GFC 10 Years On: Time and Patience

By WSC Group | Created on November 13, 2018

In Leo Tolstoy’s great novel ‘War and Peace’, a Russian general charged with defeating Napoleon and expelling the French from Russian soil argued against rushing into battle, saying the strongest of all warriors were “time and patience”.

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BENEFITS OF A SUPER LONG ENGAGEMENT

By WSC Group | Created on November 12, 2018

Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age.

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HOUSE PRICES OFF THE BOIL

By WSC Group | Created on November 12, 2018

The Australian housing market appears to have reached a turning point, with prices falling 2.2 per cent since peaking in September 2017. This is welcome news for first home buyers; not so much for sellers and investors.

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Young invincibles – the importance of insurance

By WSC Group | Created on September 11, 2018

When you are young, healthy and just starting your working life the last thing on your mind is life insurance. In your 20s and 30s your financial focus is more likely to be on saving for a car, holidays, a home or the birth of a child. But failing to protect the lifestyle you are creating could have a devastating financial effect. When you are young, healthy and just starting your working life the last thing on your mind is life insurance. In your 20s and 30s your financial focus is more likely to be on saving for a car, holidays, a home or the birth of a child. But failing to protect the lifestyle you are creating could have a devastating financial effect. 

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SPRING 2018

By WSC Group | Created on September 11, 2018

September is upon us and spring is in the air. Our farmers and firefighters will be hoping for some soaking rain to ease the drought and ward off bushfires. Meanwhile, AFL and NRL fans will be hoping the sun shines on their team this finals season.September is upon us and spring is in the air. Our farmers and firefighters will be hoping for some soaking rain to ease the drought and ward off bushfires. Meanwhile, AFL and NRL fans will be hoping the sun shines on their team this finals season.

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Plugging in to technology stocks

By WSC Group | Created on September 11, 2018

On August 2, Apple became the world’s first company to reach US$1 trillion in market value. It took 42 years to get there from humble beginnings in an LA garage, but a handful of younger technology companies collectively known as the FANGs – Facebook, Amazon, Netflix and Google - are already nipping at its heels. On August 2, Apple became the world’s first company to reach US$1 trillion in market value. It took 42 years to get there from humble beginnings in an LA garage, but a handful of younger technology companies collectively known as the FANGs – Facebook, Amazon, Netflix and Google - are already nipping at its heels. 

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Lessons from the ‘rich list’

By WSC Group | Created on September 11, 2018

Most people who are intent on building their personal and business finances know there is no quick road to wealth. While some people dream about their lucky numbers finally being called, others are making every day count. 
**Most people who are intent on building their personal and business finances know there is no quick road to wealth. While some people dream about their lucky numbers finally being called, others are making every day count. 
**

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Suburban scammers pushing illegal early access to super

By WSC Group | Created on August 8, 2018

The ATO has become aware of people in some suburban areas of major cities attempting to encourage others to illegally access their super early (generally for a fee) to help them to purchase a car,

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Cents per Km Deduction Rate for Car Expenses from 1 July 2018

By WSC Group | Created on August 8, 2018

The Commissioner of Taxation has determined that the rate at which work-related car expense deductions may be calculated using the cents per kilometre method is 68 cents per kilometre for the income year commencing 1 July 2018 (up from 66 cents per kilometre).

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Transacting with cryptocurrency

By WSC Group | Created on August 8, 2018

Any capital gains made on the disposal of a cryptocurrency (including using the cryptocurrency or converting it to Australian dollars) may be taxed, although certain capital gains or losses from disposing of a cryptocurrency that is a 'personal use asset' are disregarded.

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ATO guide to the 5 most common Tax Time mistakes

By WSC Group | Created on August 7, 2018

As Tax Time 2018 has 'kicked off', the ATO has profiled the five most common mistakes they see, including taxpayers who are:

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Single Touch Payroll Update

By WSC Group | Created on August 7, 2018

The ATO is writing to employers who started reporting through STP before 1 July 2018, providing them with information about how their employees' payment summary for 2017/18 may change with STP,

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Are you holding back your business?

By WSC Group | Created on August 7, 2018

Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks.

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Will Australians pay more for a good cause?

By WSC Group | Created on August 7, 2018

In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products,

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Clothing deductions hung out to dry

By WSC Group | Created on August 7, 2018

The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns.

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Further company tax cuts deferred (for now . . .)

By WSC Group | Created on August 7, 2018

The Government has decided not to put the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 to a vote in the Senate ... for the present point in time (it had already passed the House of Representatives without amendment).

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Helping you find your financial path

By WSC Group | Created on July 19, 2018

When it comes to personal finances and ways to build your wealth it seems that everyone has an opinion - and a preferred pathway for wealth accrual.

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Winter 2018

By WSC Group | Created on July 19, 2018

Australia’s national economic agenda in May was dominated by the Federal Budget and the promise of tax cuts.Australia’s national economic agenda in May was dominated by the Federal Budget and the promise of tax cuts.

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Budget changes support a brighter retirement

By WSC Group | Created on July 19, 2018

With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise.

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It's time to talk about debt

By WSC Group | Created on April 12, 2018

Australia’s household debt is among the highest in the world and rising, thanks largely to worsening housing affordability and plentiful consumer credit. So how do we measure up and should we be worried?

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Weighing up the value of life insurance

By WSCAdmin | Created on March 14, 2018

It probably comes as no surprise to anyone that there is a significant underinsurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance.It probably comes as no surprise to anyone that there is a significant underinsurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance.

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Home and away with super

By WSCAdmin | Created on March 14, 2018

Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1Australians buying their first home or downsizing in retirement are about to receive a helping hand thanks to new superannuation rules which come into effect on July 1

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How Blockchain is already changing your world

By WSCAdmin | Created on March 14, 2018

Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.

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March 2018

By WSCAdmin | Created on March 14, 2018

Autumn is here, and not a moment too soon after a prolonged heatwave over summer.Autumn is here, and not a moment too soon after a prolonged heatwave over summer.

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