By WSC Group | Created on May 11, 2022
you’re sitting around the table with your friends and family at your weekly Saturday barbeque when someone starts to talk about how well their investment portfolio is doing or how they’re this close to putting down the deposit on their first home.
By WSC Group | Created on May 11, 2022
The time has come: you’re ready to begin growing your wealth and now you have to decide whether you should invest in a concrete asset like property or embrace the flexibility of shares.
By Matt Pack, Director of Financial Planning | Created on May 10, 2022
This month we are delighted to introduce our new team member, Emily Atherton, who has joined us as our Client Service Officer.
By Matt Pack, Director of Financial Planning | Created on April 7, 2022
This month we are pleased to announce that WSC Group Private Wealth has been honoured again in the annual Merit Wealth awards.
By WSC Group | Created on March 15, 2022
Breaking the rent cycle and saving enough to purchase a home of their very own is a financial goal on the agenda of many everyday Australians. But with housing prices steadily increasing across Australia’s major cities, achieving that dream can begin to feel impossible.
By WSC Group | Created on March 15, 2022
When it comes to the world of Centrelink payments, it can be hard to know what the best practice is for ensuring you’re still on track to achieving financial success while making sure you’re meeting all of your obligations.
By Matt Pack, Director of Financial Planning | Created on March 4, 2022
We’ve only just started 2022 and yet the month of February has already provided a year's worth of events in its own right.
By Jessica Beck, Associate Advisor, WSC Group Financial Planning | Created on March 1, 2022
When it comes to retirement, women’s superannuation-savings are still less than men. But, why is this the case?
By WSCAdmin | Created on February 1, 2022
Merit Wealth Monthly Market Update
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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..
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).
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.
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.
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.
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.
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.
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.
By WSC Group | Created on February 10, 2020
Income protection insurance is a core financial product used in the development of many financial plans.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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”.
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.
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.
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.
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. **
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.
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.
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,
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).
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.
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).
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.
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.
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,
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:
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,
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.
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.
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.
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?
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.
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
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”.
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.