Superannuation – It’s Never Too Late to Take Control
Written by Kate O'Brien, Director - Edney Ryan Wealth ManagementDespite almost 30 years of compulsory super contributions in Australia, reports show women are retiring with 40 percent less superannuation than men. Currently, the average superannuation balance for a man (aged 60 to 64) is $270,710. For a woman of the same age it’s $157,050 – a difference of $113,660. There are several reasons for this. Women Take More Time... Read more
Ensure Your Say in Your Estate with a Valid Will
Written by Andrew O'Donnell, Director - Edney Ryan LegalWhat do Amy Winehouse, Abraham Lincoln, Barry White, and Bob Marley have in common? They all died intestate; meaning they died without leaving a valid Will. A Will is a legal document that sets out how you want your assets to be distributed when you die. It allows you to make your own choices about your estate and gives... Read more
Family Provisions: Who Can Make a Claim on an Estate?
Written by Andrew O'Donnell, Director - Edney Ryan LegalBy Andrew O’Donnell, Director – Edney Ryan Legal In the era of longer life expectancy, marriage, divorce, de-facto relationships and blended families, it is important to be aware of the law around family provisions from estates, both for Willmakers and potential applicants. A Family Provision claim is a legal application by an eligible person for a share (or larger share) of... Read more
Sydney & Melbourne Property Prices: Are We Headed for a Crash?
Written by Kate O'Brien, Director - Edney Ryan Wealth ManagementBy Kate O’Brien, Director – Edney Ryan Wealth Management Australian dwelling values slipped 0.1 per cent lower in May, according to the latest CoreLogic housing market update. The fall marked the eighth consecutive month-on-month fall and took the annual change (-0.4%) into decline for the first time since October 2012. CoreLogic Head of Research, Tim Lawless, said the biggest declines... Read more
Kate O’Brien Wins Hillross Adviser of the Year 2017
Written by Stephen Ryan, Managing Director - Edney Ryan Chartered AccountantsI am delighted to announce that Kate O’Brien has been named Hillross Adviser of the Year for 2017. This national award recognises the adviser who has demonstrated the highest level of professionalism and excellence through client service, advice delivery and implementation. Importantly, client advocacy, undertaken by the Beddoes Institute’s Client Experience Survey was an important part of the judging process, and we thank our... Read more
Informal Wills: A Risky Way to Express Your Testamentary Wishes
Written by Andrew O'Donnell - Director, Edney Ryan LegalA legally binding Will must be written on paper and signed by the testator in the presence of two witnesses. These requirements are designed to prevent fraud, undue influence, substitution or mistake, given that the person who creates the document is not available to be questioned when the Will is being executed. However, there are some exceptions, and Courts can... Read more
How Digital Disruption and Automation Will Change Our Future
Written by Kate O'Brien - Director, Edney Ryan Wealth ManagementWe recently enjoyed an insightful session with Dom Guiliano – Deputy Chief Investment Officer at Magellan Asset Management, a specialist investment management business based in Sydney managing global equities and global listed infrastructure strategies. Here we share some of Dom’s key points from his presentation. As prudent investors, we cannot ignore the technological developments that are almost certain to provide... Read more
Overcapitalising: The Risk of Spending Too Much on Improvements
Written by Tricia Williams - Manager, Edney Ryan Mortgage & FinanceBy Tricia Williams, Manager – Edney Ryan Mortgage & Finance Renovating your home or investment property can be a wonderful way to make it more appealing to buyers and increase its overall value. However, there’s a fine line between spending money to make your property more appealing and overcapitalising on your renovations. In this article, we look at overcapitalising.... Read more
Each year we compile current tax rates and key superannuation data in our handy quick reference guide. You can request a hard copy by phoning (02) 9908 9888, email marketing@edneyryan.com.au or view the booklet online here.
Foreign Residents – CGT Withholding Tax Changes
Written by Angela Boyd - Senior Associate, Edney Ryan LegalThis existing withholding tax assists the collection of foreign residents’ Australian tax liabilities. Where a foreign resident sells certain taxable Australian property, the purchaser is required to withhold an amount from the purchase price and pay that amount to the ATO (see our previous article on this topic). Australian residents selling real property will need to obtain a clearance certificate from... Read more