Disability Insurance Policies for Professionals
Written by Raghu Vattam, CFP, Edney Ryan Wealth ManagementWhat is TPD Insurance? Total and Permanent Disability insurance pays out a lump sum in the event that you suffer a serious and significant disability that prevents you from ever working again. The leading causes of claims for TPD insurance are cancer and musculoskeletal conditions. There are two options for TPD cover; own occupation or any occupation. Own occupation cover... Read more
Are you super ready for the year end?
Written by David Heyworth - Director, Edney Ryan Wealth ManagementThis year is already racing by. But before we get to the end of another financial year, take some time to think about how well you have looked after your superannuation savings this year. Australians have saved over $1.5 trillion in superannuation. That’s a lot of zeros. So how much belongs to you and are you saving enough to pay... Read more
Federal Budget 2014
Written by Stephen Ryan, Director - Edney Ryan Chartered AccountantsThis update comes to you the morning after Joe Hockey delivered the Abbott Government’s first Federal Budget. By last night most of the headline issues had been telegraphed in leaks to the media over recent days. Here is a link to the detailed budget bulletin released by the Institute of Chartered Accountants and running for 56 pages. Here I highlight... Read more
Don’t Waste Your “Career-Years”
Written by Brendon Vade, Financial Planner - Edney Ryan Wealth ManagementYounger is better Financial advice is not just for baby boomers on the verge of retirement. If you are career oriented, in your 30’s or 40’s and have high hopes for yourself financially, then you would benefit from talking to a financial adviser. It’s not just about superannuation Superannuation is important, but for you it is also 20 years or... Read more
Reducing a CGT Bill: Do you choose tax or charity?
Written by Brendon Vade, Financial Planner - Edney Ryan Wealth ManagementDo you have a Capital Gains Tax issue? Most commonly, a significant capital gain arises if you sell a high value investment property, or your business is acquired, sold or floated. If you don’t have any capital losses to offset your gain it can be disheartening to hand over hundreds of thousands of dollars to the tax man. Consider a... Read more
Changes to Dormant Accounts: From 7 Years Down To 3
Written by Tricia Williams, Manager - Edney Ryan Mortgage & FinanceUnder recent changes to the law, deposits can be deemed unclaimed (dormant accounts) if a transaction has not been made on an account for three years or more, down from seven years previously. Unclaimed funds are paid by banking institutions to ASIC, then the money is transferred to the Commonwealth of Australia Consolidated Revenue Fund. You can reclaim your money from... Read more
Professionals at Risk of Being Sued: Protect Your Home
Written by Angela Boyd, Senior Associate - Edney Ryan LegalMost couples who purchase a home together, traditionally would buy the home as joint tenants. This means that if one person dies, their interest in the property automatically moves to the surviving spouse. However, as professional negligence lawsuits have become commonplace, particularly against doctors, vets, accountants and even solicitors, professionals would be wise to consider purchasing their home as tenants-in-common.... Read more