At its meeting today the Reserve Bank Board announced interest rates would remain unchanged at the record low level of 2.5%. The last rate cut took place in August 2013. In their statement, the Board said “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent... Read more
Do 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
Choices for end-of-life medical treatment. This is an uncomfortable topic, but nonetheless important for you and your loved ones to consider. We are all living longer, and the wonders of medicine are ever increasing. But at some point, we will find ourselves moving towards the end of our life. A “living will” or advance care directive enables you to state... Read more
Money Magazine recently asked Edney Ryan Wealth Management’s Brendon Vade to contribute to their magazine. Believe it or not, 20-30 year olds should be thinking about superannuation and their retirement planning. Read Brendon’s tips in the October issue of Money Magazine.
It is becoming increasingly popular to borrow to invest in real estate through a self-managed super fund. There are many clients for whom this strategy is beneficial, as long as the financial plan addresses the limitations of this approach. Understand the restrictions: You’ll need to be very well read or well advised to ensure that you follow the strict rules... Read more
Executing a Will Can Be Personally Taxing If you have been named as an Executor in a Will, following a person’s death there are legal procedures that must be followed. This is a serious task with considerable responsibility, and you can be held personally liable for incorrect administration of the estate. In almost all cases, consulting with a lawyer would... Read more
NEW Pocket Tax Guide Our handy booklet containing the most commonly used tax rates and superannuation information is now available. Submit your postal address and we’ll post one out to you.
A new scam is being reported. A phishing email claiming to be from the ATO is currently circulating. The email claims that the recipient is entitled to a tax refund and states they should click the embedded link and complete the online form. Do not click on the link in the email as it opens a fake webpage that will... Read more
Edney Ryan proudly supported the Sydney World Press Photo Event: Portraits of Mercy Ships Patients. Mercy Ships exists to address the critical shortage of health care services in the developing world. More than 10,000 free surgeries and other transformational health care services are performed for some of the poorest people on earth each year by Mercy Ships. Consider supporting this... Read more
If you earn less than $48,516 per year (before tax) and make after-tax super contributions, you are eligible to get matching contributions from the government. The amount of the co-contribution reduces the more you earn over $33,516. To work-out how much co-contribution you are eligible for, try MoneySmart’s Calculator.