The BFG Report – Spring 2020

Welcome to the 2020 Spring Edition of the BFG Report Redundancy: a taxing time In the current economic environment, the prospect of redundancy can become an unexpected reality or an unsettling concern for many.  Redundancy can occur for any number of reasons. You may decide to leave your employer by accepting a voluntary redundancy, or…

The BFG Report – Winter 2020

Welcome to the 2020 Winter Edition of the BFG Report Tax Records for Property While most people are up to date with Tax Records for investment properties the same cannot be said with confidence for other properties including, own homes, holiday homes and vacant land. Which Properties Require Tax Records? Where the property was purchased…

BFG Report – Coronavirus March 2020

BFG Report – Coronavirus March 2020 With our core mission being “assisting clients to make smart decisions about their wealth” your portfolio structure has assumptions that risks, like share prices falling, will occur. We set up your portfolio with other investments like cash (including term deposits) to help reduce the impact of this risk on…

The BFG Report – Autumn 2020

Welcome to the 2020 Autumn Edition of the BFG Report Top Tips When Preparing Your Will Preparing a Will can be complicated, especially if you have a complex family or asset structure. Here are some tips to consider when writing a Will. Make a List of Your Assets and Beneficiaries Your Will should include a…

The BFG Report – Summer 2019

Welcome to the 2019 Summer Edition of the BFG Report Downsizer Contributions to Super Since 1 July 2018, if you’re age 65 or over and sell your home, you can now contribute up to $300,000 into your super even if you’re currently restricted by other super rules. This is especially beneficial if you have retired…

The BFG Report – Spring 2019

Welcome to the 2019 Spring Edition of the BFG Report Claiming a deduction on personal super contributions Since 1 July 2017, employees, as well as the self-employed, can claim a tax deduction on personal super contributions. If you are aged between 65 and 74 you can make a contribution to super but you need to…

The BFG Report – Winter 2019

Welcome to the 2019 Winter Edition of the BFG Report Super Dependants If you have a superannuation fund, you’ve probably been asked to nominate your beneficiary. But, super fund trustees  can only pay your super death benefit to eligible dependants or to the legal personal representative (LPR) of your estate. If you haven’t elected a…

The BFG Report – Autumn 2019

Welcome to the 2019 Autumn Edition of the BFG Report What To Look Out For In 2019? As we look towards the next Federal election and beyond, it’s important to understand both the existing Government and the opposition party’s proposed policies relating to superannuation and tax. In relation to some policies, both parties agree on…

The BFG Report – Summer 2018

Welcome to the 2018 Summer Edition of the BFG Report The Rising Cost of Cyber Crime  Last year, more than six million consumers fell victim to identity theft, credit card fraud or had their passwords compromised. This cost the Australian economy more than $2.3 billion, and, at an individual level, cost each victim an average…

The BFG Report – Spring 2018

Welcome to the 2018 Spring Edition of the BFG Report The Power of An Attorney  A power of attorney is a legal document that allows you to nominate someone you trust to make financial decisions on your behalf if you are unable to do so.  A popular misconception is that a person’s partner can make…