Opulen Financial Solutions Pty Ltd

Federal Budget 2024 Highlights

***$157,500 tax deduction***

If you haven't made any contributions to your super in the past few years you may be eligible to contribute up to $157,500 before this 30 June and claim it as a full tax deduction. This strategy can be particularly useful in reducing capital gains tax if you have sold an asset like an investment property.

Yesterday we attended the Adelaide launch of the Salvos’ Red Shield Appeal in support of people in our community who are struggling with hardship, homelessness, domestic violence natural disasters, addiction and mental illness.

If you wish to support this great cause please use the link below.

https://www.salvationarmy.org.au/donate/make-a-donation/donate-online/

A warm welcome to Lucy Simeone who has joined our team as Client Services Manager.

Lucy brings over 30 years of financial services experience to our team.

Lucy’s key focus is to ensure the efficient and accurate implementation of our clients’ financial plans and to provide high level service and support.

The cost of living continues to increase. The average retired Australian couple now need around $72,000 per year to live comfortably.

Are you a member of Super SA? We can provide expert advice and smart strategies to maximise your super.

A great turn out last night for our Client Christmas Drinks. An enjoyable and relaxed evening to thank our client community for their support and friendship.

Today we presented to over 100 Adelaide business owners about how we help clients to achieve their retirement planning goals. Thanks to our clients Julie Turner and Nicole Swaine for their glowing testimonials about their recent experience with us.

This year's Federal Budget covers a range of measures including cost of living relief, higher welfare payments and more support for small business and housing.

We love helping clients with their retirement plans but we can’t work miracles. It’s best to start planning for your retirement at least 5-10 years out. This gives you the best chance of achieving your retirement goals.

Many Australians have a lot of money tied up in a big home they don’t necessarily need. By downsizing your home you can unlock idle funds that can be used to boost your retirement income.

Tax free income. This is why superannuation as a retirement savings vehicle is so compelling.

Federal Budget 2022 Highlights

We don’t recall a Federal Budget in recent history with less to say about superannuation. Some positive measures are listed below.

Proud to support Nadia’s journey into the premier league. All the best Nadia for the rest of season, go Oakies!!

SAY HI JULY 👋

Nadia Kovacevic sponsored by Opulen Financial Solutions Pty Ltd

Don’t waste a good opportunity!
From 1 July 2022 the age limit to contribute to super is rising from 67 to 74. Investing in super means more TAX FREE returns for your retirement.

Do you want to increase your tax refund?

Key points from last night’s Federal Budget

Global investment update from our friends at Magellan Asset Management.

Has the Covid-19 pandemic disrupted your plans? Even the best conceived plans will experience hurdles or roadblocks. The key is to stay positive, stay focussed on the big picture and find a different path.

Steve, Jerry & the team at Opulen Financial Solutions would like to wish you and your family a happy and safe holiday season and best wishes for every success in the new year.

Our office will be closed from Wednesday 22nd December 2021 to Monday 10th January 2022.

If you need to urgently contact us over the holiday period please email [email protected] or call (08) 8267 5011 and leave a message.

According to the latest Retirement Standard from the Association of Superannuation Funds Australia, a comfortable retirement in Australia now costs a couple $63,352 per annum.

What income would you need for a comfortable retirement?

Everyone’s needs are different but our expert retirement planning advice will ensure your super and investment strategies are set up to maximise your retirement income.

*table courtesy of the The Advertiser 24/8/21

Boost your spouse’s super and get up to $540 back in tax.

Increase your tax refund and boost your super at the same time.

Federal Budget Highlights

Along with the expected increased assistance to small business, child care, social security and aged care our clients will benefit from:

- Ability to put more into superannuation which ultimately puts more money in retirees pockets in the form of reduced income tax

- Home downsizers will be able to use the left over proceeds to contribute to their super from the age of 60 (previously 65)

- More money in your pocket through tax cuts to low and middle income earners

If you want to know more about how the new measures could benefit you then give us a call.