Advice Loop

Here's a simple guide to calculating Capital Gains Tax (CGT):

1. **Find Your Cost Base:** Add up what you paid for the asset and any buying costs.
2. **Work Out the Sale Proceeds:** This is the amount you sold the asset for.
3. **Subtract the Cost Base from the Sale Proceeds:** This gives you your capital gain.
4. **Apply Any Discounts:** If you owned the asset for more than 12 months, you might get a 50% discount.

The final amount is your taxable capital gain, which is added to your annual income tax. Always check with a financial advisor to make sure you're doing it right.

Is It Worth Paying for a Financial Advisor?

Is It Worth Paying for a Financial Advisor When it comes to managing your finances, you may wonder whether hiring a financial advisor is worth the cost.

Do I Need a Financial Advisor or an Accountant?

Do I Need a Financial Advisor or an Accountant? Financial advisors and accountants play distinct roles, and understanding these can help you determine which one you need.

Seeking a stable and consistent approach to building wealth? Index investing could be the solution you've been looking for.

By aligning with market benchmarks such as the ASX 200, you leverage the strength of market averages to drive growth and stability in your investment portfolio.

Embrace diversification, steer clear of market timing pitfalls, and set the stage for long-term financial success. 📈💼

Considerations When Retiring Overseas as an Australian

Considerations When Retiring Overseas as an Australian Retiring overseas is an attractive option for many Australians, but it must be carefully planned to ensure that there are no mistakes.

How Buying Caravans, Boats, and Other Lifestyle Assets Can Affect Your Income
in Retirement

How Buying Caravans & Boats Affects Your Income in Retirement Understanding how these purchases can impact your retirement income is important, especially regarding the Australian pension rules.

How expensive is the Mornington Peninsula?

Everyone knows that the Mornington Peninsula is not a cheap place to live, let alone buy property. But how does it stack up to the rest of Melbourne?

Surprisingly, most of the Mornington Peninsula is more affordable than Melbourne's inner and beach-side suburbs.

Melbourne's leafy suburbs, such as Camberwell and Kew, are almost double the price of houses in high-end Mornington Peninsula suburbs such as Blairgowrie and Mount Martha.

On the more affordable end, you'll have to go as far out as Noble Park or Sunshine West to find somewhere as cheap as Rosebud or Capel Sound.

Although the Peninsula is indeed expensive, it is certainly not the most expensive area and locals can rest assured that there are plenty of affordable places still left.

Why Gen Z Can Benefit from Financial Advice

Why Gen Z Can Benefit from Financial Advice As a Gen Z individual, you have the unique advantage of time when it comes to financial planning. The sooner you start, the better.

Teaching Kids About Money - The Most Important Steps

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Achieving Financial Goals as a Couple - The Essential Steps

Achieving Financial Goals as a Couple Achieving your financial goals as a couple is an immensely rewarding thing. Make it so that money is no longer life's limiting factor.

How to Talk About Money with Your Partner

How to Talk About Money with Your Partner Talking about money with your partner shouldn't be a difficult conversation - take some of our tips to help you discuss it with your partner

Dreaming of retiring on the Mornington Peninsula? Here are some top towns to consider:

🏖 McCrae: Enjoy coastal charm and convenience with scenic foreshores and local amenities.

🍇 Red Hill: Unwind amidst lush vineyards and panoramic views in this tranquil hinterland haven.

⛵ Mornington: Dive into a bustling hub of arts, shopping, and dining on the Peninsula's heart.

🌴 Sorrento: Indulge in beachside luxury with upscale boutiques and pristine beaches.

🌳 Mount Martha: Experience natural beauty and connectivity with stunning coastal views and easy access to Melbourne.

🏝 Blairgowrie: Escape to a quiet beachside community known for its relaxed atmosphere and strong sense of community.

🏞 Somers: Discover a hidden gem nestled between bushland reserves and secluded beaches.

🌊 Flinders: Embrace old-world charm and seaside serenity on the rugged coastline of Bass Strait.

🏡 Retiring on the Mornington Peninsula offers a relaxed coastal lifestyle surrounded by natural beauty and endless recreational opportunities. Get in touch with us to ensure you're on track to live your best retirement life! 🌴🏠

The Benefits of Financial Planning for Australians

The Benefits of Financial Planning for Australians The Benefits of Financial Planning are clear. The vast majority of Aussies with an advisor report an increased sense of wellbeing.

Guide to Financial Planning for Mornington Peninsula Residents - The Advice
Process

Guide to Financial Planning - Mornington Financial Advice Many people often assume that financial advisors just tell you where to invest your money, but that is only the tip of the advice iceberg

Budgeting Tips for Families on the Mornington Peninsula

Budgeting Tips for Families on the Mornington Peninsula Living on the Mornington Peninsula offers a fantastic lifestyle, but it can also come with a higher cost of living compared to other regions.

🏡 Wondering what a mortgage broker can do for you? Here are some key benefits:

Expert Guidance: Mortgage brokers are experts in the home loan market. They can provide personalized advice based on your financial situation and goals.

Access to Multiple Lenders: Instead of dealing with just one bank, mortgage brokers have access to a wide range of lenders and loan products. They can help you find the best deal tailored to your needs.

Save Time and Effort: Let the broker handle the paperwork and negotiations on your behalf. This frees up your time and reduces the stress of navigating the mortgage process alone.

Negotiate Better Terms: With their industry knowledge and negotiating skills, mortgage brokers can often secure better interest rates and loan terms than if you were to approach lenders directly.

Support Every Step of the Way: From pre-approval to settlement, your mortgage broker will guide you through the entire home loan process, ensuring a smooth and seamless experience.

Ready to take the next step towards homeownership? Contact us today to learn how our experienced mortgage brokers can help you find the perfect loan for your dream home! 🏠💼

Index Investing for Australians: A Blueprint for Stability and Growth

Index Investing for Australians Instead of attempting to beat the market, index investors aim to match the performance of a specific market index

Superannuation, or super, is your retirement savings plan. Here's what you need to know:

What is Super?
Super is money set aside for your retirement, usually contributed by your employer and sometimes by you.

How Does it Work?
Your employer pays a percentage of your earnings into your super fund, which invests the money for your retirement.

Types of Funds
There are different types of super funds, like industry, retail, and self-managed funds. Choose one that suits your needs.

Choosing a Fund
Consider fees, investment options, and insurance offered by different funds. Consolidate multiple accounts to save on fees.

Contributions and Tax Benefits
You can make additional contributions to your super, which may offer tax benefits like deductions or government co-contributions.

Accessing Your Super
You can access your super when you retire or under certain conditions, like severe financial hardship.

Understanding super basics is key to securing your financial future. For personalized advice, consult a financial advisor.

Coastal Charms: Exploring Beachside Towns on the Mornington Peninsula

Beachside Towns on the Mornington Peninsula The Mornington Peninsula boasts a wealth of picturesque coastal towns, each offering its own unique charm and character.

Buying Commercial Property on the Mornington Peninsula

Buying Commercial Property on the Mornington Peninsula Mornington Peninsula's commercial property market is thriving, thanks to its desirable location and vibrant economy.

Entering your 30s is pivotal for your financial journey. Here are five essential money habits:

Budgeting: Track expenses and create a budget to manage finances effectively.

Emergency Fund: Save three to six months' expenses for unexpected costs.

Debt Repayment: Prioritise paying off high-interest debt to avoid accumulating interest charges.

Investing: Start investing for long-term goals like retirement or homeownership.

Insurance and Estate Planning: Ensure adequate insurance coverage and create an estate plan.

Establishing these habits sets a solid foundation for financial success in your 30s and beyond.

Are you aware of the significant impact that fees can have on your superannuation savings? Even seemingly small fees can compound over time, leading to substantial reductions in your retirement nest egg.

Consider this: Let's say you have a super balance of $100,000 and you're charged either an annual fee of 1.5% or 0.5%. Over 30 years, assuming an average annual return of 7%, the 1.5% fee option will eat away an extra $180,000 of your potential returns. That's money that could have been growing in your retirement fund!

To ensure that you're not sacrificing your hard-earned money to high fees, it's crucial to seek professional financial advice. An experienced advisor can help you identify lower-cost superannuation options and develop a strategy to minimise fees while maximizing your retirement savings.

Don't let fees chip away at your retirement dreams. Take control of your superannuation today and secure a brighter financial future!

Exploring the Best Small Towns on the Mornington Peninsula

Exploring the Best Small Towns on the Mornington Peninsula Nestled amidst the stunning landscapes of the Mornington Peninsula are several picturesque villages offering a calm lifestyle.

Exploring Retirement Villages on the Mornington Peninsula

Retirement Villages on the Mornington Peninsula There are many Retirement Villages on the Mornington Peninsula that suit all different types of people, here are just a few to consider.

Mornington Peninsula Shire Proposes New Housing Initiative to Tackle Crisis

Private Schools on the Mornington Peninsula Mornington Peninsula is a region renowned for its quality private schools and as a fantastic place to raise a family.

Exploring Private Schools on the Mornington Peninsula: A Brief Overview

Private Schools on the Mornington Peninsula Mornington Peninsula is a region renowned for its quality private schools and as a fantastic place to raise a family.

Financial Planning for Mornington Peninsula Business Owners

Financial Planning for Mornington Peninsula Business Owners Personalised financial planning strategies tailored specifically for small business owners in the Mornington Peninsula

Indexes, such as the ASX200, represent a collection of stocks that mirror the performance of a specific market segment. In the case of the ASX200, it encompasses the 200 largest companies listed on the Australian Securities Exchange (ASX) based on market capitalization (number of shares * price per share).

So, why does the ASX200 matter? It serves as a benchmark for the broader Australian stock market, offering investors insight into how the country's largest publicly traded companies are faring.

Understanding indexes is essential for investors as they provide valuable insights into market trends, allow for performance comparisons, and aid in making informed investment decisions.

Interested to explore more about how indexes, like the ASX200, influence your investment strategy? Reach out to one of our financial advisors today.

Retiring on the Mornington Peninsula - What You Need to Know

Retiring on the Mornington Peninsula - What You Need to Know Retiring on the Mornington Peninsula marks a significant milestone, representing years of hard work and dedication to live in paradise.