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Have you ever thought about your life once you retire? What are some must-knows about retirement planning?

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Plan your retirement today and get ahead to enjoy your life’s sunset in comfort.

Profile Financial Services, your dedicated and trustworthy finance advisor. An esteemed team of professionals guiding you and ensuring that you reap the best of all your investments!

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Have you heard of the FIRE method for retirement? Often touted as "THE" ideal way to achieve financial independence and an early retirement, our article will break this philosophy down for you. Read this informative piece and discover:

1️⃣ The two main components of FIRE;
2️⃣ The 7 key principles of FIRE; and
3️⃣ Whether it is truly suitable for everyone.

Uncover the truth behind the fire today!

https://bit.ly/46sxJZ2

Welcome to the penultimate article of our special series Decoding Financial Success for Business Owners. Today we take a comprehensive look into how to choose the right structure for your business, as well as how to plan your exit when the time is right. View this article to discover:

1️⃣ The 4 main business structures and their features;
2️⃣ How your business structure may determine your growth;
3️⃣ The importance of a succession plan; and
4️⃣ The relationship between your exit strategy and business structure.

Don't wait any longer to plan your tomorrow, start today with this enlightening article!

https://bit.ly/4coxBwc

Today we continue our in-depth look into Decoding Financial Success for Business Owners and discuss two of the most critical elements of financial planning for business owners: cash flow and tax management. Dive into these important topics and explore:

1️⃣ Why a healthy cash flow is the lifeblood of your business;
2️⃣ Tips for consistent cash flow;
3️⃣ What proactive tax planning looks like; plus
4️⃣ Key tax concessions.

Discover how you may be able to optimise your cash flow and tax management with this insightful article today!

https://bit.ly/3VoxKJ0

Welcome to part two of our special five-part series, which delves into the 10 factors you need to consider, as a business owner, when planning your financial future. In the initial part we discussed superannuation and diversification, today we turn to risk management and funding options which can help support the growth of your business. Immerse yourself in this insightful instalment where you will explore:

➡️ Risk management strategies that can protect you and your business against unexpected events that may jeopardise your business and overall financial wellbeing;
➡️ The various types of risk management available such as life insurance, TPD insurance, trauma insurance and income protection insurance;
➡️ The importance of selecting the right funding option for your business;
➡️ The funding options available including venture capital, angel investing, accelerators and much more.

Don’t wait, dive into part 2 of Decoding Financial Success today!

https://bit.ly/4duvA2R

Establishing a business can be an exciting and exhilarating experience. However did you know that over 60% of small businesses face financial challenges from poor management, bad wealth management advice, overwhelming debts and more? That's why obtaining the right guidance and ensuring the financial success of your business is vital.

In our special series "Decoding Financial Success for Business Owners" you will discover the ten factors you need to consider when planning for your financial health now and in the future. Don't wait, read part one today where we explore:

1️⃣ Superannuation; and
2️⃣ Diversification, before you dive into the other 8 factors that may determine your future financial success.

https://bit.ly/3yaAuC8

Want to better understand how the Federal Budget may impact your personal and professional financial situation? Interested in exploring how to better navigate these uncertain financial times? Then don’t wait!

Join us for a FREE WEBINAR in which we’ll explore how this year’s Federal Budget may affect you and discuss:

➡️ How the upcoming tax changes may impact you;
➡️ How the budget may affect investment markets;
➡️ Potential strategies that may help you leverage the Budget to your advantage;
➡️ Plus, how to mitigate any possible risks from the changes announced.

With only a few days remaining to save your spot for this limited opportunity, the time to register is now. Don’t miss this opportunity to gain valuable insights that will help your financial future, today.

Simply message us here to receive your secure registration link!

The government is working to finalise the Eighth Community Pharmacy Agreement, supported by up to an additional $3 billion in funding, which will deliver cheaper medicines.

As part of the agreement, instead of rising with inflation, there will be a one-year freeze on the maximum Pharmaceutical Benefits Scheme (PBS) patient co-payment for everyone with a Medicare card and a five-year freeze for pensioners and other concession cardholders.

Around six out of ten prescriptions on the PBS are issued to pensioners and other concession cardholders.

This change means that no pensioner or concession card holder will pay more than $7.70 (plus any applicable manufacturer premiums) for up to five years, even as the aged pension and social security payments rise in line with inflation.

As the chart shows, more than $1 in every $7 was allocated to health in the Budget.

The government is cutting the student debt of more than 3 million people and eliminating about $3 billion in student debt.

The government will cap the HELP indexation rate to be the lower of either the consumer price index (CPI) or the wage price index (WPI), with effect from 1 June 2023. This relief will apply to all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other student support loan accounts that existed on 1 June 2023.

This will benefit all Australians with a HELP debt, fixing the issue of last year’s spike in the CPI indexation rate of 7.1% and preventing growth in debt from outpacing wages in the future. The 2023 indexation rate based on WPI would have been only 3.2%.

An individual with an average HELP debt of $26,500 will see around $1,200 wiped from their outstanding HELP loans this year.

The chart shows how much money was allocated to education in the Budget.

Join us for an exclusive FREE webinar that will help you navigate this year’s Financial Budget and explore how it may affect you. Register today to discover:

➡️ How the upcoming tax changes may impact you;
➡️ How the budget may affect investment markets;
➡️ Potential strategies that may help you leverage the Budget to your advantage;
➡️ Plus, how to mitigate any possible risks from the changes announced.

Don’t miss the chance to gain valuable insights and stay ahead in uncertain financial times.

Register today as spots are limited! Whether you’re a business owner, retiree or simply interested in understanding the economic landscape, this webinar is for you!

Simply message us here to receive your secure registration link!

Transport infrastructure was a major focus of the Budget, with $16.5 billion allocated over 10 years. That includes:

🔵 $3.3 billion for the North East Link (Vic)
🔵 $1.7 billion for Metronet (WA)
🔵 $1.2 billion for the Direct Sunshine Coast Rail Line (Qld)
🔵 $500 million for upgrading Mamre Road in Western Sydney (NSW)
🔵 $237.6 million for priority new projects along the Stuart, Victoria and Barkley Corridor (NT)
🔵 $120 million for upgrading the Mount Barker and Verdun Interchanges (SA)
🔵 $80 million for upgrading the Lyell Highway between Granton and New Norfolk (Tas)
🔵 $50 million for planning Stage 2B of the Canberra Light Rail (ACT)

Projects are designed to improve productivity, liveability and sustainability.

From 1 July 2024, all households will see a $300 credit automatically applied to their electricity bills and around one million small businesses will receive $325 off their bills over 2024–25.

The credits will be applied in quarterly instalments.

The government is providing $3.5 billion for this relief, which extends and expands the energy bill relief rolled out to households and small businesses in 2023–24.

Based on estimates of 2024–25 standing offers, the Commonwealth’s energy bill relief means that nationally household bills will be 17% lower on average compared to the previous year.

Compared to the government’s 2022 Energy Bill Relief Fund (EBRF), this new power bill relief doubles the number of eligible households from five million to more than 10 million.

The impact the EBRF has had on power prices can be seen in the graph.

The instant asset write-off scheme for small businesses has been extended for another 12 months at a cost of $290 million.

Businesses with an annual turnover of less than $10 million can continue to immediately deduct the full cost of eligible assets under $20,000, as long as they are first used or installed by the end of 30 June 2025.

This scheme applies to multiple assets, which means you can use it multiple times, as long as each asset is valued under $20,000.

Additionally, the Budget has allocated $25.3 million to improve payment times to small businesses.

The Budget has earmarked $1.1 billion to cover superannuation contributions for individuals on government-funded Paid Parental Leave.

This will be effective for parents of children born or adopted after 1 July 2025. Payments will begin flowing into parents’ super funds annually, starting 1 July 2026.

The government’s objective is to reduce the toll that taking career breaks for childcare typically has on superannuation balances.

Expected to help 180,000 families annually, this initiative will hopefully provide a cushion against the long-term effects on parents’ retirement savings.

The government is targeting $65 billion in investment by 2030 for renewable energy under the Capacity Investment Scheme. This aims to make the country a clean energy leader and potentially save you money on energy bills.

Also, through initiatives like integrating consumer energy resources and implementing the New Vehicle Efficiency Standard, the government is hoping to save $95 billion in fuel costs by 2050.

The Budget prioritises job creation by establishing the $1.7 billion Future made in Australia Innovation Fund and extending funding for the Australian Renewable Energy Agency. Additionally, incentives like the Hydrogen Production Tax Incentive aim to commercialise hydrogen projects faster.

A further $32.2 million will fast-track the Guarantee of Origin scheme for low-emission products, while $399 million will establish the Net Zero Economy Authority to drive investment towards achieving net zero emissions by 2050.

The Budget's key cost-of-living measures include the previously announced changes to the stage 3 tax cuts. This will benefit 13.6 million Australian taxpayers with an average reduction of $1,888 a year, or $36 a week.

From 1 July 2024, every household will receive a $300 electricity bill rebate, and 1 million small businesses will get a $325 rebate. The government will also increase the Commonwealth Rent Assistance payment by 10%, effective from 20 September 2024, building on last year's 15% increase.

These measures combined are expected to lower headline inflation by about 0.5 percentage points in 2024-25 without increasing broader inflationary pressures.

Medicine costs will drop due to a $3 billion agreement with community pharmacies, freezing the PBS patient co-payment for one year for Medicare cardholders and five years for pensioners and concession cardholders.

The Budget has allocated $22.7 billion for the 'Future Made in Australia' plan over the next 10 years. This includes:

🔵 $13.7 billion in tax incentives for hydrogen and critical minerals from 2027-28;
🔵 $3.2 billion over the next decade for net-zero technologies through the Australian Renewable Energy Agency;
🔵 $1.7 billion for a Future Made in Australia Innovation Fund for green metals, batteries, and low-carbon fuels;
🔵 $1.5 billion to strengthen battery and solar panel supply chains; and
🔵 $1.3 billion for the Hydrogen Headstart program to support early investments.

The plan will follow a new National Interest Framework – established under a Future Made in Australia Act – to align economic incentives with national interests. The framework will have two streams: 'net zero transformation' and 'economic security and resilience.' It will guide government decisions on major public investments.

The Budget projects a $9.3 billion surplus for this financial year, following a $22.1 billion surplus in 2022-23. This marks the first back-to-back surpluses in almost two decades.

The government plans to return 96% of revenue upgrades to the Budget in 2023-24 while inflation remains above the Reserve Bank of Australia’s target band of 2-3%.

Cost of living measures like the energy bill relief and Commonwealth Rent Assistance are expected to reduce headline inflation by 0.5 percentage points in 2024-25, potentially bringing inflation within the 2-3% target band by the end of this year.

However, projected deficits are expected in the coming years due to “unavoidable spending” on essential services and infrastructure.

Risks to the Budget include global economic uncertainties, such as tensions in the Middle East and Ukraine, high inflation, and challenges in the Chinese economy, potentially leading to prolonged below-average global growth.

Welcome to part two of our special five-part series, which delves into the 10 factors you need to consider, as a business owner, when planning your financial future. In the initial part we discussed superannuation and diversification, today we turn to risk management and funding options which can help support the growth of your business. Immerse yourself in this insightful instalment where you will explore:

➡️ Risk management strategies that can protect you and your business against unexpected events that may jeopardise your business and overall financial wellbeing;
➡️ The various types of risk management available such as life insurance, TPD insurance, trauma insurance and income protection insurance;
➡️ The importance of selecting the right funding option for your business;
➡️ The funding options available including venture capital, angel investing, accelerators and much more.

Don’t wait, dive into part 2 of Decoding Financial Success for Business today!

https://bit.ly/4duvA2R

Establishing a business can be an exciting and exhilarating experience. However did you know that over 60% of small businesses face financial challenges from poor management, bad wealth management advice, overwhelming debts and more? That's why obtaining the right guidance and ensuring the financial success of your business is vital.

In our special series "Decoding Financial Success for Business Owners" you will discover the ten factors you need to consider when planning for your financial health now and in the future. Don't wait, read part one today where we explore:

1️⃣ Superannuation; and
2️⃣ Diversification, before you dive into the other 8 factors that may determine your future financial success.

https://bit.ly/3yaAuC8

Understanding how to utilise a family trust in estate planning can help you protect your legacy, ensure your assets are distributed in accordance with your wishes and last but not least, provide for your loved ones after you are gone.

Discover the eight essential steps you need to take to harness the power of a family trust, including:

1️⃣ How to select your trusts and beneficiaries;
2️⃣ What assets to transfer to the trust;
3️⃣ The importance of tax planning strategies, plus more.

Read this insightful article today and discover the 8 things you need to do to protect your legacy and loved ones.

https://bit.ly/3QR0wAT

Often the words "family trusts" emerge when people discuss tools to safeguard wealth and secure the interests of loved ones. However, what exactly are trusts and how do they work? Read this insightful article and explore the world of trusts where you will discover:

1️⃣ The definition of a family trust;
2️⃣ The key players;
3️⃣ The 5 main benefits of family trusts; and
4️⃣ The 3 factors to consider before establishing a family trust and more!

Click through today to learn more about how a family trust can help you prepare and protect you, your loved ones and your futures.

https://bit.ly/4dsbg2e

"At the going down of the sun and in the morning, we shall remember them. Lest we forget."

Choosing the right retirement location is a crucial decision that can significantly impact your quality of life. View our latest article and dive into 5 important factors you need to consider when choosing your retirement location, including:

1️⃣ Healthcare Accessibility;
2️⃣ Your Network; and
3️⃣ The Importance of When.

Don't leave such an important decision to chance, read this article today so you can better prepare today, for your tomorrow.

https://bit.ly/46Ovwrb

Join our team member Phillip Win on this insightful podcast by Entrepreneurs' Organisation Sydney where he chats about his three-month career hiatus and discover:

🔹 How he prepared for his three-month sabbatical;
🔹 The valuable insights gained during his break; and
🔹 The incredible transformation it brought to his life.

Simply click through below to select your streaming platform and listen to this inspiring conversation today:

Taking a break from business: A sabbatical experience | Profile Financial Services Join Phillip Win as he discusses how he planned and achieved what many business owners dream of, an inspiring three-month hiatus from his career.

Are you an IT professional looking to make your money work smarter for you? Look no further! Dive into our success story article featuring John, an IT professional and discover how he transformed his financial future with the guidance of our team who helped him:

1️⃣ Assess his options;
2️⃣ Craft a strategic plan; and
3️⃣ Achieve his desired balance.

View this client story today and uncover the power of financial guidance:

https://bit.ly/3xw4B6o

Are you determined to achieve a comfortable and stress-free retirement? Dive into our latest article "The 25% retirement rule you need to know" and discover the simple yet effective strategy that can help you create the financial future you deserve. Click through and uncover:

1️⃣ What it is;
2️⃣ Why it works; and
3️⃣ What it means for you.

If you're serious about embracing a worry-free retirement, simply click through to this article now.

https://bit.ly/47GKEXi

Are you on the path to a comfortable and worry-free retirement, or are you unknowingly making mistakes that could jeopardise your financial future? In this insightful article, we delve into the "Four Biggest Retirement Mistakes" that can significantly impact your future, which include:

1️⃣ Not having a clear and defined vision of your ideal retirement;
2️⃣ Not building a substantial asset base; and
3️⃣ Understanding the relationship between saving now versus spending in the future.

Don't let common retirement retirement mistakes derail your plans for the future, read this important article today.

https://bit.ly/40yyo9f