Monthly Archives: June 2012

Flawed financial advice laws rushed through the Senate

The Future of Financial Advice (FOFA) reforms, originally proposed by the government on 26 April 2010, were made law last week. The reforms take effect from 1 July 2012 but there will be a one year transition period before all financial planners must abide by them (i.e. from 1 July 2013). Furthermore, the reforms were […]

Posted in Financial Advice, News Blog | Comments closed

The importance of anti-detriment payments from super

Whether a superannuation fund will make an anti-detriment payment (ADP) or not is seldom considered when weighing up the pros and cons of a given fund. But it should be. It is not compulsory for a super fund to make an ADP, which is payable upon death. Some funds will make an ADP only if […]

Posted in News Blog, Superannuation | Comments closed

Tax time…10 end-of-year tips

It’s tax time again and there are a number of strategies you can consider to reduce your tax liability for 2011/12 and boost your tax refund. 1. Prepay your Private Health Insurance The Government recently announced it would be restricting eligibility for the 30% private health insurance rebate from 1 July 2012. As a result, […]

Posted in News Blog, Tax | Comments closed

How to boost your super balance and save tax

For most people, superannuation will become a key asset in planning for retirement and achieving financial security. The reason for this is twofold: 1) Employer contributions into super are usually compulsory and as such, the power of compounding returns over your working life results in a significant pool of funds upon retirement, and 2) Superannuation […]

Posted in News Blog, Superannuation | Comments closed
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    Financial Planning Expert is an independent financial planning business based in Melbourne. We provide genuinely independent and conflict free financial advice. We’re experts in self-managed superannuation fund (SMSFs) advice and strategy, retirement planning, property and share investment advice, life and income protection insurance, tax planning, asset protection, estate planning and advice for Australian expatriates.