Paula Saruda, Author at Jennings Financial Services

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So far Paula Saruda has created 4 blog entries.

A Comprehensive Guide to Retirement Planning in Australia for 2024

An article by Nicole Comendador outlines essential superannuation updates, tax implications, and investment strategies, emphasizing the importance of proactive financial planning for a secure retirement. A Comprehensive Guide to Retirement Planning in Australia for 2024 By Nicole Comendador Retirement planning is a crucial aspect of financial well-being, especially in a country like Australia, where the landscape of superannuation and retirement benefits is continually evolving. As we approach 2024, Australians need to stay informed about the latest changes in laws and adopt effective financial strategies to ensure a comfortable retirement. This guide provides an overview of the essential components of retirement planning in Australia, highlighting recent legal changes and offering strategies for the upcoming year. Understanding superannuation changes Superannuation remains the cornerstone of retirement planning in Australia. Recent changes to superannuation laws aim to enhance the retirement savings of Australians by making the system more efficient and beneficial for individuals. Key changes for 2024: - Contribution caps: Keep an eye [...]

By Paula Saruda|2024-07-15T15:02:04+10:00July 15th, 2024|estate planning, Retirement|0 Comments

Fundamentals to estate planning

An article from Property Update provides clients with several key insights to help them understand and manage their estate planning effectively. Fundamentals to Estate Planning By Ken Raiss March 23, 2023 Planning your estate is an important matter. Estate planning involves arranging your assets and circumstances in such a way as to ensure that your beneficiaries after your death receive from your assets, maximum use and enjoyment at a minimum cost in taxes and heartache. In other words, estate planning should be an efficient and effective intergenerational wealth transfer solution that provides for your required lifestyle and enjoyment ambitions while you are alive. Before delving deeper into this topic with your legal advisor, it is important to understand the basic fundamentals. Note: The main issue to understand is that you will only look at your estate assets which will be managed through your will, and not your non-estate assets which are outside of your will. It is also important to understand [...]

By Paula Saruda|2024-07-15T12:09:12+10:00June 24th, 2024|estate planning, financial planning, legal advice, wealth management|0 Comments

The Ultimate Superannuation Checklist

BY LIAM SHORTE Republished from first/inks.com.au Yet again we have only a short time left to the end of the financial year to put our SMSF or other super funds in order and ensure we are making the most of the strategies available to us. Here is a checklist of the most important issues that you should address with your advisers before the year-end. Warning before we begin In the rush to take advantage of new strategies, don't forget how good you may have it already. Be careful not to allow your accountant, administrator or financial planner to reset any pension that has been grandfathered under the pension deeming rules that came in on 1 January 2015 with out updated advice on the future consequences of losing the grandfathering. Point them to this document. It's all about timing If you are making a contribution, the funds must hit the super fund's bank account by the close of business [...]

By Paula Saruda|2024-05-17T15:07:30+10:00May 17th, 2024|investment strategy, Retirement|0 Comments

Superannuation Insights: 5 Lessons Learned

An article from The Conversation by Susan Thorp provides valuable insights and advice related to superannuation, benefiting our clients by helping them make informed decisions about their finances. After a lifetime studying superannuation, here are 5 things I wish I knew earlier. Published: January 29, 2024 6.03am AEDT Susan Thorp Professor of Finance, University of Sydney Amassing the wealth needed to support retirement by regular saving is a monumental test of personal planning and discipline. Fortunately for most Australian workers, the superannuation system can help. Superannuation uses the carrot of tax incentives, and the sticks of compulsion and limited access, to make us save for retirement. There are benefits to paying timely attention to your super early in your working life to get the most from this publicly mandated form of financial self-discipline. I've been researching and thinking about superannuation for most of my career. Here's what I wish I knew at the beginning of my working life. 1. [...]

By Paula Saruda|2024-05-09T17:13:24+10:00May 9th, 2024|Tips and Other News|0 Comments