investment Archives - Jennings Financial Services

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 [...]

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 [...]