Australian Government’s 2020-21 Budget At 7:30pm (AEDT) on Tuesday 6 October 2020, the Australian Treasurer, Josh Frydenberg, released the Australian Government’s 2020-21 Budget. After going into a record deficit of $213.7 billion in 2019-20 to support individuals and businesses during the COVI...
This new financial year, operating in the “new norm” of working from home, brings with it some new tax opportunities and implications for employees and small business owners. The Australian Taxation Office (ATO) has released some information to help you understand what you can claim, and ...
Wealth Market has been inundated with new clients who want to set themselves up through the rollercoaster that is a pandemic…did we mention it’s coupled with a recession? And rightly so. These are, as they keep saying in the media, “novel” times, so families, small businesses and individuals a...
COVID-19 has changed our lives but it does not have to kill our dreams. We cannot wait for all the restrictions to be lifted completely so we can socialize, travel, treat our kids and do the little things we all took for granted. While we wait, we have had the time to reflect on our lives and re...
Does your mind go to the design of the space? Do you maybe have a vivid memory of your partner trying to tame your toddler in the background? Do you love the fact that you can sleep in and basically just brush your teeth and you are at work? I thought so – not many of you thought TAX TIME, did you?
Wealth Market is blessed to have the talented Rudy Haddad as our Head Of Practice Management & Technical Advice Delivery. Rudy holds a Diploma of Financial Planning as well as a Bachelor’s Degree in Economics. Rudy has been assisting financial advisers across Australia for 21 years with financia...
One of the most important parts of the financial advice process is the setting of your own, personal financial and lifestyle goals. As advisers we think about setting, working towards and meeting goals for our clients day in day out. We understand that everything that surrounds ‘goals’ is not jus...
‘Protecting Your Super’ laws are making retirement savers think about the life insurances they need.’The new ‘Protecting Your Super’ laws which came into effect on 1 July 2019, are designed to ensure that super accounts are not unnecessarily eroded by fees and insurance premiums. Most people with...
‘A good financial planner starts by knowing who you are and where you want to be.’ It’s an interesting habit that people get themselves into: talking about their life and their finances as if they’re two separate things.We approach this from a different angle. Your finances are a part of your li...
The end of the financial year just passed and it’s time to get serious about taxes. If you are lodging your tax return yourself, it has to be done by October 31, and it’s worth being meticulous about it because it could be the difference between having several thousand dollars returned to you by ...
In the first week of July the Reserve Bank of Australia dropped the official cash rate to 1.0%, the lowest is has been since the 1950s.
The Australian superannuation scheme now has $2.8 trillion assets under management (as of March 2019) which makes it smaller than the Australian property market but larger than the market capitalisation of the ASX.
Here’s nine tips to help you improve your financial well-being.