Tag Archives: Berwick

MASTERCLASS Investment – What is, and how do you read the Balance Sheet or Financial Position?

As previously explained in our post about Company Reports, the Balance Sheet (or Financial Position) is one of three reports or statements that a company or business produces which shows how the business has performed. The other two reports are Profit and Loss (or Income … Continue reading

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Pensions Centrelink – Am I eligible for pension?

Wondering if you may be eligible for Government Pension? These are the criteria for eligibility for Age Pension at the Department of Human Services website at August 2018 – HERE – Check to see if you’re eligible for other support: … Continue reading

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Basics Superannuation – Basics 1-5 to know about super in Australia

Superannuation Guarantee (SG) – All Employers must pay at least the value of 9.5% of your wages/salary (not FROM your pay, but another expense of the employer) to your member account in a super fund (including a self-managed super fund). … Continue reading

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Masterclass SMSF – How to buy property with super fund – the steps for SMSF Property purchasing

The legislation for Self-Managed Super Fund (SMSF) allows for borrowing to acquire properties when specific criteria are met. There are 2 main ways self managed super funds are buying property: Outright – If there is enough money to cover the … Continue reading

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NEWS – Is your SMSF worse off due to poor advice?

ASIC has found that 10% of SMSF set up advice is likely to leave people significantly worse off, with 91% of SMSF set up advice files not complying with the law. The regulator reviewed 250 client files randomly selected from … Continue reading

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MASTERCLASS Investment – How to Understand Profit & Loss (or Income) Statements

As previously explained Company Reports and the Profit & Loss (or Income Statement) is one of three reports or statements that a company or business produces which shows how the business has performed. The other two reports are Balance Sheet … Continue reading

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Masterclass SMSF – How the downsizer contribution works from sale of your home near retirement

The 2017 federal budget brought in a new allowance for a new type of superannuation contribution for individuals looking to downsize their principal residence. Michael Hallinan at smsmagazine.com.au explains some of the rules around these new contributions. The downsizer contributions … Continue reading

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