Omnia Financial Advisory

Here is a brief summary on the recently handed down budget. Certainly, an election budget with small wins in many areas. As usual, these are announcements and not legislated yet.

2025 Federal Budget The Government had hoped they would not need to deliver a Budget before the Federal Election as they expected to be in caretaker mode. However, Cyclone Alfred interrupted those plans. Overall, it was a very quiet affair however it did introduce several important changes that will impact many aspects...

Super - our most tax effective way of saving for the long term. Tax effective? yes. Limited access? yes. It's about finding the right balance of how best to achieve your goals - both short term and long term.

Boost Your Future: The Benefits of Extra Super Contributions Boost Your Future: The Benefits of Extra Super Contributions Superannuation, or "super," is a way of saving for retirement in Australia. While your employer is required to make contributions to your super, adding a bit more yourself can make a big difference.

It's been awesome to be involved in such a wonderful football club Adelaide Atletico VSC.
With all 3 of our kids playing, aligned values, the decision for Omnia to sponsor for season 2024 was only logical.

Very topical at the moment and a great post to share from our Tech team.
Should anyone need assistance in this area, please let me know as I run a Money Coaching program.

Navigating the Cost of Living Costs While we have addressed this topic in previous blogs, the message is worth repeating. The current cost of living crisis has put a strain on many households, making it essential to find ways to save money and manage expenses more effectively. Read more >>

Not my normal type of post being more product based rather than strategy. Thought it could be interesting for some of you.

What is an annuity? When planning for retirement, one of the key considerations is ensuring a steady income stream to support your lifestyle. Annuities can be an effective solution for this. But what exactly is an annuity, and how can it benefit you? Read more on our blog.

As a parent myself, I'd do anything to help our children.
We are finding that more and more parents are assisting kids with the purchase of their first home. Our technical update below highlights some of the benefits and risks of doing so.

The Bank of Mum and Dad: A helping hand with strings attached? Buying a first home is a significant milestone, but with rising property prices, it’s becoming increasingly challenging. Enter the “Bank of Mum and Dad” – where parents provide financial assistance to their adult children to give them a leg-up into the property market... Read more on our blo...

Happy New Financial Year everyone.
As is usual practice in the new calendar year, taking stock in the new financial year is also as important. Reviewing your cash flows, investments and goals.
Tax and Super changes coming in from today also.

A new financial year – a new start As we approach the start of the 2025 financial year on July 1, 2024, there are several important considerations for us as individuals. Let’s explore six key financial aspects to keep in mind... Read more on our blog.

This question is one I am posed all the time. "When can I retire???" The answer is normally answered with a very general "it depends..." Some factors to consider are included in this article.
Should you want to discuss any of the content or your own personal situation further, please do not hesitate to reach out.

When is the best time to retire? Retirement – a phase many of us daydream about. Whether it involves spending more time with family, traveling the world, or volunteering for a cause we’re passionate about, one thing is certain: retirement costs money. So, when should you take the plunge into retirement, and how much money is en...

Here's some technical Super Contribution details to get excited about before the weekend...

What is happening with superannuation caps? Many aspects of superannuation are governed by limits or caps. As we start a new calendar year, attention turns to what changes are likely to occur from the start of the next financial year (1 July). Read more on our blog.

A topic everyone can relate to. Self-employed, employee, retired, we are all feeling the increase in prices and a good article from our tech team about measure that can be taken.

Cost of Living Pressure Overcome the rising cost of living in Australia with these 10 practical tips. Budget wisely, cut non-essential spending, shop smarter, and more. Empower yourself to navigate financial challenges and secure your future.

Happy Friday!
Interesting debate on the purpose of Superannuation.

What is the purpose of superannuation? Discover the purpose of superannuation and its role in providing income for retirement. Explore the debate on using superannuation to fund aged care and the challenges faced by the government in funding aged care services. Stay informed with our insightful blog.

Very valid article and highlights that sometimes when the government tries to control outcomes for people, there are unintended consequences that are not in their best interests.

How many super accounts should I have? One of the surprising things with superannuation is the lack of engagement people have with it. It is not until retirement begins to appear on the distant horizon that many start to become more interested in how healthy, or otherwise, their retirement nest egg is looking.