SPG Wealth

Many people are disengaged with their Super Fund and many have looked to smaller, newer players who offer a niche as an alternative. Although rare, you should be mindful that Super Funds can collapse as reported today about GigSuper

For advice about who your Super should be with and what type of investments within it are best for you, reach out for an obligation free appointment - 0450 900 436

Aussie company collapses owing $2.7m A company that aimed to tackle “anger” when it came to superannuation has collapsed owing $2.7 million to unsecured creditors, as well as $200,000 to employees.

If your household income is under $56,100 a year and you have children under 16 then you are eligible for a whole range of Centrelink benefits and concessions worth thousands of dollars a year.

Send us a private message and we can chat.

The AFSA Retirement Standards Report has been released for 2021 and shows average living expenses for a modest and comfortable retirement. The report has a breakdown of every living expense and assumes the retiree owns their own home.

Couple (65 - 85 years old) - Modest Lifestyle = $41,170 pa
Couple (65 - 85 years old) - Comfortable Lifestyle = $63,352 pa

Single (65 - 85 years old) - Modest Lifestyle = $28,514 pa
Single (65 - 85 years old) - Comfortable Lifestyle = $44,818 pa

For example:
Groceries of $95.18 a week for a single with a modest lifestyle
Groceries of $213.90 a week for a couple with a comfortable lifestyle

What do you think?

If you would like a copy of the report, please let me know and I will email it to you.

https://thewest.com.au/business/your-money/active-managers-frankly-earn-their-keep-in-australia-ubs-ng-b881992782z

Active managers frankly earn their keep: UBS Actively managed funds investing in Australian shares are beating their benchmarks, with some of the best performance being shown by managers focused on smaller companies.

The ASX could soon be home to a new company bigger than Westpac, ANZ and NAB combined.

Do you think shares are overvalued?

In the 10 months between 20/03/2020 and 08/01/2021 (a time when the world was in the midst of a worldwide pandemic) Tesla shares rose an astonishing 929.10%

Learn more about tax deductions and how they work in this article from our recent newsletter.

Please note that we're not tax accountants and the information within the article is general and factual in nature.

If you'd like to be put in touch with an accountant, please let me know and I can provide you with details of someone who might be suitable to you.

Understanding tax deductions - SPG Wealth Understanding exactly how much of what you spend is tax deductible is crucial for understanding…

If you know of anyone invested in Host Plus Super or Christian Super please put them in touch for a free review of their Super Fund.

Anyone invested in the default investment option at Host Plus is paying $78 a year + 1.10% of their balance while anyone invested in the default investment option at Christian Super is paying $65 a year + 1.09% of their balance in fees.

Clients invested in these Super Funds who have let their employer / the fund choose where their money is invested are paying too much! In fact I would suggest it's AT LEAST 25% more expensive than some of the other alternatives which is costing members hundreds of dollars each year.

A free initial chat with me could save you or your friends hundreds each year and potentially earn them thousands more over their lifetime.

[email protected]
0450 900 436
Authorised Representative #341179 of Wealth Today Pty Ltd (AFSL 340289)

No person ever went bankrupt paying insurance premiums, but plenty have who didn’t pay them.

If you're looking to make a last minute contribution to Superannuation I recommend making it today or Monday as it needs to be at the fund by the 30th June (Wednesday)