Reflection | Wattle Financial Planning

Investment Review and Rebalancing for the New Financial Year

June 20, 2024

Explore the importance of reviewing and rebalancing your investment portfolio to align with your financial goals and risk tolerance and prepare for the upcoming financial year with confidence.

Maximise Your Tax Return: Strategies for the End of Financial Year

June 13, 2024

Discover effective strategies to maximise your tax return, including claiming all eligible deductions, understanding home office expense claims, obtaining a depreciation report for investment properties, lodging your return early for refunds and timing your bonus income.

Maximise Your Super Contributions Before Financial Year End

June 6, 2024

Learn how to enhance your retirement savings and reduce your tax bill with superannuation planning strategies such as understanding contribution caps, making catch-up contributions, taking advantage of government co-contributions and spouse contributions.

When Is the Best Time to Retire and How?

May 23, 2024

Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.

May 16, 2024

The 2024-25 Federal Budget forecasts a surplus of $9.3 billion for 2023-24, with projected deficits in the subsequent years, specifically $28.3 billion next year. With its mix of immediate relief and strategic investments, the Budget aims to balance short-term economic pressures with sustainable growth. We’ll take a closer look at some of the specific announcements made in this Budget.

The Power of Employee Benefits to Businesses

May 9, 2024

In today’s competitive business environment, attracting and retaining top talent is more critical than ever for employers, especially small and medium-sized businesses. One effective strategy to distinguish your business as a preferred employer is through a compelling employee benefits program. But what does an excellent benefits package look like, and how can it enhance your business's appeal? Whether you're a business owner, hold a management position, or you’re an employee with proactive ideas, this article is for you.

Understanding Insurance in Your Superannuation Fund

May 2, 2024

When exploring options for integrating insurance within your superfund — be it a retail or industry fund — it’s essential to recognise how these arrangements can optimise both your financial planning and security. This article discusses the key benefits and considerations of managing insurance through your superfund, which can help secure your financial future with tailored solutions.

Home is More Than Just a Place to Live, It’s a Smart Investment

April 18, 2024

Owning your home in Australia isn't just about comfort, it’s also a smart financial move. The property market down under is thriving, thanks to solid demand, with data confirming strong growth trends. Homeownership comes with financial perks like Capital Gains Tax exemption on your primary residence and a slew of government incentives designed to make buying a home more achievable. These include grants for first-home buyers and stamp duty concessions, all aimed at easing the financial burden of entering the housing market. So if you’re thinking about buying, know that it’s not only a place to live but a solid investment that could pay off big time in the long run.

6 Practical Tips for Optimising Your Life Insurance (Death Cover)

April 11, 2024

Discussing death is challenging, but it's an unavoidable aspect of life. Taking the initiative to secure life insurance early on plays a crucial role in guaranteeing your family's financial well-being. It's important to tackle this process carefully. To assist you with that, we've put together six practical tips which cover everything from accurately assessing your coverage needs to the importance of regular policy reviews. Together, these six tips form a solid foundation for choosing life insurance that best serves you and your family.

How to Keep Your Business and Personal Money Healthy

April 4, 2024

In this article, we delve into the essential strategies for maintaining a healthy balance between your business and personal finances. From setting up robust budgeting practices to understanding the importance of separate emergency funds, and navigating the complexities of insurance coverage including health, life, and disability insurances, this guide is designed to safeguard both your personal well-being and business success. By illustrating practical steps and real-life scenarios, we aim to empower entrepreneurs with the knowledge to make informed financial decisions, ensuring a stable and prosperous journey in both their personal lives and business ventures.