May 2016 Update

May 2016 Update

Are you ready for the end of the 2015/2016 financial year? As the end of the financial year sneaks up on us this is an important time to ensure you have your finances in order. There may be some opportunities to take advantage of various initiatives and to consider your situation. A few standard strategies include:

  • Maximizing super contributions
  • Pay your income protection insurance in advance
  • Review all your debt and consider pre-paying tax deductible expenses.

If you have not addressed any of the tax end strategies as yet, and want to discuss what is available to you, STOP reading and call our office now! So we can review your situation and let you know what actions you can take before the 30th of June 2016 which could make a real difference this financial year.

This Newsletter looks at how the recent Federal Budget may impact you. We look at Amex vs MasterCard vs Visa as the prominent credit card offerings on the market. We take you through estate assets and finally some not too serious one-liners.

We hope you enjoy this Newsletter, and urge you to call for personal advice if there is any area that you need to discuss.


Federal budget update 2016Close up of businessman open hands on the desk.

On Tuesday the 3rd of May, the Turnbull Government announced their first budget which included a range of tax measures and incentives affecting many of our individual and business clients. From a taxation point of view, the Budget contained some significant changes for individuals and businesses.

Click here to read entire article.

 


Amex vs MasterCard vs Visa1434431317360

Visa, MasterCard and American Express: three prominent credit cards offering varied and extensive features to the owner of the wallet in which it sits. Although there isn’t a distinct credit card better than the rest, it’s likely you’re able to obtain one that’s better suited to your personal situation.

Click here to read entire article.

 


If super is not my estate asset, what else is not my estate asset?

Last will and testament with pen and glasses concept for legal d

In simple terms, estate assets are assets that you own in your personal name at the date of your death. These are the assets that are dealt with in your Will. It’s important to know that not all assets are estate assets, so what you say in your Will will not effect who gets them when you die.

Click here to read entire article.

 

 


Life’s too serious

A little humour for your day… a mate of mine recently admitted to being addicted to brake fluid. When I quizzed him on it he reckoned he could stop any time…

Click here to read entire article.

 

 

 


For more information please contact Gary Jones on 0407 047 917 or Stephen Wait on 0438 227 811 to talk about any of the articles covered in this month’s newsletter.

Alternatively click here to have one of our team members contact you to discuss your circumstances.

Kind regards,

Stephen, Gary and the team at The Farm Protectors

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