Why Your Super Could Be the Key to Owning a Home Sooner.

Rather than allowing early withdrawals of super contributions, an alternative approach could be to permit superannuation funds to provide a loan for a home deposit, designed to offer housing accessibility without diminishing retirement savings. Here's how this could work:

By focusing on Division 296, the superannuation $3m cap, and alternative investment options, financial planners offer expert guidance that allows you not just to comply with legislation but also to maximise your retirement and estate benefits effectively.

The New $3 Million Superannuation Cap and what it means for you.

With the impending changes in superannuation legislation, many Australians with high superannuation balances are facing tough questions about how to navigate Division 296, also known as the “$3 million super cap” or the “$3m super rule.” The Australian government’s new proposal, set to take effect on July 1, 2025, will apply additional tax to balances over $3 million. If you’re concerned about how Division 296 may impact your retirement savings, here’s what you need to know.

Navigating the New Superannuation Tax: What High-Balance Holders Should Consider.

With recent changes in superannuation tax policy, many Australians with larger super balances are wondering about their next steps. A federal government proposal set to begin on July 1, 2025, introduces a new tax for those with super balances over $3 million.

Understanding Division 296 and the New $3 Million Super Cap.

If you've heard about the government’s upcoming tax on super balances above $3 million and are wondering how to react, it’s important not to make any sudden moves.

Engaging Families in Philanthropy:

Building a Lasting Legacy Through Strategic and Meaningful Giving

All in all, a strong week for Newcastle Advisors, filled with wins for our clients and our mission to help more Australians understand their financial options and secure their futures.

Balancing Philanthropy and Life Insurance in Succession Planning

Australians are known for their generosity, consistently ranking high on the World Giving Index—4th out of 119 countries in 2022. While many people include charitable donations in their wills, a lesser-known option is using life insurance to support charity. If you're considering incorporating philanthropy into your succession planning, here are some ways to use life insurance for charitable giving.

What Is a Reasonable Fee for Financial Planning in Australia?

financial advice can feel expensive, but when you look at the value it brings in securing your financial future, the cost becomes a worthwhile investment. From growing wealth to protecting assets for loved ones, financial planners offer tailored advice that provides peace of mind. With the right financial advisor, the fees you pay today could mean avoiding costly mistakes and maximizing wealth for the future.

If you're wondering whether financial advice is worth the cost—consider the real-life scenarios above and ask yourself: What price would you put on financial security and the peace of mind that comes with it?

Why Is Financial Advice So Expensive in Australia? Understanding Financial Planning Fees in 2024.

To get the most out of your adviser, actively engage with them. Clearly outline your goals and ensure that you understand what you're paying for. Whether you need a one-off piece of advice or ongoing support, financial planning is an investment in your financial future, with benefits that often far exceed the initial costs.