Superannuation is a great way to save for your retirement. Generally you will not be able to access this money until you retire.
The earlier you start preparing for retirement, the more options you have to set a course that suits you. Managing your finances can be hard work even if you have some financial knowledge.
There is a huge number of investments on offer at PWM, from cash and fixed term investments to shares and alternative investments.
Either in business or in your personal life your budget and cash flow is an essential element of getting your total situation right.
Getting advice about your business and how to grow and protect it from PWM, from paying your own and your teams Super.
We believe that Financial Advice should be accessible to everyone, it is not just for the wealthy or for older Australian’s and the younger you start the better. Getting a budget, your Super, your insurances and a savings plan as young as you can we see the benefits.
The right kind of financial advice can really make a big difference. Financial advice can give you confidence that your future plans are achievable. If you’re not on track to achieve your goals, it can help you put the right strategies in place, or come up with more realistic goals.
Advice is not just about Super and Retirement, we feel you need to start with the foundations by having a budget that reflects where you are today and where you can be tomorrow. We wrap this into what you could lose and create an affordable insurance strategy that protects you now and can be adjusted as you change and grow.
Reviewing your strategy is an essential step in the advice process. We give our clients the freedom to choose both, what is affordable and what is needed, we never offer our clients a prescribed solution.
This year you are a single person, you have limited debts and limited resources and then next year you find yourself with a number of possible changes, you have changed jobs or occupations, you have a partner, you have taken on debt or even got sick or hurt yourself and had to change your entire life from where it was. Reviewing, adjusting or maintaining, adding or subtracting parts of the original strategy are why reviewing is so important.
“Advice is organic”
Tindall Girls Pty Ltd t/a PWM Advice ABN 25 632 502 526
Corporate Authorised Representative of Synchron, AFS
Licence No. 243313
The information provided on and made available through this website does not constitute financial product advice. The informaiton is of a general nature only and does not take into account your indivdual objectives, financial situation or needs. It should not be used, relied upon or treated as a substitute for specific professional advice before making any decisions in relation to your particular requirements or circumstances. PWM Advice is a Synchron Adviser
1 week ago
@pwmadviceorange we are up and running and seeing our amazing clients and some amazing new clients as well.
We are making sure everyone of our clients are fully informed and doing whatever we can do to get everyone through the changing economy and making sure they are insured for everything that comes.
Let us know if we can help you.
advice@pwm advice.com.au 6360 1232 ... See MoreSee Less
PWM Advice is at PWM Advice.
1 week ago
IMPORTANT PLEASE READ IF YOU HAVE SUPER
If you are a client of PWM Advice you would be well informed of what is happening with the stock markets and what the Australian Government is doing to stimulate the economy, we wanted to send this out to everyone we know to keep you up to date.
We have already seen a few friends lose their jobs and some businesses having to make tough decisions about staff.
As you understand we cannot influence or predict the economic impact of the Corona virus and we cannot manage the market’s reaction to it. We do however want to keep you well-informed, even if you are not a client, about what is happening in the economy and the markets and what it means for your Retirement Savings.
Your Super balance over the last month may have dropped by 10% up to 40%, but unless you sell those investments to cash you have not lost the individual shares or units.
The Superannuation funds we offer are made up of units and each unit has a unit price and if you have shares they have a share price that are mostly calculated daily so you know how your Superannuation is fairing.
If you have an industry fund they may only set their unit prices once a year, this is called a crediting rate, the industry fund calculates the annual or declared crediting rate for each investment option at the end of the financial year. So if your fund is using a crediting rate the returns they are stating may be for last year and you will not know how much your fund is down till year end, an example of a fund who uses crediting rate is CBUS.
The unit and share prices have dropped and hence your balance has dropped, but you still hold the same amount of units. Little comfort if you are living off your Super, but for our clients who are doing that, we have other investments that are not affected by the share markets that fund their retirement.
The Government today (fact sheet attached) advised that they are looking to pass legislation for people to access their Super up to $20,000 tax free over the next two years ($10,000 per year), this must be done via the My Gov website (www.my.gov.au) and not through your Super fund, details are:
Eligibility: One of the following requirements must be satisfied for the early release of super:
• You are unemployed; or
• You are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment, special benefit or farm household allowance; or
• On or after 1 January 2020:
o You were made redundant; or
o Your working hours were reduced by 20 per cent or more;
o If you are a sole trader – your business was suspended or there was a reduction in your turnover of 20 per cent or more.
If eligible, individuals can apply directly to the ATO via MyGov (www.my.gov.au) and will be required to certify that they meet the eligibility criteria. The ATO will then issue a determination and contact the super fund directly to release the money.
If you want to organise a ZOOM meeting or Phone meeting instead of coming into the office we are happy to do so just call 02 6360 1232 to book it in.
Please stay safe, stay calm and try and have a laugh please.
PWM Advice Team
Tindall Girls Pty Ltd ABN 05 632 502 526 t/as PWM Advice is a Corporate Authorised Representative of Synchron.
AFS License No.243313 for Financial Planning Services Only.
Unless specifically indicated, the information contained in this email is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a financial adviser.
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