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At Gold Financial Services we care about our client’s knowledge on financial concepts and their general financial wellbeing. we like to give them a safe place to learning more about money.

Protect the lifestyle you work so hard to create

If your income is essential to fund your lifestyle but you presume you can’t afford to insure it, then this tip is for you. If you don’t have insurance, or you haven’t reviewed your policies for a while, you may be surprised by the savings you can enjoy while maintaining a quality personal protection program that can protect the lifestyle you work so hard to create. Your Gold adviser can present you with a range of “what if” scenarios to help you determine ho...continue reading

3 reasons to review your Estate Plan

As you prepare for the new financial year, do your personal and professional lives look a little different from this time last year? If the answer is yes but you’ve so far failed to reflect those changes in your Estate Plan, you could be missing out on valuable taxation efficiencies as well as exposing your wealth and assets to the risk of being bequeathed in a manner you had not intended. Here, we outline 3 reasons to review your Estate plan today. Whilst your Gold adviser is not an...continue reading

Changes to asset testing for pensioners: what you need to know

If you are a retiree or pre-retiree, now is the time to review your strategy, ahead of the Government's proposed changes to asset test thresholds due to take effect in 2017. So, what action can you take today to help protect your pension tomorrow? The Federal Budget signalled changes to the pension asset test thresholds. As of 1 January 2017, the threshold will be cut to $823,000 for couples and $547,000 for single home owners. These changes are significant, when compared with the current ...continue reading

Superannuation: untouched in the Federal Budget but what are YOUR plans?

For those planning their retirement, there was a collective sigh of relief after the budget was handed down. Whilst confidence was bolstered by confirmation that superannuation will remain untouched in this term of Parliament, you need to be aware of some key considerations for your retirement savings strategy including keeping abreast of contributions caps as they relate to your specific situation. If you are under 50 years of age in 2014/15 your tax deductible (concessional) contributions mus...continue reading

Retirement Planning

If you would like to retire with the freedom to enjoy a lifestyle of your choosing, then this tip is for you. Create a tailor-made retirement plan NOW so you won’t need to rely on a paltry Government Pension. For those whom retirement may be decades away, planning early could circumvent the need to play catch-up later in life when mortgages, expanding families, children’s education costs and other additional expenses can place extra pressure on your finances. If retirement is more...continue reading

Estate Planning Quick Tip

If you’re relying on your Will to protect the fate of ALL your wealth, then this tip is for you. You need to get an Estate Plan, not just a Will. A Will only covers personal assets. Without an appropriate Estate Plan, the fate of any wealth that falls outside those parameters could become the subject of litigation or Governmental jurisdictions. An Estate plan is designed to identify and execute an appropriate way to hold superannuation and other assets including those held within compan...continue reading

What's new with you... change can impact your insurances

Think back to this time last year. Your work and home life may have looked very different. Perhaps you’ve had some additions to the family or maybe your offspring have just flown the nest. Failure to notify your insurer of these milestones could hit your hip pocket. Here we outline some of what you’ll need to know to help ensure you receive your full entitlements should you make a claim. We can assist you to review your current insurances and coordinate with your insurer to make mod...continue reading

Growing your wealth amidst debt and dependents

If you’re an income earner with a mortgage and dependents, juggling your income and expenditure may feel like a tight squeeze but there is a way to plan for the life you want to live as opposed to just making ends meet. Achieving your dream lifestyle begins with identifying what that life would look like. Perhaps you’d like to take the kids on an annual holiday or maybe you’d like to add an extension to your home when they transition to their teenage years. Most importantly, w...continue reading

3 key considerations for retirement planning

If the attendance at our Retirement Planning events serves as a gauge, then you may be looking for guidance around making the transition from earning a regular wage or salary to finding alternate income streams, post-employment. Here’s a recap of three key considerations for your retirement planning. 1. Creating and maintaining cashflowWe can present you with a range of options designed to create a regular and reliable income after your wage or salary ceases. In addition to clarifyin...continue reading

Your retirement, your way

Earlier in the year, the Government announced an increase in the qualifying age for the Age Pension (70 years-of-age by the year 2035). Headlines were filled with doomsayers warning that some Australians may find themselves remaining in the workforce for longer than they’d planned. However, if you plan for your retirement, you may not need to rely on the pension to support your lifestyle as a retiree. Ideally, the earlier you start planning your retirement, the longer you will have to gro...continue reading

SMSFs - Look before you leap

If you want to take control of your retirement savings and enjoy a high degree of flexibility when it comes to investing options, then this tip may be for you. A SELF-MANAGED SUPER FUND puts you in the driver’s seat as you take on dual roles of fund member AND trustee. Whilst adopting a SMSF can feel empowering, there’s a lot to consider before making the leap. Your Gold adviser is well placed to help inform your decision-making when it comes to determining whether a SMSF may ...continue reading

Income protection - not just about you

If you’re looking forward to the end of your career and your working days are numbered, you might not consider income protection insurance as a priority. Whilst that is entirely your decision, it may impact upon your children or your parents if you lost your ability to earn an income and needed their financial support, as these two scenarios explain. Scenario 1Rob was in his late 40s and planned on retiring earlier than the normal retirement age. He lived alone and didn’t have child...continue reading