Maddern Financial Advisers

How would you rate your level of financial wellness? Do you think you’re in a good position to meet your immediate and near-term financial obligations? What about your long-term goals? They’re tough questions, asked in a particularly tough financial environment. Here are three simple steps that can make a big difference in achieving your financial goals. #Finance #FinancialPlanning #Money #Goals #IndependentFinancialAdvice #Australia #Melbourne

🎁 Gifting for Future Generations: Tips for Helping Loved Ones 🌱 Want to support your family this holiday season? Here’s how to do it smartly: 💵 Cash Gifts: No tax as long as it’s a gift, but limits apply if the recipient gets government benefits (up to $10K/year). 🏡 Helping with Housing: Parents are increasingly helping children with home deposits, or even building granny flats to create space. 🏠💸 📝 Becoming a Guarantor: Think carefully before signing as a guarantor on a mortgage. It comes with big financial risks—seek legal advice first! ⚖️ For guidance on how to give wisely, we’re here to help! 🤝 📞 Contact us today 03 9999 7200 for advice. #FinancialPlanning #FamilySupport #SmartGifting #WealthTransfer #Finance #FinancialPlanning #FinancialAdviser #Australia

📊 How Does Your Business Measure Up? 💼 Cost of living pressures and rising expenses are squeezing profits for many small businesses in Australia. 💸 In sectors like construction, hospitality, and retail, insolvencies are at a 10-year high. Over a third of business owners can't pay themselves, and many use personal savings to stay afloat. 😟 Is Your Business Performing Well? Benchmarking your business can help you assess whether you're on the right track or need to make adjustments. 📉 The Australian Tax Office (ATO) offers tools to compare your business against others in your industry, covering key measures like income, wages, operating expenses, and more. 🔍 🔧 ATO Business Viability Tool: This tool helps you evaluate if your business is financially stable enough to weather tough times. It assesses profitability, cash flow, assets, and liabilities, offering insights into your overall financial health. 💡 Key Steps for Success: 📊  Compare your business against industry benchmarks 🔧 Use the ATO's tools for real-time performance checks 🚨 Seek expert advice early to address financial issues Need help analysing your business's performance? 📞 Contact us today: 03 9999 7200 for tailored advice and strategies to keep your business thriving! ✨ #SmallBusiness #FinancialPlanning #BusinessGrowth #ATO #BusinessSuccess #Benchmarking #BusinessAdvice #Entrepreneur #Profitability #CashFlow

SMSFs: Keeping It in the Family 💼👨👩👧👦 A family SMSF can be a powerful tool for multigenerational wealth creation and transfer. Here’s why: 💰 Wealth Transfer: Smoothly pass assets across generations . 💸 Cost Efficiency: Share setup and admin costs . 💼 Investment Flexibility: Invest in property & business assets. 📉 Tax Benefits: Tax-effective death benefits and reduced borrowing risks . 💵 Funding Pensions: Younger members’ contributions help fund older members’ pensions. Risks: ⚖️⚠️Different risk profiles and potential family conflicts need careful planning. Want to explore a family SMSF? Contact us: 03 9999 7200 https://lnkd.in/gmKUfC7c today for expert advice! 📞 #SMSF #FamilyWealth #RetirementPlanning #FinancialPlanning #GenerationalWealth #InvestSmart #TaxBenefits

Super vs Property: 4 need to know tips! 🏠💰 Many Australians love property investment, with the value of residential real estate hitting $10.95 trillion in 2024. 🏡 But is property the best option for retirement income, or is superannuation the smarter choice? 🤔 Here’s what you need to know: 1. Super’s Tax Benefits 💸: Superannuation offers significant tax advantages and flexibility to invest across various asset classes, including property. Over the last decade, super funds have delivered an average annual return of 9.1%, outperforming property’s 6.5% growth. 📈 2. Liquidity 🔄: Super can be accessed more quickly, while selling property takes time and may incur selling costs or lower sale prices. 3. Long-term Growth 📆: Super is designed for long-term growth, benefitting from compounding interest. Property can offer growth, but with added buying and selling costs (like stamp duty and CGT). 🏘️ 4. Risk & Diversification ⚖️: Super funds are diversified to reduce risk. Property investments are concentrated in one market, meaning higher potential returns—but also greater exposure to market downturns. 📉 Making the Right Choice 📊: It doesn’t have to be one or the other. Many retirees blend both super and property for a balanced strategy. Let’s chat about the best retirement plan for you! 03 9999 7200 📞 Reach out today and let's analyse your retirement income strategy! 💬 #RetirementPlanning #Superannuation #PropertyInvestment #WealthManagement #FinancialGoals #TaxBenefits #InvestmentStrategy #RetireSmart

The Age Pension and Your Retirement Plans 🏡💰 Did you know that, despite growing super balances, the Age Pension remains a key income source for many retirees? According to recent stats, over 60% of Australians over 65 rely on the pension as their primary source of income. Am I Eligible? You may qualify for the Age Pension if: 🎂 You’re over 67 years (varies depending on birthdate) 🇦🇺 You’ve lived in Australia for at least 10 years 💸 You pass the income and assets tests (including savings, properties, and investments) Income & Assets Tests 💸 💵 Income includes wages, pensions, and investments 🚗 Assets include things like property, shares, and vehicles (family home is excluded) 💼 Can you still work? Yes! You can earn up to $212 per fortnight (single) without affecting your pension. What Does the Pension Pay? 💵 Single: Up to $1,144.40/fortnight 💑 Couple: Up to $1,725.20/fortnight Need Help? Understanding your eligibility for the Age Pension can be tricky. We can help clarify your options and ensure you're maximising your retirement benefits. Get in touch today! 03 9999 7200 📞 #AgePension #RetirementPlanning #Superannuation #PensionEligibility #FinancialAdvice #RetirementGoals #WealthManagement #FinancialPlanning

Unlocking Success: Key Lessons from Top Investors 💡📈 Successful investing is a journey, and learning from the world's best can help you build lasting wealth. Here are some key lessons to guide you: Focus on Long-Term Value 🏆: Warren Buffett advises investing in strong companies with lasting potential—patience pays off! Diversify Your Portfolio 🌐: Ray Dalio’s strategy of spreading investments across assets helps manage risk and maximize returns. Manage Risk Wisely ⚖️: George Soros highlights the importance of risk management—knowing when to cut losses is crucial. Stay Disciplined & Patient ⏳: John Bogle emphasizes low-cost, long-term investing. Stick to your plan and avoid impulsive decisions. Learn from Mistakes & Adapt 🔄: Howard Marks teaches that reflecting on mistakes and adapting is key to growth in investing. Leverage Expert Help 🤝: Tailored advice can make all the difference—let us guide you on your investment journey. Ready to grow your wealth? Call us today (03 9999 7200) to start planning! 📞 💼 #WealthCreation #InvestingTips #Finance #LongTermInvesting #InvestmentStrategies #RiskManagement #WealthBuilding #FinanceGoals #SmartInvesting #FinancialFreedom #PersonalFinance #FinancialPlanning

Thinking of Selling Your Investment Property? 🏡💰 Before you sell, understand the tax implications to avoid surprises: 💸 Capital Gains Tax (CGT): CGT applies to the profit you make from selling. It’s part of your income tax, and you must report it in your tax return. ➗ CGT Calculation: Your capital gain is the difference between the cost to buy/improve the property and what you sell it for. 🏡 6-Year Rule: If you lived in the property before renting it out, you may be eligible for a partial main residence exemption. 🧾 Other Taxes: GST applies on newly built properties, and some states charge land tax on investment properties. 📉 CGT Discounts: If you sell after holding for 12 months, only 50% of the capital gain is taxable. 💰 Before selling, make sure you calculate all costs (like stamp duty, agent fees, etc.) that affect your capital gain. For expert guidance and to ensure you’re fully informed on CGT and other tax considerations, get in touch with us today! 03 9999 7200 📞 #InvestmentProperty #CGT #CapitalGainsTax #TaxPlanning #RealEstate #PropertyInvestment

Protect Your Income from Illness or Injury 💼💪 Income protection insurance can be a lifesaver for anyone with a mortgage, small business owners, or the self-employed without sick leave. It offers up to 70% of your income if you can’t work due to illness or injury, with payments typically lasting 2-5 years. Here’s what you need to know: Common claims: Cancer, heart attack, anxiety, and depression. Policy options: Can be through your superannuation (check if it covers income protection) or an external policy (tax-deductible premiums). Tailor your policy: Adjust payment amount, duration, and waiting periods to suit your budget. Know the details: Be aware of "own occupation" vs "any occupation" cover, as well as medical history limitations. 📊 Tip: Check if you have sufficient cover by reviewing your policy details and speaking to an expert. 👉 Contact us today to discuss your options and ensure your income is safeguarded. Don’t leave your future to chance! Don’t wait for the unexpected – ensure your income is protected today! 🔒 #IncomeProtection #Insurance #FinancialSecurity #SelfEmployed #ProtectYourIncome

Unlocking the Value in Your Property: Options for Your Golden Years 🏠💰 With rising property prices, many homeowners are exploring ways to access the equity in their homes. Here are some options: 1. Reverse Mortgages: Borrow money against your home’s equity, with no repayments until you move or sell. Interest rates are higher (8-10%). 🔄🏡 2. Government Scheme: The Home Equity Access Scheme offers loans to eligible seniors at a low 3.95% interest rate. Repay when you sell or pass away. 🇦🇺💵 3. Home Reversion: Sell a portion of your home in exchange for a lump sum or regular payments, with the provider taking a percentage when the home is sold. 🔑💸 4. Downsizing: Sell your home, buy a smaller one, and invest the difference. Over 55s can contribute up to $300,000 per spouse to super. 📉💡 5. Dual Occupancy/Subdivision: Turn your property into two separate living spaces for rental income or sell part of your land. 🏡➡️🏠 Want to explore your options? Contact us today to discuss the best way to unlock your property’s value and plan for a comfortable retirement. 📞✨ #PropertyEquity #RetirementPlanning #ReverseMortgage #HomeEquity #Downsizing #FinancialFreedom #FinancialPlanning #Finance #Australia