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Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.

18
May
2018

Downsizing and contributing to Super

Downsizing and Super

During the last budget the government proposed legislation (now law) that comes into effect on July 1 to allow those downsizing their home to make an additional contribution to Superannuation.

The legislation allows for home owners aged 65 or over to contribute up to $300,000 into Superannuation from the proceeds of the sale of their home into Superannuation.  To be eligible the house must be the family residential property and be owned for at least 10 years. The house must also be exempt from capital gains tax. It should be noted there is no requirement to buy a new home.

Written by: Alex McKenzie Categories: Future Financial Services Blog

18
May
2018

Breaking down big goals into smaller pieces

Breaking down goals

Quite often, when we look at big goals they seem so far away that it is inconceivable that we could ever achieve them. When confronted with this, the old metaphor rings true, “How do you eat an elephant? One bite at a time”.

Saving a deposit for a house, paying off your debt or building enough wealth for retirement are all very daunting when you start working towards them. But, just like the elephant, one bite at a time.

Written by: Alex McKenzie Categories: Future Financial Services Blog

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