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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

Financial planning and the royal commission

Financial planning and the royal commission

As a Financial planner who is proud of what my colleagues, my competitors and I are able to do for our clients I have been saddened by what we heard last week at the Royal commission. The poor behaviour of the banks and AMP (who own my licensee) has cast a shadow over the whole industry.

AMP caught lying to the commission, banks use of product targets and the story of horrible advice leading to a couple losing their home. This is all a terrible look for the industry and is horrifying for people like me who strive to improve their client’s situation.

Written by: Alex McKenzie Categories: Future Financial Services Blog

18
May
2018

First Home Super Saver Scheme

So, what is the First Home Super Saver Scheme?

You may have noticed recently the government funded ad discussing the possibility of using your Super to purchase your first home. The aim of the policy is to make it easier for first home owners to enter the market.

Since 1 July 2017, individuals have been able to make voluntary contributions (eg salary sacrifice and non-concessional contributions) of up to $15,000 per year and $30,000 in total, to their super account to purchase a first home. These limits apply to each individual so a couple can contribute up to $30,000 per year and $60,000 in total.

Written by: Alex McKenzie Categories: Future Financial Services Blog

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