NEW FINANCIAL YEAR: NEW OPPORTUNITIES; NEW MILESTONES.

Happy New Financial Year!

The 2021/22 Financial year is here! Congratulations for making it through the 2020/21 year!

No one could have predicted the unprecedented challenges we have faced not only individually but globally, with a pandemic climate not seen for over 100 years. This year, there are some changes to be aware of that may impact you personally.

Before we dive into the detail, have you set yourself any goals for the new financial year?

July can be the perfect time to reassess your circumstances and put a plan in place for the next 6 months as we move into the second half of 2021. There are a number of items to be across in our July edition of The Adviser Monthly, including Superannuation increases & RBA Interest rate discussions, some tax time tips that you may not have been aware of, and some interesting information on ethical investing.

We are not surprised that Australian household wealth has reached another high of $492,055. That’s up by $19,494 in three months. Are you one of the benefactors?

Read on to find out more.

The team at Make Work Optional Financial Planning wishes you a happy and safe

July. Stay warm and remember we are almost halfway through winter!

Are Record Low-Interest Rates Here to Stay?

The Reserve bank left the cash rate target at a record low 0.1 percent on Tuesday last week, but will this continue into 2024? How will the trimmed bond-buying program affect the interest rate?

Positive Goal-setting for the New Financial Year

The new financial year can be a great time to reassess your circumstances, whether it’s your living situation, budget, or overall goals. What goals have you set for the new financial year?

Do I Have to Declare My Partner's Income?

In tax terms, the ‘spouse’ includes the partner you live with. It doesn’t matter if you don’t share your finances. If you’re in a relationship and you’re living under the same roof, you have got to declare it.

Changes in Superannuation from 2021

The new Superannuation changes that have begun from 1 July, will boost retirement savings for millions of Australians. What will these changes mean for you and your golden years?

The Rise of Ethical Investments

Ethical investing is not only a way to hold companies accountable for the environmental, social, and ethical consequences of their actions. It also includes making investment choices that align with personal values and seeking to use investment dollars to influence the way businesses to behave.

Are You Getting Any Wealthier?

In case you didn’t hear, the Australian household wealth has reached another high of $492,055. That’s up by $19,494 in three months. But is this for everyone? The answer is ‘yes’ if you own a specific asset class. If not, then this new year should allow you to re-evaluate your financial standing.

The MWO life.

A TASTE OF IRELAND

When was the last time that you made the time to go and watch a live theatre performance?

For thousands of years, there have been people telling very beautiful extravagant stories to each other. Yet we are in a time where technology is everywhere and tells stories through tv shows and movies, but why not experience it the old fashioned way of stories being told live in front of audiences.

This month I was lucky enough to attend the theatre in Orange to be told a story through tap dancing called ‘a Taste of Ireland’.

This was an experience I thoroughly enjoyed. Not only the performance but the opportunity to spend quality time with family.

FOLLOW OUR ADVENTURES

Join Our Email List

Please leave your email below to receive a notification about The Adviser Monthly, the official monthly digital publication of Make Work Optional. (No spam allowed.)

Have another question?

Get in touch and I’d be more than happy to answer any questions that you may have.