THE ADVISER’S NOTEBOOK
JULY 2021
CONTENTS
Are Record-Low Interest Rates Here to Stay?
Positive Goal-setting for the New Financial Year
Do I Have to Declare My Partner’s Income?
2021 Changes in Superannuation
The Rise of Ethical Investments
Are You Getting Any Wealthier?
SCROLL THROUGH THE STORY REEL BELOW
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's Notebook 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 Your Wealth Hub Advice wishes you a happy and safe July.
Stay warm and remember we are almost halfway through winter!
Gavin Glozier, AdvFP
CEO & Principal Financial Adviser
P 1300 763 498 • M 0408 155 140
Level 33, 264 George St NSW, Australia
Life the life you want to live.
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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?
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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?
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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.
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2021 CHANGES IN SUPERANNUATION
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?
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THE RISE OF ETHICAL INVESTMENTS
Ethical investing is not only about holding companies accountable for the environmental, social, and ethical consequences of their actions. It is also about values-oriented decision-making.
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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.
Never spend your money before you have it.
THOMAS JEFFERSON