Wealth Creation Blogs Worth Sharing.

Since 1 July 2005, most employers have been required to give their employees a choice of fund for their superannuation guarantee contributions. Only if the employee fails to choose or chooses a fund which cannot be used by the employer, will the employer be able to choose the fund. You are stuck no more.    Since “Super Choice” was introduced, there is now a great deal of competition in the superannuation market given that employees can choose where to put their money. A competitive market is good for consumers with an almost limitless choice of highly developed options for employees to choose from. So, what does this mean for employers?   Many employers have identified Super Choice as an opportunity to offer their employees a more individualised option rather than then simply nominating an off the shelf industry fund. At Hindsight Wealth we offer this service to employers.   We come in, meet with each of your staff members privately, create a...

We’re now two months post June tax time and before we know it, we will be seeing Christmas decorations and gifts filling  retail stores as December and summer creep closer! One thing we can be sure of is that as our lives get busier  and busier, we tend to put some things on the back burner  that may not seem important to us at the time.  Unfortunately, superannuation and insurance too often seem to fall victim to this train of thought.  Perhaps you might still be in that “review” state of mind having just prepared all your tax documents?   Take the time to have a quick look at your latest super statement you would have received for tax purposes this year.   Did it perform well? Do you understand the insurances you’re paying for?  The last 12 months has been very good for local equity markets.   If your super fund hasn’t performed well, then it may be time to consider if the investment options you’ve chosen are suitable...

Last week I read an article titled “Why Aussies aren’t rushing to fill the thousands of vacant mining jobs.”   See the below article extract: “As the limping industry picks up again, and global companies including BHP, Rio Tinto and Fortescue start construction on new mines, a lot of Aussies who made those exact companies millions of dollars aren’t as ready to jump on a plane. Five years ago, Australia was in the middle of one of its biggest mining booms in history. Thousands of people became fly-in, fly-out (FIFO) workers, spending four weeks battling through 12- hour days and then jetting back home for a few days to see their families — before doing it all over again. The salary was great, often cracking more than $150,000, but the sacrifice was even greater. The FIFO profession earnt itself such a bad reputation that a number of Aussies who worked in the first boom have said there’s no way they’d go back again.” Obviously, this is not a new school of ...