If you’re navigating a Total and Permanent Disability (TPD) insurance claim through your super, approval probably feels like the finish line. In reality, it’s just the starting point, and what happens next can shape your financial future for decades. Once a TPD payout lands, the decisions come fast. Tax outcomes, super rules, Centrelink impacts, investment…
Are you confused about whether you need a financial adviser or financial planner? You’re not alone. In Australia, these terms are generally used interchangeably and for good reason. Legally speaking, they mean the same thing, and both professionals must meet the same rigorous regulatory standards to provide you with personal financial advice. However, some people…
For many veterans, receiving a compensation payment is both a financial transaction and a moment of recognition for the challenges you’ve faced in service. But it also marks a new chapter: deciding how to turn that payout into lasting security for you and your family. However, even substantial lump sums can disappear quickly without a…
As a small business owner or sole trader, planning for retirement requires a proactive approach beyond compulsory superannuation contributions. Unlike employees covered by the superannuation guarantee, you have the flexibility to manage your retirement savings strategically. Voluntary contributions to superannuation are an advantage for small business If you’re a sole trader or taking drawings from…
Introducing debt recycling, a strategic financial solution to transform your debt into a valuable asset. The objective is to generate more income, expedite mortgage repayment, and decrease tax obligations. This approach entails paying off the mortgage, freeing up equity, borrowing the funds again for investment purposes, and replacing non-deductible debt with deductible debt. As a…
As Certified Financial Planners ®, we are often asked the question, “Should I invest or pay off my mortgage?” The answer depends on various factors, such as how much equity you’ve got and your cash flow. In our video below, we explain some basic investing principles for people who’ve got a mortgage and enough cash…
Based in Brisbane and need help with your retirement planning? If you want a comfortable and enjoyable retirement, planning ahead is vital. (And trust us – it’s never too early to start!) The Certified Financial Planners ® from Precision Wealth Management love helping people create wealth and ensure they’re well-equipped for the lifestyle they want…