Planning for retirement is a crucial aspect of financial well-being, and understanding the regulations and limits surrounding retirement accounts is essential. In Australia, one limitation is the general Transfer Balance Cap (TBC), which determines the maximum amount of money that can be transferred into a tax-free retirement account from other sources. However, one of the…
Will you be affected by the new proposed $3 million-dollar super contribution cap in 2023? The Australian Government has recently proposed a new law that could impact the superannuation savings of some individuals. The proposed legislation will see balances in Superannuation above $3 million taxed an additional 15%, bringing the total tax rate to 30%. So,…
We are thrilled to introduce Scott, our newest Paraplanner at Precision Wealth Management. With his Bachelor’s Degree in Financial Planning and experience in the Police force and Army, Scott brings a unique perspective and skill set to our team. He possesses exceptional attention to detail, and his outgoing and magnetic personality and friendly demeanour make…
Precision Wealth Management is thrilled to announce that we have relocated to a new, premium location in Northlakes, north of Brisbane. As a leading financial advisor in the area, we understand the importance of providing top-notch service and expert advice to our clients. With this move, we are excited to take our commitment to excellence…
An early retirement is the dream for many Aussies but is it achievable for those of us dreaming of leisurely days spent in the garden, playing a round of golf every week, or travelling? To make early retirement a reality, careful planning and financial know-how are essential. This blog provides financial tips and strategies to…
Estate planning is a critical step in ensuring that your beneficiaries are provided for in the best possible way upon your passing. With a financial planner’s help, you can structure your estate to ensure your beneficiaries minimise their tax and receive the best possible outcome. At Precision Wealth Planning, we have seen (and heard) the…
If you like to use the New Year and Christmas break to reflect on your year and set new goals for the year ahead, this blog is for you! Glenn Hilber from Precision Wealth Management has shared his top 5 things to make the next year your best financially. Do you set New Year’s Resolutions…
Have a TPD claim but need help with what to do next? Do you want to know how you make your TPD claim best work for you? A recent Perth customer was recently faced with these questions when receiving a Total and Permanent Disability Payment (TPD). The single customer, who was in their late 30s,…