News

Following are regular blog posts from Endura Private Wealth.

If you would like to download a copy of our Quarterly newsletters, click here to access them.

The True Value of Advice - Confidence Delivers

Confidence helps you get more out of life. A recent landmark survey found that for clients who received financial advice, they were free from financial stress. And when you're not stressed, you live a better life.

( Posted in: General Finance )

11 Tax Facts about Superannuation

Compared to other investment structures, super is widely considered to be one of the most tax-effective investment structures available from a wealth accumulation and cash flow generation perspective. Although not a comprehensive list, below are 11 of the top tax facts about super. 

... read more

11 Tax Facts about Superannuation
( Posted in: Superannuation )

How do you know when the advice is right?

Seeking financial advice can turn your life around and put you on a path to a happier and more secure financial future. But where do you start? Who do you trust? How do you know you are going to get value for money? 

... read more

How do you know when the advice is right?
( Posted in: General Finance )

Navigating your way through a redundancy

The Australian Bureau of Statistics announced a record 932,000 jobs were lost between the March and June 2020 quarters in the wake of COVID-19. While the Government extended temporary economic assistance for most businesses until March 2021, it has gradually been phased back which may result in many businesses downsizing, winding up or becoming bankrupt. This means it’s possible that more jobs may be lost in the coming months.

... read more

Illustration of a woman who lost her job due to COVID19
( Posted in: General Finance )

How will the Federal Budget affect you?

During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated “Australia is back!”. The Budget proposes positive changes to superannuation, an extension of the low and middle income tax offsets and a boost to aged care services.

... read more

How will the Federal Budget affect you?
( Posted in: General Finance )

Why Insurance Matters

In a year that has seen so many unexpected events take place it is top of mind for most Australians now more than ever that life does not always go the way we plan, but having a plan in place if things do take an unexpected turn can mean that our health, lifestyle and family are better protected. 

... read more

Why Insurance Matters
( Posted in: Insurance )

Update on the housing market

Last May we discussed the likely impact of the Coronavirus on the Australian property market and concluded that the pandemic will place downward pressures on the general level of house prices by either reducing demand or increasing supply.

... read more

Update on the housing market
( Posted in: General Finance )

What financial mistakes have you made?

Have you made a big financial mistake in the past? One that cost you a lot of time and money to fix? One that caused you a big headache? 

... read more

What financial mistakes have you made?
( Posted in: General Finance )

Five ways to stick to your financial resolution

Setting a financial goal for the New Year? Take steps to make it work. 

... read more

Illustration of being smart with money in 2021
( Posted in: Financial Planning )

Endura Private Wealth is 100% committed to the BFO

Endura Private Wealth is 100% committed to the Banking and Finance Oath that re-asserts the ethical foundation of the industry.

... read more

Endura Private Wealth is 100% committed to the BFO
( Posted in: General Finance )

Advisers exceed expectation of 95% of clients

Most (90%) of advised clients are left in a better financial position after accessing financial advice and 95% thought their adviser always met or exceeded their expectation, according to a survey.

... read more

Financial planner sitting with a couple going over budgets
( Posted in: Financial Planning )

How To Choose A Top Financial Adviser

Many people don’t consider consulting a financial adviser until they are close to retirement. However, for the best chance for financial independence in your retirement, the earlier you start working on your financial plan, the better.

... read more

How To Choose A Top Financial Adviser
( Posted in: Financial Planning )

Do you have more than one super account?

Did you know there is over 101 million Australians with a superannuation account, approximately 36% of which hold more super accounts, which make up $20.82 billion in ‘lost super’. Is some of that yours?

... read more

Do you have more than one super account?
( Posted in: Superannuation )

The Pizza Pandemic

The global pandemic wrought by COVID-19 has created great uncertainty among policymakers, investors, workers and consumers, but it’s worth noting that its repercussions on the economy and the share market have not been all in one direction.

... read more

COVID-19 abstract illustration with white text
( Posted in: General Finance )

Take control of your retirement

Are you affected by the increase in the Age Pension’s qualifying age? Take steps now to avoid getting caught short on retirement income.

The minimum age to qualify for the Age Pension has started going up. For those born on or after 1 July 1952, the qualifying age increases by six months every two years until it reaches 67 in July 2023. It rises to 66 in July this year.

... read more

Take control of your retirement
( Posted in: General Finance )

Five tips for looking after your large household’s finances

Taking care of household finances can be taxing, especially if you have a big family. But with proper planning and budgeting, there’s no need to stress.

Here are some tips to help you effectively manage your household finances.

... read more

Illustration of a large family
( Posted in: Budgeting )

Less for longer: Extension of JobSeeker and JobKeeper Payments

On 21 July 2020 the Government announced a range of proposals to the JobKeeper and JobSeeker Payments as existing arrangements are set to expire in late September 2020. Certain tax concessions to assist businesses were also extended and have been legislated.

... read more

Less for longer: Extension of JobSeeker and JobKeeper Payments
( Posted in: General Finance )

Get Insurance while you're still bulletproof

According to research by TAL insurance provider the cost of personal insurance soars after the age of 35. This is also the time in our lives that you may be going through significant change such as marriage, children, a bigger mortgage and more responsibilities.

... read more

Get Insurance while you're still bulletproof
( Posted in: Insurance )

The Dangers of DIY Trading

Many people have taken advantage of the coronavirus lockdown to learn new skills—from baking bread, to knitting, to learning a language. But trading securities, like rewiring the house, is not something you should do without professional advice.

... read more

The Dangers of DIY Trading
( Posted in: General Finance )

Do Downturns Lead to Down Years?

Stock market slides over a few days or months may lead investors to anticipate a down year. But a broad Australian
market index had positive returns in 15 of the past 19 calendar years, despite some notable dips in many of those years.

... read more

Do Downturns Lead to Down Years?
( Posted in: General Finance )

COVID-19 update

Updates that we feel you need to be aware of about our office, the investment market, and how to get through 2020.

... read more

geometric 3d render of coronavirus in blue
( Posted in: General Finance )

Helping your children, financially speaking

As a parent you probably have great expectations for your child. They will have everything you had and more! You will consider their every need and make the most of every opportunity to help them get ahead, right?

Whilst every parent wants their child to be healthy, happy and financially secure, figuring out how to get them there is another thing. Working with a financial adviser can help you understand options available to financially help your children, and teach them how to take control of their financial future once it is time for you to step out of the equation, and them to step up. Introducing these discussions as a family from early on means you can get help for your children that will serve them well into their future.

... read more

Helping your children, financially speaking
( Posted in: General Finance )

Downsizing when you retire

Many retirees consider ‘Downsizing’ their home at some point. This is often for financial reasons (as the current home may now be too big) or to move into a new house better equipped to accommodate them. Over the last few years, Endura Private Wealth has specialised in providing guidance on ‘Downsizing’ for residents from Malvern to Prahran and Caulfield to Glen Iris.

... read more

Downsizing when you retire
( Posted in: General Finance )

Changes to income protection insurance

Also known as ‘salary continuance insurance’ or ‘disability income insurance’, income protection provides a portion of your income, for example 75% of your annual salary, if you are unable to work due to injury or sickness for a certain period of time. You need to advise your annual salary when you take out the cover.

Income protection policies always have a waiting period and a payment period. The waiting period is the time you must wait from when you make a valid claim, to the time you become eligible to start receiving payments. The payment period is the period you can be paid so long as you remain unable to work. Other terms and conditions apply depending on the policy. All of these factors affect the level of premiums you pay.

... read more

Changes to income protection insurance
( Posted in: Insurance )

Successful Investor Secrets

The investment world can change dramatically from one month to the next. But these secrets of successful investors never go out of style.

Successful investing can be one of your biggest allies in the quest for long-term financial security. Unfortunately, unsuccessful investing can leave you wishing you’d kept your money in the bank. 

... read more

Successful Investor Secrets
( Posted in: General Finance )

Hindsight is 20/20. Foresight Isn't

The year 2019 served up many examples of the unpredictability of markets.

Download and read this article issued by DFA Australia Limited (AFS Licence No. 238093. ABN 46 065 937 671). Material provided for information only.

... read more

Hindsight is 20/20. Foresight Isn't
( Posted in: General Finance )

Taking the mystery out of the jargon

When it comes to super, all too often it can seem to be in another language. But when you understand the language, everything starts to make a lot more sense. To help, we explain some commonly used superannuation jargon.

... read more

white piggy bank with
( Posted in: Superannuation )

All I want for Christmas is to survive debt free!

Christmas is just around the corner and it’s easy to get caught up in the festivities of the season. Unfortunately this can be bad news for your finances. After a year of careful spending don’t let Christmas blow your budget. Follow these tips and emerge in the New Year without the financial hangover.

... read more

Decorated Christmas Tree
( Posted in: Budgeting )

True value of advice

There’s plenty to consider when trying to secure your financial future. Should I pay off the mortgage or put money into super.... but what about renovations? When can I stop work? How do I afford the children’s education?

... read more

happy couple relaxed after getting financial advice
( Posted in: Financial Planning )

Meeting your future lifestyle needs

Whether you’re at the beginning of your working life, have been working for a number of years, or already enjoying your retirement, professional financial advice can make a difference when it comes to achieving your financial goals and meeting your future lifestyle needs.

... read more

senior woman smiling as she paints
( Posted in: Wealth Management )

Investing in a volatile market

Warren Buffet, arguably the world’s most successful investor, has long championed the 'buy-and-hold' investment strategy on quality stocks. It's a philosophy many aspire to, but history has shown that rarely do we have the patience.

... read more

Double explosure with businesss charts of graph and rows of coins for finance
( Posted in: Investments )

Salary sacrificing - not such a sacrifice

A global survey of people's attitudes to retirement savings shows while Australians expect to spend, on average, 23 years in retirement, their money will run out after only just 10 years.  This gap in retirement savings, affectionately called ‘the retirement gap’ is a growing concern and more and more Australians are looking for ways to boost their super savings.

... read more

Growing wealth concept. Growing plants with coin piles
( Posted in: Superannuation )

ATO diversification probe may cause audit headaches

Some SMSF trustees with annual returns due in October may need to re-audit their accounts for the last financial year, following a warning from the ATO that funds which are highly concentrated in one asset must present a compliant investment strategy to their auditor or risk penalties of over $4,000.

... read more

Business people going through graphs
( Posted in: Superannuation )

First steps to building your wealth

Looking for the most effective way to build your wealth? Not sure where to start? The first thing you need to do is determine your needs and goals, both short and long term.

... read more

building wealth concept. Figures constructing coin towers.
( Posted in: Wealth Management )

Second marriage - what are the estate planning implications?

Getting married is a joyous time. However, if you are one of the 20 per cent of Australians who will do so a second (or more!) time, children from a previous marriage can present complex estate planning challenges.

... read more

middle aged couple getting married
( Posted in: Estate Planning )

Going overseas? Don't forget to tell Centrelink

Many people look forward to the opportunity to enjoy their retirement by travelling overseas. For some, it means they plan to live overseas on a permanent basis so they can take advantage of lower living costs while for others it may mean reuniting with relatives who live overseas.

... read more

Retired couple exploring Spain
( Posted in: Centrelink )

What is the value of an Adviser?

A new report has dived into the value of advisers and found that they deliver value of at least 4.4 per cent or more every year to their clients beyond investment-only advice.

... read more

What is the value of an Adviser?
( Posted in: General Finance )

Make the right retirement living choice

Many of us save and plan for retirement, with our main focus on ensuring we have enough money to live the type of lifestyle that we want. Although this is an important aspect of planning ahead, another key consideration is planning where we will live during our retirement.

... read more

Make the right retirement living choice
( Posted in: Aged Care )

Further Information

Following our update from last week, we would like to provide you with further information on the business changes to take place shortly.

We are excited to announce that from the 1st August 2019 knp Financial Services will be changing our name to Endura Private Wealth.

... read more

Further Information
( Posted in: General Finance )

Investing for children

One of the world’s leading investors and philanthropist, Warren Buffet once said "A very rich person should leave his kids enough to do anything, but not enough to do nothing”.

It’s only natural that every parent, regardless of their financial position, wants the best for their children. So if you’re in a position to invest money specifically for your children’s future, you should consider your options carefully – just as you would if you were investing for yourself.

... read more

Investing for children
( Posted in: Investments )

An exciting new development

knp Financial Services (knpFS) are now ready to share an exciting development for our business. From 1 August 2019, knpFS will operate as an independent entity, which will see our firm relocate, rebrand and regenerate our service offering.

... read more

An exciting new development
( Posted in: General Finance )

Uncovering the mystery of tax on super

The rules regarding super and tax are complex and, for many, the tax paid when putting money into super, its earnings while invested, and when benefits are finally paid can be a mystery. We take a look at how superannuation is taxed.

... read more

Uncovering the mystery of tax on super
( Posted in: Superannuation )

Smart ways to give

Choosing to give money to charity or charitable causes that you care passionately about can be straightforward but there are several different ways you can give.

... read more

Smart ways to give
( Posted in: Philanthropy )

Mythbusting insurance

Most people wouldn’t dream of taking their car on the road without car insurance, or living in a house without home and contents insurance. But when it comes to taking up insurance to protect their life or income, most Australians act indifferently.

... read more

Mythbusting insurance
( Posted in: Insurance )

Can your Will be challenged?

Yes it can, but only in certain situations. While most people try hard to strike a fair balance when they write their Will, sometimes there may be people who are unhappy with how the estate has been divided and decide to challenge it.

... read more

Can your Will be challenged?
( Posted in: Estate Planning )

How to find the right financial adviser for you

When it comes to getting financial advice, it's imperative to find someone you trust.

But with the financial services royal commission revealing a culture of greed in the financial advice industry, it's hard to know where to turn for advice.

... read more

How to find the right financial adviser for you
( Posted in: General Finance )

Is debt ruling your life?

Student loans, credit cards and personal loans can be helpful at the time, however often become a source of unnecessary stress later on.

Clearing your debts doesn’t have to be hard work. With the right plan, it’s possible to get your finances on track sooner than you think - and back to living the good life, guilt-free. Here are some tips to help you get out of debt.

... read more

Is debt ruling your life?
( Posted in: Budgeting )

Going overseas? Don't forget to tell Centrelink

Many people look forward to the opportunity to enjoy their retirement by travelling overseas. For some, it means they plan to live overseas on a permanent basis so they can take advantage of lower living costs while for others it may mean reuniting with relatives who live overseas.

... read more

Going overseas? Don't forget to tell Centrelink
( Posted in: Centrelink )

Aged care - part of your plan

It can be difficult to plan, both financially or emotionally, for the move into an aged care facility. When choosing the best care as a part of your retirement – or for loved ones – many practical issues arise and decisions need to be made. It’s important to know what’s involved and have the confidence to face the challenges of aged care. Here are some tips to get you started:

... read more

Woman helping senior man with finances on clipboard and tablet.
( Posted in: Aged Care )

Money doesn't grow on trees

Children certainly don’t come with an instruction manual. From the time they’re learning to crawl parents begin teaching their children about right and wrong, personal safety, manners and morals. Over time, children are taught about stranger-danger, healthy eating and personal accountability. Interestingly however, many Australian parents leave out one of the most important survival skills their children will need in the future - how to take care of themselves financially.

... read more

Money doesn't grow on trees
( Posted in: Wealth Management )

Budget Update 2019