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.

Salary sacrificing - not such a sacrifice

Growing wealth concept. Growing plants with coin piles

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

( Posted in: Superannuation )

ATO diversification probe may cause audit headaches

Business people going through graphs

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

( Posted in: Superannuation )

First steps to building your wealth

building wealth concept. Figures constructing coin towers.

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

( Posted in: Financial Planning )

Second marriage - what are the estate planning implications?

middle aged couple getting married

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

( Posted in: Estate Planning )

Going overseas? Don't forget to tell Centrelink

Retired couple exploring Spain

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

( Posted in: Centrelink )

What is the value of an Adviser?

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

( Posted in: General Finance )

Make the right retirement living choice

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

( Posted in: Aged Care )

Further Information

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

( Posted in: General Finance )

Investing for children

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

( Posted in: Investments )

An exciting new development

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

( Posted in: General Finance )

Uncovering the mystery of tax on super

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

( Posted in: Superannuation )

Smart ways to give

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

( Posted in: Philanthropy )

Mythbusting insurance

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

( Posted in: Insurance )

Choosing a financial planner

Choosing a financial planner

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 a on your financial plan, the better.

... read more

( Posted in: Financial Planning )

Can your Will be challenged?

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

( Posted in: Estate Planning )

How to find the right financial adviser for you

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

( Posted in: General Finance )

Is debt ruling your life?

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

( Posted in: Budgeting )

Going overseas? Don't forget to tell Centrelink

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

( Posted in: Centrelink )

Aged care - part of your plan

Woman helping senior man with finances on clipboard and tablet.

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

( Posted in: Aged Care )

Money doesn't grow on trees

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

( Posted in: Investments )

Spotlight on SMSFs

Spotlight on SMSFs

Australians who want greater control of how their retirement savings are invested are increasingly exploring the option of setting up their own self-managed super fund (SMSF). The freedom of putting yourself in the driver’s seat for your super has made SMSFs the fastest growing sector of the super industry.

... read more

( Posted in: Superannuation )

Banking Royal Commission

Banking Royal Commission

We at knp Financial Services welcome the public release of the Royal Commission’s Final Report and we are currently undertaking a thorough review of its recommendations and how this may impact you. 

... read more

New job resolutions

New job resolutions

Birthdays and new years are great times for making lifestyle changes, however, for resolutions affecting your financial health, there’s often no better time than when starting a new job.

... read more

What really influences interest rates?

What really influences interest rates?

Interest rates are very important for many Australians, and rightly so – after all, whether it's the returns on savings accounts or mortgage repayments, the rate of the day can have a significant impact on the household budget for millions of Australians. So what influences interest rates, and why are they changed?

... read more

Budget Update 2019