Why Young People Should Care About Super

Why Young People Should Care About Super

Forty percent (40%!!) of young people have no idea what their super balance is and a further 16% only have a ‘vague idea’, according to ASFA.  This is concerning when you consider that for many of us, what’s in our super is probably a lot more than what's in our bank account!

Can I choose who receives my superannuation when I die?

Can I choose who receives my superannuation when I die?

The short answer is yes, but the legal answer is ‘it depends’.  Superannuation can't be included in your Will unless you've given your super fund specific instructions first.  To ensure your super will be included in your estate, you must nominate a beneficiary directly with your fund.

GUEST POST: The Curse of the Homemade Will

GUEST POST: The Curse of the Homemade Will

A Will is one of the most important documents a person can make… doesn’t it make sense to get it right?  Many people try to save money by preparing a ‘homemade’ Will or using a ‘Will Kit’ purchased from the local Newsagent or Post Office.  Chris Sheath, of Chris Sheath & Associates, is an Accredited Specialist in Succession Law (Wills and Estates) and knows that these kinds of Wills often lead to expensive legal battles.

BACK to BASICS: What does insurance cost?

BACK to BASICS: What does insurance cost?

If you had a machine that gave you $4,000 a month, would you protect it? For many of us, that machine is you. So when talking about the cost of insurance, it is often helpful to think about how much you (and your wage) are worth over the course of your working life.

Are you ready to Level up your Financial Status!

Toowoomba Financial Planners
  • F: (07) 4641 7497
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  • Suite 2/470 Ruthven Street,
    Toowoomba QLD 4350
  • ABN: 32 164 822 333
Corporate Authorised Representative of Magnitude Group Pty Ltd ABN 54 086 266 202, AFSL 221557. Christopher Black is an Authorised Representative of Magnitude Group Pty Ltd and may offer you services through Fortress Financial Solutions Pty Ltd. Magnitude is only responsible for the financial planning services provided by Christopher Black. This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.
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