BMG Financial Planning and Accounting Albury Wodonga

November 2019

Retirement pillars | Wealth transfer | Asset classes | Buy now, pay later | Super guarantee

In this month’s newsletter, we begin with an overview of Australia’s three-pillar retirement income system, and what this may mean for your retirement planning. Our animation illustrates intergenerational wealth transfer, and several of the important considerations that often go with this. When investing for the future, it’s important to have an understanding of the different types of asset classes; we explore this further. The uptake by consumers of ‘buy now, receive now, pay later’ services continues to rise; we look at a review of these services. Lastly, we leave you with a funny video of Mr Bean heading off to work as a segue to discuss some new employment-related legislation, which may be of interest if you have multiple employers.

Also, in last month’s newsletter, we showcased our estate planning crossword. We hope you enjoyed it. You can find out how you went with the answers provided in this month’s newsletter.

Australia’s three-pillar retirement income system

In retirement, you may find your retirement lifestyle being funded by a variety of different sources. In this article, we provide an overview of Australia’s three-pillar retirement income system.

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Intergenerational wealth transfer

Upon your passing, an intergenerational wealth transfer may occur; the transfer of your wealth to the next generation. In this animation, we illustrate important considerations regarding this event.

Launch Video

Investing: The different types of asset classes

When investing for the future, it’s important to understand the different types of asset classes (i.e. cash, fixed interest, property and shares). In this article, we explore asset classes further.

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The rise of ‘buy now, receive now, pay later’ services

There continues to be a rise in the uptake by consumers of ‘buy now, receive now, pay later’ services offered by providers (e.g. Afterpay). In this article, we unpack the review of these services.

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High-income and multiple employers?

Are you a high-income earner with multiple employers? A bill that recently became law may be of interest to you. In this funny video, Mr Bean shows us how to not head off to work in the morning.

Launch Video