Archive for year: 2023

While life insurance extends beyond its primary role of providing a financial safety net; it also harbours the potential to be leveraged as a versatile tool for wealth accumulation and strategic financial planning.

Owning investment property in Australia is a fantastic way to build wealth. But let's face it, capital gains tax (CGT) can put a serious dent in your profits when it's time to sell.

In this blog post, we'll unveil the secrets of how millionaires use life insurance to build wealth.

How do you turn retirement dream into a reality? The answer lies in the power of planning, and the sooner you start, the better.

In this comprehensive guide, we will delve into the world of super funds, equipping you with the knowledge and tools to make a well-informed decision about your retirement savings.

As an Australian retiree, you've likely accumulated a sizeable amount in your superannuation fund over the years. However, there are a few things you need to understand about how super income streams affect your pension.

Before diving headfirst into the SMSF pool, it’s crucial to understand the nuts and bolts of how it operates.

Retirement ought to be a time of peace and financial stability, yet the volatility of investment markets and the looming threat of recession can cast a shadow of uncertainty on this phase of life.

For many Australians, the dream of homeownership represents stability, a place to call your own, and a significant milestone in life.

Setting a financial foundation early on is pivotal to ensuring our children lead prosperous and stress-free financial lives.

In today's ever-evolving economic landscape, preparing for retirement is paramount. At Wealth Factory, we firmly believe that retirement should be more than just an end to your working life.

So, you're wondering how to choose a financial adviser?  When it comes to managing your finances and planning for the future, a financial advisor can be an invaluable partner. However, choosing the right financial advisor is a critical decision…

In this blog post, we're going to dive deep into the world of the First Home Super Saver scheme and explore whether it's truly worth your while.

In this blog post, we'll explore factors that influence your retirement decision, from your health and financial stability to your personal aspirations.

In this blog post, we're going to take you on a journey through the ins and outs of portfolio rebalancing.

In this blog post, we'll walk you through the essential information you need to know about winding up an SMSF.

In today's rapidly changing world, sustainable investing has emerged as a powerful approach to aligning financial goals with positive environmental and social impact. If you've ever wondered what sustainable investing is all about, you're in the right place. 

Are you planning to sell a property in Australia? If so, it's essential to be aware of capital gains tax (CGT) and how it can impact your financial outcome. 

In this blog post, we will delve into the topic of retiring and returning to work in Australia. We will address several key questions to help you gain a better understanding of this evolving trend.

In this blog post, we will explain what franking credits are and provide a detailed look into how they're calculated in Australia. Read on to learn more about this important tax incentive and start taking advantage of the maximum savings you can get with your investments!

Are you considering splitting contributions to your superannuation fund with a spouse? With the complexity of Australian tax and superannuation laws, it can be difficult to understand how spouse contribution and contribution splitting works in Australia. 

In this blog post, we will talk about re-contribution strategy for super so that you can get started on making an informed decision about your financial future. Keep reading to find out more!

In this blog post, we’ll be taking a look at where to invest your money in order to get good returns. We’ll dive into which investment types offer the best yields and safety measures, as well as which ones tend to bring higher levels of risk. 

In this blog post, we'll discuss how working with a trusted professional can help support your long-term financial objectives. 

In this blog post, we’ll discuss how to effectively use various avenues of creating wealth in Australia today such as investing, saving and budgeting as well as dealing with debt management issues. 

Read on to learn all about negative gearing – a concept that can be a great way to minimise taxable income. Discover and understand what is involved, who qualifies for these deductions, and how they could potentially work in your favour.

If you employ casual staff in Australia, there are important legal requirements you need to look out for. It’s your responsibility as an employer to understand and fulfil your obligations when it comes to superannuation payments.

This blog post outlines everything you need to know about how to get out of debt in Australia – from strategies for managing money more efficiently all the way through consolidating existing loans.

In this guide, we'll explore this topic and explain why they're important so that when it comes time to make investment decisions, you have all the information needed to make an informed decision.

This blog post will explain what trauma insurance covers, who should consider it and tips on how best to get the right coverage tailored specifically for your needs.  Read on to learn more about one of Australia's key life insurance products meant exclusively for individuals affected by critical illnesses or injuries!

Setting up an SMSF isn't as easy at it might sound. This blog post will summarise the key steps involved including necessary documents, starting payments, and overall costs.

This blog post aims to provide clarity on how much you can contribute annually or over a lifetime towards your super balance in order to maximise your retirement savings and reap all the benefits that come with being a savvy investor! Keep reading to find out more!

In Australia, it's actually possible to use your super fund to purchase property. But before we dig into how this works and the benefits involved - let's explore exactly what constitutes 'superannuation' in Australia.

Transition to retirement strategies can be an important tool for anyone close to retirement. It refers to the process of shifting from full-time work life towards semi-retirement while also taking advantage of particular tax benefits.

In this blog post, our team will explain what an allocated pension is, why it matters when claiming the age pension, and how both are taxed in Australia. We even provide some top tips on getting maximum benefit from these pensions.

Understanding the world of money and superannuation can be a difficult task, especially when it comes to understanding where your hard-earned savings stand. So, is superannuation an asset? It's understandable to feel overwhelmed by all the financial terms, but don't worry - we're here to break down everything you need to know.