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Sustainable Investing 101: A Beginner’s Guide

Australia is a trailblazer in the world of sustainable investing. Only recently, one survey found two-thirds of Australians said they’d consider investing in ethical companies or funds.

Based on environmental, social and governance (ESG) considerations, this area of financial planning is becoming ever popular.

So, how does sustainable investing work? Read on as we drill down into its importance and show you how you can join a growing club of like-minded sustainable investors.

Finance Planning, PAC Financial

How to get the most out of your meetings with your financial adviser

To get the most out of your financial adviser, be prepared. Gather all the current information you have about your financial circumstances (and your partner’s), including:

  • Income: wages, salary, interest, rental income, government benefits and dividends
  • Expenses: household budget and expenses (such as food, clothing, telephone, internet and council rates) and lifestyle expenses (such as gym memberships and annual holidays)
  • Assets: your home, car or other assets of value
  • Debts: mortgage, credit card and loan repayments
  • Investments: statements from shareholdings, other investments and bank accounts like term deposits
  • Insurance: life, total & permanent disability (TPD), trauma and income protection policies
  • Superannuation: annual statements from your fund
  • Estate plan: Will and power of attorney
  • Professional advisers: your accountant and solicitor
Advice, Finance Planning, PAC Financial, Uncategorized

Why We Often Argue About Our Finances

Being in a relationship comes with its pros and cons.

When single it’s me, myself and I making the decisions. There would be very few couples who claim they never argue – some might say that would be boring anyway. The real disputes occur when the arguments are about finances and if they occur too often, it can become stressful and draining.
Today we look at the three main reasons couples argue about their finances. And how seemingly ‘irreconcilable’ differences might be handled.

Budgeting, Debt Management, Finance Updates

Navigating the Era of Rising Interest Rates

If you have a mortgage, the mere mention of interest rates is enough to make your blood pressure go through the roof.

To an extent, overwhelming emotions in the current financial climate come from having a lack of control. An era of low, carefree mortgage rates would appear to be behind us, at least for the moment.

So, how can we mitigate the pressure that rising interest rates put on our financial future? Find out as we show you how to get clever in an attempt to turn interest rate hikes to your advantage.

Retirement Planning, Superannuation

How to Nail Your Retirement Number

When you’ve worked hard all your life it’s only natural to want a relaxed retirement, free from financial worry. Figuring out the cash you’ll need and how you’ll get to that magic number is fraught with complexity.

It’s never too early or too late to plan, so read on if it feels that time’s passing at lightning speed with the end of your working life within touching distance.

Find out how you can still make a difference to your retirement strategy with careful superannuation planning as part of a holistic approach to your financial future.

Age Pension, PAC Financial, Retirement Planning

Five Reasons Age Pension Applications Can Fail

Being entitled to an Age Pension doesn’t mean you’ll automatically receive your fortnightly payments from Day One of your retirement.

Being entitled doesn’t even mean your application will be successful. There are quite a few hurdles to overcome if you are planning, or in the midst of, an application. There are five main reasons why Age Pension applications can fail I would like to share how to avoid them.

Don’t double-declare your super and your income stream
Centrelink asset and income tests can seem complex. But one hard and fast rule is that you do need to declare (under assets) your superannuation account balance. Centrelink will then deem the amount this balance earns (see current deeming rates here ). What you don’t have to do is to declare the income you drawdown from your super, in the form of an Account-Based Pension or other type of income stream. Yes, this is income, but as Centrelink has already counted it (by deeming an income on your assets), it doesn’t do this twice. Many applicants are surprised to get a knockback due to failing the income test. Some shouldn’t fail it, but they have incorrectly declared income already taken into account.


Weathering the Storm: 5 Tips for Budgeting During Inflation

Inflation in Australia has been hovering at alarming levels with wages squeezed and prices soaring to levels that many millennials had never thought possible. The situation is deeply unsettling.

It’s a good opportunity to take stock and baton down the hatches so that we can all come out of the other side without incurring huge debts. Careful budgeting is going to be key. Read on for our top budgeting tips to help you secure the best financial future.

Federal Budget, Finance Updates, PAC Financial

Federal Budget Briefing 9th May 2023

On Tuesday 9th May, Labor handed down its second Budget for 2023-24. The announcements were concentrated around providing support to ease the cost of living.
Below are some of the key announcements from the Budget and how these might apply to you if they become law.

Disclaimer: These are currently announcements only; the successful implementation of the measures will require successful negotiation through the Senate where the Government does not hold a majority. The final version of these measures may differ from the current announcements.


How to Manage Your Debt in a Few Easy Steps

Survey after survey reveals that the national personal debt of the average Australian hovers at around the 50,000 dollar mark. Australia has one of the highest percentages of household debt compared to other countries with similar economies.

If you have spiralling debt, you’re not alone. The good news is you can always take action whatever your financial situation.

The first step for many of us is to get our heads out of the sand. Read on for the tips you need about debt management to secure a brighter financial future.

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