Smith Wealth Smith Wealth

The Wealth Blog

Economic Update

Evolving markets and policies Despite the continued mixed global economic outlook, things are looking better into 2014, according to Stephen Halmarick. In October 2013, the IMF revised the growth forecast to 2.9% this year and 3.6% in 2014. This isn’t disastrous, but definitely below trend according to Stephen Halmarick, Head […]

The types of life insurance

——– Although people generally think of life insurance as just that – insurance which covers your life in the event of death – there are actually several types of life insurance policies: 1. Life Insurance – pays a lump sum on your death or the diagnosis of a terminal illness. […]

730,000 ‘unclaimed’ super accounts seized by ATO

THE federal government has booked a massive $740 million windfall after seizing control of 730,000 “unclaimed” superannuation accounts. The Australian Taxation Office took control of $1.2 billion of super funds in the year to June – up from $141m the year before – under budget-boosting laws brought in under Labor […]

TFN – Why your tax file number is important

— Another number that’s as important throughout your life as your birthdate is your tax file number (TFN). Your TFN is the one, unique number, which links all your investments, superannuation and taxation to your identity. Assigned to you by the Taxation Commissioner, it applies for the rest of your […]

Aged Care – Save Thousands with the Right Advice!!

— Australia has an ageing population and as a result we are receiving an increasing number of requests for advice on aged care issues. Sadly in some cases by the time we are consulted some poor decisions have already been made, which has cost families thousands of dollars that could […]