If your residential property was vacant in 2024 calendar year in Victoria, you may be subject to vacant residential land tax. What’s more, if you have yet to notify the State Revenue Office, you must by 15 January, otherwise you may be subject to penalty taxes. If you have already made a notification, you only…
Superannuation Returns for 2024: Why It’s About More Than Just Numbers
The superannuation sector is celebrating strong 2024 returns, with balanced funds achieving a median return of 11.5%, and TAG Financial Services outperforming with over 13% in its balanced portfolios. In this article, TAG Director Michelle Griffiths emphasises the importance of holistic financial strategies, offering tailored solutions for clarity, security, and long-term confidence beyond mere investment returns.
Best of 2024: The 5 Blogs Everyone’s Talking About
Our goal at TAG Financial Services is to always to keep you informed and empowered, offering the latest financial tips, strategies, and updates to help you navigate your financial journey with confidence. Here are our top five standout blogs of 2024.
September Quarter – Quarterly Economic and Market Update
As the global economy continues to navigate a complex web of challenges and opportunities, emerging markets remain at the forefront of economic transformation. In this quarterly review, we analyse the key events and trends that shaped the past three months – from shifting policy landscapes to market performance highlights.
What the re-election of Donald Trump means for the Australian economy and investors
The re-election of Donald Trump as U.S. President last week has notable implications for the Australian economy, primarily due to his policies on trade, tax cuts, deregulation, immigration, and climate change. Dr Shane Oliver, Head of Investment Strategy and Economics and Chief Economist, AMP Investments, issued an analysis on the topic.
Only 30% of Australians can afford a ‘comfortable’ retirement, where do you stand?
New research from the Association of Superannuation Funds of Australia (ASFA) outlines only 30% of Australians can afford a ‘comfortable’ retirement as defined by ASFA’s ‘Comfortable Retirement Standard’.
Asset threshold changes are here – are you now eligible for the aged pension?
Last month, increases were made to the Age Pension asset threshold limits as a result of CPI, allowing individuals to hold slightly more assets before their pension payments would be affected.
Plan for Your Future with the TAG Wealth Projections Tool
When it comes to managing your finances, the questions can be endless. We have the most powerful way to start finding the answers to these pressing questions – our Wealth Projections Tool.
2024-25 Federal Budget – Businesses | Individuals | Superannuation
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget on 14 May 2024. The following provides the key points in relation to business, individuals and superannuation.
The ATO’s role in SMSF investment strategy
Michelle Griffiths, our Investment Advice & Wealth Partner was recently quoted in Self Managed Super magazine. The article highlights the ATO’s role in assessing whether a SMSF investment strategy is appropriate.
Investor Update: Tech Bubble or Brillance?
In 2023, overseas share markets performed wonderfully well. The US stock markets (which represents around 50% of all developed markets) returned around 24%.
Why it’s critical to get advice when starting a pension
Your clients have worked hard throughout their lives and are now ready to retire – and it’s time to transition to a pension. There is a myriad of considerations that lie ‘under the iceberg’ that often get missed- it is vital that all areas are considered, to ensure your clients get the most out of their retirement.