Super opportunity for first home buyers

Super opportunity for first home buyers June 2019 Eligible first home buyers can save for their deposit in the concessionally taxed superannuation system, using the First Home Super Saver Scheme (FHSSS or scheme). If you qualify, this scheme may help you accumulate a larger deposit when compared to saving outside super. Key dates Voluntary contributions […]
Read More

Downsizing your home has never been more tax effective

August 31, 2018 / by Altitude Wealth Management / Blog / 2 Comments
On July 1, 2018, new rules will commence which will allow those over age 65 to make contributions to super when they sell their home. These new rules will allow what is known as downsizer contributions. They may enable you to get more money into the tax-effective super environment but careful planning is required to […]
Read More

12 Facts of Christmas

December 18, 2017 / by Altitude Wealth Management / Blog / 0 Comments

As 2017 comes to a close, we all fall into holiday mode with Christmas & New Year’s just around the corner. Words of wisdom, thanks and optimism for 2018 are the ongoing communications that we are sure are taking place as we speak.

As we celebrate Christmas, many of you may or may not know the facts behind this celebration apart from the religious belief and aspect of the event. So, we thought it would be good to provide you the “12 Facts of Christmas” for you to share with your friends and loved ones –  wearing a paper crown while imparting this wisdom is optional.

  1. In AD 350 Pope Julius I proclaimed 25 December as the official celebration date for the birthday of Christ.
  2. Commissioned by Sir Henry Cole, the first Christmas card was invented in 1843 by British illustrator John Callcott Horsley. Hallmark introduced their first Christmas card in 1915.
  3. The first Christmas crackers were created by London sweet maker Tom Smith in 1847. Bonus fact: The largest cracker – 45.72m long and 3.04m in diameter – was pulled in Australia in 1991.
  4. Germans made the first artificial Christmas trees out of goose feathers dyed green. Tinsel was invented in 1610 in Germany and was once made of real silver. Apples were the first tree decorations. Bonus fact: According to the Guinness Book of Records, the tallest Christmas tree ever cut was a 221-foot Douglas fir.
  5. The tradition of Christmas stockings being hung by the chimney started when three girls who could not afford to marry as they had no dowry hung their stockings by the fire to dry. St Nicholas of Myra heard about the girls’ dilemma and dropped gold coins down the chimney and they fell into the stockings. Bonus fact: The largest Christmas stocking measured 32.56m long and 14.97m wide, weighed as much as five reindeer and held almost 1,000 presents.
  6. Saint Francis of Assisi introduced singing carols in a church in the 13th century.
  7. All the gifts in the ‘12 Days of Christmas’ would equal 364 gifts. The gifts actually refer to Catholic symbolism, for example “true love” means God, “a partridge in a pear tree” represents Christ, “two turtledoves” are the Old and New Testaments, “three French hens” stood for faith, hope and love, the “four calling birds” were the gospels of Matthew, Mark, Luke, and John.
  8. “Xmas” has been an abbreviation for Christmas (which is itself a contraction of Christ’s Mass) since the mid-1500s. “X” in Greek is the first letter of Christ.
  9. Irving Berlin wrote White Christmas in 1940 and Bing Crosby’s rendition has sold more than 100 million copies. Paul McCartney earns half a million dollars every year from his Wonderful Christmastime song.
  10. We Wish You a Merry Christmas was originally a threat – being sung loudly and repeatedly by crowds of rowdy servants demanding alcohol from their masters… or else – “We won’t go until we get some”.
  11. During the Christmas of 1914 (World War I), a truce was held between Germany and the UK. They decorated their shelters, exchanged gifts across no man’s land and played a game of football. During WWII, US playing card company Bicycle manufactured cards to give to all the POWs in Germany as Christmas presents – when the cards were soaked in water, they revealed an escape route.
  12. Visa cards are used 5,000-6,000 times every minute during the Christmas season and 28 sets of Lego are sold every second.

Once again, as another successful and enjoyable year comes to a close, we would like to thank all of our clients and their families for their support throughout the year. On behalf of all the staff Altitude Wealth Management, we hope you have had a wonderful 2017 and we are very much looking forward to a bright 2018 for all!

Looking to secure your future financials?

Contact Altitude Wealth Management today on (07) 4753 5777 or via email at townsville@altitudewm.com.au to speak with one of our friendly consultants on how you can secure your future.

Disclaimer

Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This article may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from a suitably qualified adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.

Financial Advisers; 10 Questions That Can Separate the Best from the Rest

December 11, 2017 / by Altitude Wealth Management / Blog / 0 Comments

It has been well documented that times in the financial industry are changing and financial advice as a profession has well become of age. There are more than 20,000 licensed financial advisers in Australia.

So where do you start? How do you sort the Bernie Madoffs from the Warren Buffets?

Difficult and complex decisions indeed. Luckily, we are here to help you select the right financial advisers for your requirements and to take you on your next financial journey through the 17 questions to ask your financial adviser. Now, utilising these won’t guarantee you the perfect adviser, but will reduce the odds of a dud.

  1. Will you always work in the client’s best interest?

This is not a problem for Australia’s financial planners as we are required, by law, to act in the best interests of our clients.

  1. Does anybody else ever pay you to advise me and, if so, do you earn more to recommend certain products or services?

It has been illegal to receive payment from the managers of funds recommended by a financial adviser since 2013. However, most advisers receive payments from the insurance products they recommend. In January 2018, advisers will receive the same commissions from insurers, and volume bonuses for channelling business to one particular insurer have been outlawed.

  1. Will you itemise all your fees and expenses in writing?

All fees should be transparent and disclosed in your Statement of Advice document. 

  1. Are your fees negotiable?

We believe that fees should not be negotiable as all clients should be charged by the same methodology. Existing clients should not subsidise new clients, nor should those with quality negotiating skills obtain favourable terms.

  1. Do you pay referral fees to generate new clients?

Many advisers pay referral fees to lawyers and accountants to refer new clients. Provided this is fully disclosed, there is no conflict. In our case, we don’t, and prefer to simply refer business to other like-minded professionals that we know, like and trust will put our clients best interest in front of theirs.

  1. Do you focus solely on investment management, or do you also advise on taxes, estates and retirement, budgeting and debt management, and insurance?

Some firms offer all these functions in-house, but the majority work with other professionals (such as estate planning lawyers and accountants). No issue, again provided all relationships are disclosed.

  1. How do you report investment performance?

All investment returns (after fees) should be available anytime over any period, and should also be benchmarked.

  1. Which professional credentials should your financial planner have?

The CFP is the gold standard in Australia. It doesn’t guarantee great advice, but it reduces the odds of engaging a dud. In our case, we advise clients to seek advice from advisers that hold or are working towards either a Masters in Financial Planning, becoming a Certified Financial Planner or Fellow Chartered Financial Practioner. You can be more confident in these advisers as they have invested considerable amounts time and money in their education for a long-term career in financial planning.

  1. Who is your ideal client?

If the response sounds like ‘’everyone’, it might be best to move on. Advisers are increasingly specialising. This is a good thing!

  1. Can you provide me with testimonials from clients in a similar situation?

Always ask for this. We would recommend looking at Adviser Ratings. It contains testimonials from the adviser’s clients and a rating.

It is evident filtering and selecting the right financial adviser for you is a significant decision. At Altitude Wealth Management, our mission is simple; we enhance the lives of our clients by providing clarity and structure in managing their overall financial position towards retirement.

Our clients have partnered with our team of experienced and qualified financial planning professionals endeavour to ensure they achieve their financial and life goals.

Looking to secure your future financials?

Contact Altitude Wealth Management today on (07) 4753 5777 or via email at townsville@altitudewm.com.au to speak with one of our friendly consultants on how you can secure your future.

Disclaimer

Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This article may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from a suitably qualified adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.

Downsizing in Retirement : downsize your lifestyle – not your life

July 28, 2017 / by Marketing / Blog / 0 Comments
By the time you retire, you have probably collected a considerable amount of home equity and downsizing can be a way to tap into that valuable cash. When your kids left home you probably had big plans for those unoccupied bedrooms – like the art studio you’ve always wanted, a sewing room or a play […]
Read More
LOADING