The COVID-19 pandemic has significantly impacted the superannuation savings of most Australians. Firstly, the economic downturn resulted in investment markets heading south. Asset values have fallen, so superannuation balances have fallen, impacting both people saving for retirement and current retirees.  The second trigger is the ability for Australians to withdraw up to $10,000 of their […]

Financial planning is a lifelong endeavour, and it is important to be putting in place the strategies that suit your lifestyle, but with one eye on the future. As you move through different life stages, your resources and risk tolerance will change. Saving for your retirement looks very different at age 30 compared to age […]

As one of the most frequently asked questions. The answer is reliant on multiple components. In order to determine the answer, your financial adviser will need to ask you questions such as “what is your next asset position now? Do you have the ability to saved to add to your retirement capital? What investment return […]

Now the new financial year has started, many are still unaware of the new changes to Perth Superannuation. For the 2020/21 financial year there are two main changes: 1) the removal of the work test for anyone aged 66 and 67 years old who make personal non-concessional contributions 2) a spouse contribution extension to those […]

Your retirement strategy is a key element of your overall financial plans. Ultimately, the answer to the perennial “when can I retire?” question requires a thorough assessment of your particular financial position, your ongoing financial responsibilities and your personal goals for retirement. There is no simple “one-size-fits-all” answer to a complicated set of questions with […]

With the outlook for Brexit still remaining unclear after the UK Prime Minister Boris Johnson suffered several new setbacks last week. On Monday, Parliament’s rejected for the second time in a week his plan for a snap election. Bearing this in mind, now may be the time to look at maximising and topping up and […]

A comprehensive, detailed estate plan is an essential component of the effective management of your personal affairs. A good estate plan documents your wishes for the distribution of your assets after your death and an action plan and structure to enable the effective execution of those requirements. An effective estate planning process can provide peace […]

Worked in the UK? With the outlook for Brexit still remaining unclear after the UK Prime Minister Boris Johnson suffered several new setbacks last week.  On Monday, Parliament’s rejected for the second time in a week his plan for a snap election.  Bearing this in mind, now may be the time to look at maximining […]

Kensington Wealth believes all Australians should have a retirement plan. This becomes all the more crucial if you’ve passed the milestone of your 50th birthday. Naturally enough, you’re seeking a comfortable retirement that will allow you to live the lifestyle you desire and still maintain a robust financial position for protection against any unexpected situations, […]

There are changes that have occurred regarding individuals being able to purchase back previous National Insurance credits to maximise and increase their current entitlement to a UK State Pension. The new weekly UK National Insurance (voluntary) contribution rates for 2019/2020 are Class 2 – £3.00 and Class 3 – £15.00.  The British System now allows […]

The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer. The more the better may seem to be an obvious response, but then again each one of us lucky enough to reach the brink of those golden years will feel a […]