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Welcome to 2021!

We start our first newsletter this year with a look at the latest domestic monthly banking statistics that show as at the end of October, Australian households collectively had $1.1 trillion deposited in savings account products. What does this mean for investors and retirees?

Do you know that the investments held in your superannuation fund do not form part of your estate when you pass? That means they cannot be dealt with by your will. We provide more information in our second article.

For small business owners, please read our article on financial literacy - an important ingredient in your recipe for growth.

We include a discussion on contents insurance and finish with some great recipes for your summer barbeques.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on 03 95039604 or email darryl@choicefinancialadvice.com.au
 
Kind regards,
 
Darryl Jopling

Low interest: Australia's $1 trillion cash pool

The Reserve Bank's decision this month to cut the official interest rate to a record low 0.1 per cent was another wake-up call for Australians heavily reliant on income from savings, especially many retirees.

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Estate planning and superannuation

For most people, estate planning involves simply creating a will. While this is an important first step, sometimes having just a will is not enough when it comes to your investments. Many overlook the role of superannuation in the estate planning process.

Read full article >>

Financial literacy: Why it’s important and how we can all improve

More than most, small business owners are responsible for ‘knowing their numbers’. But what happens when financial literacy is variable across the board?

Read full article >>

Contents insurance: Protect the things you value in your home

Contents insurance covers your household items and personal belongings if they're damaged, lost or stolen.

Read full article >>

Sizzling summer BBQ recipes

Summer and BBQs make an irresistible combo.

And for cooking inspo beyond ordinary, check out these delicious dishes courtesy of our friends at Weber.

Read full article >>