News

On our news page, you will find the latest financial news, valuable insights and new ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Understanding Downsizer Contributions

By David Lloyd
In the May 2017 Federal Budget announcement, new legislation was introduced whereby those aged 65 and over will be able to contribute an additional $300,000 into their superannuation upon the sale of their primary residence. These payments are referred to as ‘downsizer’ contributions...

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Understanding The First Home Super Saver Scheme

By Alec Berry
With housing affordability becoming increasingly challenging, many first home buyers are trying to best manage their path to the goal of owning property. To assist with these efforts, starting on 1 July 2017 a new initiative was introduced for Australians looking at getting themselves into the property market.

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The last taboo

By John Barton
It wasn’t that long ago that most us considered religion, money, sex, politics and death pretty much off-limits when it came to polite conversation. They were no-go topics almost everywhere. Today, most of us talk fairly openly about all these subjects – all bar one that is. The exception for most of us is money!

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Making sure control of your SMSF falls into the right hands

By Andrew Albury
There are a number of important elements that, when planned, implemented and reviewed correctly and regularly, work together to make a self-managed superannuation fund (SMSF) operate successfully. One of the most critical, and often overlooked, of these, is succession planning.

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Smart money options for the New Year

By Alec Berry
The investment return outlook is relatively subdued for the next five years following a strong post-GFC rally. This means that now might be an ideal time to take advantage of alternative strategies available to you. So, before diving into 2018 and investing in riskier investments in the hope of gaining those higher returns, now is a good time to consider what other options you have on the table.

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Bitcoin: an asset or a currency?

By Stephen Furness
For the past few months, Bitcoin has been the word playing on everyone’s lips. Despite being around for several years now, it has exploded in popularity across the globe. It seems to be everywhere – in the media, on blogs, creeping into everyday conversations. But what is it exactly and is it worth all the hype?

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MGD appoints new Director of Social Investment and Philanthropy

Boutique Brisbane-based financial services firm MGD has welcomed Mark Herbertt, PhD, to its firm as Director of Social Investment and Philanthropy.

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How much is enough?

By Andrew Albury
Life expectancies are increasing. Interest rates are sitting at historic lows, and look like they’ll stay there for some time yet. Many retirees rely on investment income to fund their retirement years. However, the current low return environment means retirement savings have to stretch further than ever before and the income provided by today’s low yields may not be enough. So how much is enough?

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Comfortable ignorance or an inconvenient truth?

By John Barton
Wealth and health are two topics that many of us flat-out prefer a comfortable level of ignorance compared to the often inconvenient, and sometimes confronting, truth. Most of us tend to avoid, put off and defer the assessments and actions that will actually get us where we want to get. However, getting there will, in most cases, require a level of inconvenience – and many of us simply prefer the comfort of assuming all will be well rather than face a little inconvenience along the way.

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MGD Directors receive prestigious Paul Harris Fellow

MGD Directors, Stephen Furness and Andrew Albury, have received the Paul Harris Fellow, one of The Rotary Foundation’s highest honours and most prestigious community awards. The Paul Harris Fellow is a tribute to an individual whose life demonstrates a shared purpose with the objectives of the Rotary Foundation and recognises exemplary work in community service or a substantial donation to the Foundation.

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Don’t forget about Small Business CGT Concessions

By David Lloyd
We’re now a few months into the 2017-18 financial year and the much-discussed superannuation reforms have now been implemented, the most significant of which is the $1.6 million cap on all new and existing pension accounts. However, something we thought it worth touching on which may have been overlooked in the midst of all the changes is the use of Small Business CGT Concessions.

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Protecting yourself while helping your adult children

By John Barton
As parents, much of our time, energy and money is directed towards ensuring our children have the best possible start in life, as well as providing them with the means to become productive members of society. However, as our children become adults and begin their own families, the focus tends to shift to securing our own retirement...

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The collapse of Nant Whisky – a cautionary tale for investors

By John Barton
“Investors losing millions of dollars, bar staff taking cash from the till just to get paid and a former cricketer dropping out of a high-profile marketing deal” ... Sounds like the beginnings of a financial catastrophe, doesn’t it? That’s because it is.

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MGD Director shortlisted for prestigious SMSF Award

MGD Director Andrew Albury has been shortlisted as one of nine finalists in the SMSF Adviser of the Year category of the Queensland 2017 SMSF and Accounting Awards. The Awards recognise individuals and businesses that are making their mark in SMSF and accounting advice by championing professionalism, quality advice and innovation...

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Five Money Tips for Young Professionals

By Alec Berry
We understand that as a young professional, you’re juggling a number of competing priorities, and that it can be difficult finding the time or headspace to think about your financial future. However, with age on your side, you are in a powerful position. We've shared five considerations to help get you started in building the foundations for your financial future...

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What happens to SMSFs if members go overseas?

By David Lloyd
While living and working abroad can be an attractive option, there are a number of things to take into consideration beforehand. This includes SMSF compliance.

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10 super and tax planning tips for end of financial year

By Renee Black
Here we share ten superannuation and taxation planning strategies you may want to consider in order to boost your retirement savings, maximise Government entitlements, avoid potential penalties and ultimately, reduce your tax payable before end of financial year.

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