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Answers to Frequently Asked Financial Questions

Generally, holding your Life and Total and Permanent Disability insurance through superannuation is appropriate for most people’s situations. However, Income Protection through superannuation has additional restrictions due to a policy having to meet a “Temporary Incapacity Condition of Release” under Superannuation legislation. This condition limits the features of any Income
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Yes. I offer hourly consultations where you can get an independent review of your financial situation, a second opinion or help with a specific decision. Contact us to book in an appointment in person, by video or on the phone.

Yes. I have an arrangement with Macquarie where the commission that’s automatically paid on your Cash Management Account can be rebated directly back to your CMA. Contact me if you have a Macquarie Bank CMA.

Most people shouldn’t being paying $1,000’s p.a. for ongoing advice from their financial planner. If you have a portfolio of managed funds held within a wrap or master trust, then your financial planner is unlikely to be able to justify charging more than $1,000-$3,000 p.a. for their ongoing support (including
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Many financial planners use a complex projection to work out how much you need in retirement. The reality is, the more complex the calculation, the more likely it is to be wrong. The effect of assuming franking credits within your super fund pales compared to getting the inflation rate wrong
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No. Think about it like this: if you bought insurance or took out a mortgage, then you entered into a contract to purchase a financial product that pays an ongoing fee to an adviser. Unfortunately, you can’t just call the bank and switch it off. And before you cry foul,
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Unfortunately, no.  It is not possible for your lender to transfer trailing commission to a different mortgage broker than the one who set up your loan. Fortunately, an independent mortgage broker who is willing to repay commission can advise you the total costs in getting out of your current mortgage
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Typical trailing commission rates paid to your mortgage broker, insurance agent and financial planner: Mortgage 0.15 – 0.20% of the value of your mortgage Insurance 0.11 – 0.30% of the value of your premiums Superannuation and Investment Funds 0.40 – 0.60% of the balance of your super or investment funds
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Trailing commissions are ongoing payments made to mortgage brokers, insurance agents and financial planners for setting up your mortgage, insurance or superannuation and investments. This trailing commission is paid from your mortgage repayments, insurance premiums and ongoing management fees within your superannuation and investment funds. Ultimately, this is a cost
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Think about this: if you have ever received advice and not paid directly for it, your adviser is probably relying on commission to cover the costs of that advice and make a living. The trailing commission is supposed to cover the costs for your broker or adviser to provide you with ongoing support.  Unfortunately, that
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