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Welcome to the November 2024 Edition of the BFG Report Warning signs: five ways scammers lure investors Lured by too-good-to-be-true investment opportunities or under pressure from fake fraud report calls, more than 600,000 Australians reported a scam in 2023, collectively losing over $2.74 billion. Scammers use advanced technology and social engineering tactics to create completely believable…
Grandparent economy: Bank of nan and pop funds homes, school, holidays A family tragedy led Dick Kirby, 86, to give money to his granddaughter a few years ago. Michelle Bowes and Lucy Dean Sep 13, 2024 – 5.36pm Having bought a fixer-upper in the NSW seaside town of Narooma, her tradesman partner died unexpectedly, leaving her in her early…
What to do with a six-figure redundancy payout Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances. Duncan Hughes Reporter Sep 6, 2024 Chrystal Dias rebounded from being made redundant from her marketing job in…
Welcome to the August 2024 Edition of the BFG Report Top 5 Estate Planning Mistakes Estate planning doesn’t have to be a complex process. In fact, it’s usually fairly straight forward. However, there are some common pitfalls you should avoid. Not doing it The most common mistake is not creating an Estate Plan.…
The four biggest mistakes downsizers make, according to this expert A financial planner and decluttering expert suggest the best ways to getting started on a big move later in life. Penny Wise Jun 13, 2024 – 5.00am Q: Dear Ms Wise, I’m 63 and starting to see many of my friends and neighbourhood connections downsize. A…
Welcome to the May 2024 Edition of the BFG Report The 2024 Federal Budget The 2024 Federal Budget provides cost of living relief through 1 July tax cuts, lower power bills, higher welfare payments and support for small businesses. Note: These changes are proposals only and may or may not be made law. Cost…
Shared bank account drives me nuts because she spends more A couple seeks help in accommodating different spending needs without breaking the family budget. Penny Wise Feb 14, 2024 – 5.00am Q: My wife spends more than I do and while we can afford it, it drives me nuts. We have shared bank accounts, and…
Knowledge test needed for ‘sophisticated investors’: advisers Financial advisers say moves to make it harder for Australians to qualify as sophisticated investors will help protect them from financial loss, but knowledge tests or proof of returns should also be considered to ensure would-be investors understand what they’re investing in. Lucy Dean and Duncan Hughes Jan 15, 2024…
The free budgeting tool financial advisers swear by Don’t spend more than 1pc of your income without sleeping on it, set realistic goals and be prepared to falter – here’s how to take control of your money. Lucy Dean Wealth reporter Jan 8, 2024 – 5.00am After a year of higher interest rates and inflation-triggered cost of…
How this former Socceroo invests for his kids An initial gift of $2000 with an extra $100 a month can mean a 21st birthday gift of almost $40,000 in today’s money. Louis White Dec 19, 2023 – 5.00am As a former professional footballer, Bruce Djite was known for taking the opportunity when it presented…
Welcome to the November 2023 Edition of the BFG Report Don’t miss out on the Energy Rebates! Hold a Commonwealth Seniors Health Card (CSHC)? Receiving a Family Tax Benefit? Then you may be eligible for energy rebates. While the payments vary from State to State, in NSW CSHC holders may receive up to $700 per…
Help! Maternity leave is messing with our financial power balance Money conversations should occur well before the baby arrives and you become a sleep-deprived mess. Penny Wise Nov 29, 2023 – 5.00am Dear Ms Wise, I earn good money but am on maternity leave and feel like I have to ask my partner for an…
Welcome to the August 2023 Edition of the BFG Report Child Investments Parents and grandparents may wish to set aside savings for their children or grandchildren for various reasons, such as education or a deposit for a home. Before investing money for a child, it is important to understand who will be responsible for paying…
Australians are paying more than ever for their special day despite weddings getting smaller. And often, the Bank of Mum and Dad is stepping in. Lucy Dean Wealth reporter Jul 21, 2023 – 5.09pm Nikki Gavrila wanted a seaside wedding, so she and partner Mihai cut costs by using their favourite café as the venue,…
Welcome to the May 2023 Edition of the BFG Report Federal Budget The 2023 Federal Budget focuses on providing cost of living relief through lower power bills, higher welfare payments and more support for small businesses and housing. Note: These changes are proposals only and may or may not be made law. Cost of living …
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Fauziah Ibrahim and Johanna Nicholson to discuss the week’s key business and financial issues
This savings mistake is probably costing you thousands Lucy Dean Wealth reporter Feb 10, 2023 – 1.33pm The RBA’s rate hikes have been painful for borrowers, but clever savers can earn much more on their deposits. Click the link below to read the full article. This savings mistake is probably costing you thousands. Follow us:…
Welcome to the February 2023 Edition of the BFG Report Capital Gains Tax Explained Capital gains tax (CGT) is the tax you pay on profits from selling assets, such as property and shares. Assets acquired before 20 September 1985 are exempt from CGT. You report capital gains and capital losses in your income tax return…
The property market downturn is poised to wipe billions off the value off self-managed superannuation funds, with financial advisors warning savers to brace for a tough year ahead. Michael Read Reporter Jan 13, 2023 – 1.19pm CoreLogic revealed this week that Australian house prices had posted their largest fall on record, plummeting 8.4 per cent since peaking…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with David Chau to discuss the week’s key business and financial issues
Welcome to the October 2022 Edition of the BFG Report Federal Budget Summary Personal taxation No changes to personal income tax including: no changes to the Stage 3 tax cuts which will take effect from 1 July 2024, and no extension of the Low and Middle Income Tax Offset, which ended 30 June 2022.…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with David Chau to discuss the week’s key business and financial issues
With mortgage rates expected to hit 5.5 per cent, homeowners need to decide whether to pay down their mortgage, tip money into super or invest outside super. Michael Read Reporter Oct 7, 2022 – 5.00am As Australians grapple with the most aggressive rate-increasing cycle in decades, experts say it’s time for savers to reassess where…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with David Chau to discuss the week’s key business and financial issues
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the week’s key business and financial issues
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the week’s key business and financial issues
Welcome to the June 2022 Edition of the BFG Report First Home Super Saver scheme – how does it work? From 1 July 2022, if you’re a first home buyer you can release up to $50,000 (up from $30,000) from your voluntary super contributions to help you buy your first home. Under the scheme, voluntary concessional and…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Fauziah Ibrahim and Johanna Nicholson to discuss tax time tips.
How much better off will you be when mandatory super increases to 10.5 per cent from July? We show how to make the most of your options and how much you’ll need. Michael Read Reporter Jun 9, 2022 – 5.00am Workers’ retirement savings will get a boost from July 1 when the superannuation guarantee…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Fauziah Ibrahim and Dan Bourchier to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Welcome to the March 2022 Edition of the BFG Report Important Super Changes Pass Both Houses The Treasury Laws Amendment (Enhancing Superannuation for Australians and Helping Australian Businesses Invest) Bill 2021 has passed both Houses and awaits Royal Assent. The following measures become effective from 1 July 2022 and will: Extend non-concessional contributions bring forward rule…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with David Chau, Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Tempted to tie the financial knot on Valentine’s Day? While accountability and a regular investment plan can boost savings and security, read these tips first. Duncan Hughes Reporter Feb 11, 2022 – 5.00am The number of couples sharing their finances by running joint savings and investment accounts has doubled over the last 12 months. Stockspot,…
How to survive a market crash Michael Read Reporter Feb 11, 2022 Think you can time getting in and out of equities to stay ahead? Here’s why the experts say you’re wrong. With a rocky start to the year for global sharemarkets amid fears of looming interest rate hikes, the spread of the omicron variant and…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Dan Bourchier to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Welcome to the 2021 Summer Edition of the BFG Report What happens to your social media when you’re gone? In today’s digital age, over 80% of Australians own a social media account. But what happens to these accounts when we die? Facebook allows users to appoint what is called a ‘Legacy Contact’ under their memorialisation settings during…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
10 reasons to start an SMSF What can go right – or wrong – with taking control of your retirement savings. Michael Read Reporter Oct 8, 2021 – 9.25 am For some, starting a self-managed super fund (SMSF) could be one of the best financial decisions they ever make. SMSFs can be a cost-effective…
Welcome to the 2021 Spring Edition of the BFG Report Staying Cyber Safe This Year With the increased activity online – be it due to working from home, home schooling, or simply because we have found a great availability of engaging and interesting content and streaming services, we are online a lot more and need to consider…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Is now the time to dial up the risk in your super portfolio? Michael Read Reporter Aug 28, 2021 – 5.00am There may be no stronger force in investing than the fear of missing out. Over the past 12 months, Australians have watched stock prices soar, fuelled by cheap money and record amounts of government…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Review aged care payments for a better deal Families or retirees who run the ruler over their entitlements at the start of a financial year are often rewarded. The start of a new financial year often brings new rates and thresholds in aged care, prompting the need to review the aged care structure for you…
2021 Budget Supplement How will the Federal Budget affect you? During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated, “Australia is back!”. The Budget proposes positive changes to superannuation, an extension of the low- and middle-income tax offsets and a boost to aged care services. Remember, these are subject to the passing of legislation: Superannuation The work test for older Australians From 1 July 2022, if you’re aged 67 to…
Welcome to the 2021 Winter Edition of the BFG Report What really influences interest rates? Interest rates are very important for many Australians, and rightly so – after all, whether it’s the returns on savings accounts or mortgage repayments, the rate of the day can have a significant impact on the household budget for millions of Australians. So what influences…
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with David Lipson and Gemma Veness to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Welcome to the Autumn 2021 edition of The BFG Report Make a Super Plan for the New Year On 1 July 2021, both the concessional and non-concessional superannuation contribution limits, also known as ‘super contribution caps’, will rise. The concessional cap will increase to $27,500 from 1 July 2021. The non-concessional contribution cap is…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
How to help your kids buy property If you’re stressing about how you can assist the kids to buy their first home, you’re not alone – most Australians recognise the importance of home ownership as a fundamental building block to financial security and wellbeing, particularly in retirement. Click the link below to read the…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Fauziah Ibrahim and Eliza Harvey to discuss the weeks key business and financial issues.
Welcome to the 2020 Summer Edition of the BFG Report Home Help – Looking After Loved Ones When talking about Government aged care services, many people associate it with nursing homes. However, residential aged care or ‘nursing homes’ represent less than 10% of the formal aged care system. The most popular government-subsidised programs are the…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Fauziah Ibrahim and Kathryn Robinson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Fauziah Ibrahim and Kathryn Robinson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Katherine Robertson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Fauziah Ibrahim and Gemma Vaness to discuss the weeks key business and financial issues.
Welcome to the 2020 Spring Edition of the BFG Report Redundancy: a taxing time In the current economic environment, the prospect of redundancy can become an unexpected reality or an unsettling concern for many. Redundancy can occur for any number of reasons. You may decide to leave your employer by accepting a voluntary redundancy, or…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Kathryn Robinson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Welcome to the 2020 Winter Edition of the BFG Report Tax Records for Property While most people are up to date with Tax Records for investment properties the same cannot be said with confidence for other properties including, own homes, holiday homes and vacant land. Which Properties Require Tax Records? Where the property was purchased…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
6 Questions to ask when planning for retirement By Suzanne Haddan https://www.canstar.com.au/superannuation/retirement-planning/ Turning your dream retirement into a reality requires some careful planning. Factors such as how much money you’ll need, when you will be ready to stop working, working out how to maximise your superannuation and other income avenues, plus what to do with…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
BFG Report – Coronavirus March 2020 With our core mission being “assisting clients to make smart decisions about their wealth” your portfolio structure has assumptions that risks, like share prices falling, will occur. We set up your portfolio with other investments like cash (including term deposits) to help reduce the impact of this risk on…
Welcome to the 2020 Autumn Edition of the BFG Report Top Tips When Preparing Your Will Preparing a Will can be complicated, especially if you have a complex family or asset structure. Here are some tips to consider when writing a Will. Make a List of Your Assets and Beneficiaries Your Will should include a…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
How to know when it’s time to change super funds By Patrick Wright https://www.abc.net.au/life/how-to-know-when-its-time-to-change-super-funds/11810456 What if I told you that by spending a few hours looking at your super account, you could end up saving tens of thousands of dollars? Nope, it’s not a scam — it’s true. In fact, if you’re young and have…
Welcome to the 2019 Summer Edition of the BFG Report Downsizer Contributions to Super Since 1 July 2018, if you’re age 65 or over and sell your home, you can now contribute up to $300,000 into your super even if you’re currently restricted by other super rules. This is especially beneficial if you have retired…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Josh Zseps to discuss the weeks key business and financial issues.
I asked a mortgage broker, financial adviser and money coach to fix my finances. Here’s what happened By Bridget Judd https://www.abc.net.au/news/2019-11-27/mortgage-broker-financial-adviser-money-coach-fix-my-finances/11564478 Trying to fix your own finances is a bit like submitting to a colonoscopy: you never know exactly what you’re going to find, but chances are, the end result is going to be crap.…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Josh Zseps to discuss the weeks key business and financial issues.
https://www.abc.net.au/news/2019-10-16/buying-versus-renting-property-dead-money/11607832 ‘Dead money’ or owning a house: Is it better to rent for the long term? By business reporter Andrew Robertson For most young people these days, the prospect of buying a home early in their working life is now out of the question. With prices, particularly in Sydney and Melbourne, among the most…
Suzanne Haddan – Managing Director of BFG Financial Services, appears on the ABC Weekend Breakfast with Josh Szeps and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Lorna Dunkley to discuss the weeks key business and financial issues.
Welcome to the 2019 Spring Edition of the BFG Report Claiming a deduction on personal super contributions Since 1 July 2017, employees, as well as the self-employed, can claim a tax deduction on personal super contributions. If you are aged between 65 and 74 you can make a contribution to super but you need to…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Josh Zseps to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Josh Szeps and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Fauziah Ibrahim to discuss the weeks key business and financial issues.
Welcome to the 2019 Winter Edition of the BFG Report Super Dependants If you have a superannuation fund, you’ve probably been asked to nominate your beneficiary. But, super fund trustees can only pay your super death benefit to eligible dependants or to the legal personal representative (LPR) of your estate. If you haven’t elected a…
How to travel and retire comfortably No financial strategy will give you everything. What you do have are choices and those choices come with financial consequences that you need to be comfortable with. Becoming an informed spender means you understand the financial costs and benefits of how you’ve decided to allocate your money. Hopefully it…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Josh Zseps to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Katherine Robertson and Johanna Nicholson to discuss the weeks key business and financial issues.
Self help for first-home buyers Want to help your children into the housing market? Here’s how to do it with their money not yours. Suzanne Haddan Worried you might whittle away your retirement savings or risk your home as security so your children will be able to buy a home and leave yours? Although it’s…
The budgeting and planning behind one couple’s bid to move up the property ladder ABC Life / By Patrick Wright and Emily Stewart https://www.abc.net.au/life/the-realities-of-one-couples-bid-to-move-up-the-property-ladder/10880758 Like many Australians, Ross and Sangita worked hard to achieve their dream of building their own home. Ross, a chef who moved to Australia from Nepal 12 years ago, has worked…
Hayne’s royal commission misses the chance to professionalise financial planners By business reporter Andrew Robertson https://www.abc.net.au/news/2019-02-15/the-banking-royal-commissions-missed-opportunity/10807518 Setting us up for another royal commission in five years Genuine fee-for-service financial adviser Suzanne Haddan (the owner of BFG Financial), said she had no doubt where the retention of asset-based fees would end. “To not have addressed one…
Welcome to the 2019 Autumn Edition of the BFG Report What To Look Out For In 2019? As we look towards the next Federal election and beyond, it’s important to understand both the existing Government and the opposition party’s proposed policies relating to superannuation and tax. In relation to some policies, both parties agree on…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Josh Zseps to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Johanna Nicholson and Dan Bourchier to discuss the weeks key business and financial issues.
Welcome to the 2018 Summer Edition of the BFG Report The Rising Cost of Cyber Crime Last year, more than six million consumers fell victim to identity theft, credit card fraud or had their passwords compromised. This cost the Australian economy more than $2.3 billion, and, at an individual level, cost each victim an average…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Andrew Geoghegan and Johanna Nicholson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Andrew Geoghegan and Johanna Nicholson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on ABC’s The Business with Andrew Robertson to discuss Insurance within Superannuation.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Nick Dole and Johanna Nicholson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Katherine Robertson and Johanna Nicholson to discuss the weeks key business and financial issues.
Welcome to the 2018 Spring Edition of the BFG Report The Power of An Attorney A power of attorney is a legal document that allows you to nominate someone you trust to make financial decisions on your behalf if you are unable to do so. A popular misconception is that a person’s partner can make…
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Andrew Geoghegan and Johanna Nicholson to discuss the weeks key business and financial issues.
Suzanne Haddan – Managing Director of BFG Financial Services appears on the ABC Weekend Breakfast with Andrew Geoghegan and Johanna Nicholson to discuss the weeks key business and financial issues.
