Stay a Step Ahead

From a planning perspective, the start of a new financial year is the perfect opportunity to consider your financial plan and opportunities within it – without the 30th June rush.

For this reason, there is no better time to research whether a Self Managed Super Fund (SMSF) is an appropriate option for your needs, as they are not something to be taken lightly and should be properly researched before jumping in.

Today our feature article outlines the common mistakes we see people make, when setting up a SMSF. We have focused our report on the ‘con’s’ first, as it is typically only the ‘pro’s’ which are marketed.

Our second article focuses on Australia’s significant underinsurance gap for life insurance and income protection. The article, taken from ‘Risk Info’s’ latest edition, focuses on research prepared by Rice Warner, a leading research house, and demonstrates how exposed families are to risk of illness or worse, death of a primary income earner. Risk insurance advice is one area Yield Financial Planning can help and we would welcome the opportunity to discuss your insurance options with you if this is an area you feel exposed or have not reviewed for a while.

From all of us at Yield, we hope you enjoy this month’s newsletter.