Industry, Retail and SMSFs: What’s the Difference — and Which One is Right for You?
When it comes to superannuation fund types in Penrith, understanding the differences between industry, retail, and self-managed super funds (SMSFs) is essential. Choosing the right structure can have a major impact on your long-term retirement outcomes and financial flexibility. At MLS Financial in Penrith, we regularly help clients in Penrith review their superannuation structure to […]
Avoiding Common Retirement Planning Mistakes
Planning for retirement is one of the most important financial steps you’ll ever take. Avoiding retirement planning mistakes can make a significant difference to your long-term comfort and financial security. At MLS Financial in Penrith, we’ve been helping clients prepare for and enjoy retirement for over 20 years. At MLS Financial in Penrith, we’ve been […]
Making the Most of Your Home Sale: Financial Opportunities to Consider
Selling a home is a major milestone, and knowing what to do with the proceeds is just as important as the sale itself. Getting professional advice after home sale can help you reduce tax, boost your super, and make informed decisions about your next steps. At MLS Financial in Penrith, we’ve been helping clients for […]
The True Value of a Financial Adviser: More Than Just Investments
When people think about financial advice, often the first thing that comes to mind is which shares to buy, which funds to pick, or market timing. But according to recent research, these are among the least valuable services advisers provide. At MLS Financial in Penrith, we believe the greatest value comes from guiding behaviour, helping […]
First Home Super Saver Scheme: Boost Your First Home Deposit Using Superannuation
Buying your first home can feel out of reach, especially with rising property prices in and around Penrith. The First Home Super Saver (FHSS) Scheme is designed to help you save for your first property faster by using the tax advantages of your superannuation fund. At MLS Financial in Penrith, we work with first home […]
What Is a Transition to Retirement Income Swap Strategy?
Planning for Retirement While You’re Still Working? Explore the benefit of an Income Swap Strategy. A Transition to Retirement Income Swap Strategy may help boost retirement savings — without sacrificing current income or lifestyle. At MLS Financial in Penrith, we often recommend this powerful strategy for clients in Penrith who are still working but getting […]
Retirement Planning doesn’t happen overnight.
Estimated reading time: 3 minutes Retirement Doesn’t Happen Overnight — And Neither Should Your Planning If you’ve ever found yourself wondering “When should I talk to someone about retirement?” — you’re not alone. At MLS Financial in Penrith, we regularly speak with people across Penrith who are unsure when to seek retirement advice. Some think […]
Division 296 Tax
Understanding Division 296 tax, the $3 million Superannuation Tax Estimated reading time: 2 minutes The Australian Government has proposed a new tax measure, known as Division 296 tax, or colloquially known as the $3 million Superannuation tax. It is aimed at modifying the tax treatment of superannuation balances exceeding $3 million. Set to commence on […]
Sources of Retirement Income
A guide to retirement planning and how your superannuation is used to fund your lifestyle
Income Protection in Penrith – Case Study by MLS Financial
Find out why you may still need income protection even if you are covered through worker’s compensation schemes.