Edition No. 16 | 20 June 2014

June 2014 Newsletter

Please find our June Newsletter with articles on the following;

- Retiring

- Stress Free Travelling

- Health

- Federal Budget

A Final Reminder that if you want to make contributions to Super for 2013/14 you will need to make them in the next couple of days.

Please contact us with any queries on phone 08 8842 2391

Regards

Graeme Wandel

The Encore Career

For many the idea of retiring is scary. You might have big plans for the first year – but what happens after you put in your new kitchen, landscape the garden, buy the new car and go on that round the world trip? Even if finances are not a concern, what will you do with your time and how will you keep yourself stimulated – mentally and socially?

Top tips for a stress free travel experience

Retirement is a fabulous time to branch out and visit places you haven’t been to before or even go back and explore the fabulous places you just haven’t spent enough time at in the past.

Five healthy facts to keep you at your best

There are a million health and fitness plans out there, but which ones work and which ones are just fads? Here are five simple facts to help you make your own decisions when it comes to living a healthy and happy life.

Federal Budget 2014 summary

In one of the more highly anticipated Federal Budgets, the Government announced major changes that could impact your financial plans.

Key proposals include:

A Temporary Budget Repair Levy of 2% will be payable on taxable incomes over $180,000 pa for the next three financial years.
Changes to HELP debts will increase the amount payable, and payments may need to be made at lower income levels.
The Dependent Spouse and Mature Age Worker Tax Offsets will be abolished from 1 July 2014.
People who make non-concessional (after-tax) super contributions from 1 July 2013 that exceed the cap will have the option to withdraw the excess amount plus earnings on the excess.
The timeframe for increasing the Superannuation Guarantee contribution rate to 12% will be amended.
The Age Pension age will gradually increase to 70.
A range of changes to Family Tax Benefit – Part A and B will reduce the number of people who are eligible and, for some, lower the entitlements.
The Commonwealth Seniors Health Card thresholds will be indexed from 20 September 2014 and the definition of income will be expanded.

Read and view the 2014 Federal Budget summary:

Download the full analysis 2014 Federal Budget

Federal Budget 2014 summary, Watch the video

In this edition

	The Encore Career
	Top tips for a stress free travel experience
	Five healthy facts to keep you at your best
	Federal Budget 2014 summary

Phone
(08) 8842 2391
Fax
(08) 8842 2491
Email
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Website
Clare Financial Services
Address
286 Main North Rd,
Clare SA 5453

Clare Financial Services Pty Ltd is an authorised Representative of Consultum Financial Advisers Pty Ltd, ABN 65 006 373 995, AFSL Number 230323 an Australian Financial Services Licensee, Registered office at Level6, 161 Collins Street Melbourne Vic 3000

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change.