http://www.chelseafinancialplanning.com/ Tue, 07 Feb 2012 03:48:38 Chelsea Financial Planning: Small Business Works Articles http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=20853 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=20853 Your income needs protecting Are your house and contents insured? What about your car? If you go overseas do you take out travel insurance? Most of us recognise the importance of protecting assets we have accumulated over the years and rightly so, as we’ve worked hard to get them. But have you ever thought about protecting your ability to work? After all, it’s your income that enables you to own a house,... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=19333 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=19333 WHAT IS A TRANSITION TO RETIREMENT PENSION (TTR) ? This is a term that is discussed a lot amongst many pre-retirees, but what is a TTR and how does it work? A TTR was introduced by the Australian Government to allow people over the age of 55 years to access their superannuation fund while they were still working. The original intention of a TTR was to allow workers to transition to retirement by working reduced hours and being... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=14925 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=14925 At Small Business Works Financial Services we are always very conscious of both our fees and the fees associated with the products we invest in, over the last couple of years we have seen a lot of awareness from clients about fees and the effect they can have on their investments. This cost awareness could be part of the reason in the growth of Self Managed Super Funds and the remarkable growth of Exchange Traded Funds (ETFs) in... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=13241 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=13241 China's Landing Non-Existent: Premium Funds Management The following article has been reproduced by kind permission of Premium China Funds Management Pty Ltd and it is their views on the subject. We believe you may find it interesting. PRESS RELEASE – FOR IMMEDIATE RELEASE 3rd February 2011 Premium China Funds Management would like to provide comments with regard to points that Schroder investment... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12758 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12758 Starting a Pension in a Self Managed Super Fund One thing we are often asked as Self Managed Super advisers is can we or how do we start a pension in a Self Managed Super Fund. Starting a pension in a Self Managed Super fund is really easy (especially if you get us to look after you fund for you!) as the trustees of your it is at your discretion when you start a pension, change or stop a pension. You must still comply... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12424 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12424 So what is to know about Income Protection in Australia? Well income protection insurance is a form of life insurance that generally covers you if you are unable to work due to illness or injury, Australian income protection policies generally pay 75% of your salary on either an agreed or indemnity basis. Some insurers will even contribute an additional 10% to your super for you. In Australia Income protection premiums are... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12423 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12423 Here is a brief overview of the key Self Managed Super Fund Rules, for a full copy of the Self Managed Super Fund Rules please contact the ATO or talk to one of our Self Managed Super Fund advisers about your personal circumstances. Self Managed Superannuation Funds (Self Managed Super Funds) have the same role (to save and invest member's retirement savings) as any other super funds; However Self Managed Funds have... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12417 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12417 So you want to borrow in your super fund? Self Managed Superannuation Funds Borrowing - what is involved? Yes a super fund can borrow It must be in a special vehicle called an instalment warrant The borrowing must be "limited recourse" ie the lender can only use the investment in question as security Loan to Value Ratios are normally in the range of 60% - 80% Investments should be... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12337 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12337 Self Managed Super & Property More and more people are opening self managed super funds (also known as DIY Superannuation) with the intention of buying directly held investment property within their fund. While this can work, it is important that you realise there are different ways to invest in property. There are a lot of strategies that you can use if you have a self managed super fund and want to invest in property. ... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12105 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12105 Beginners guide to share trading To help make this type of investing more profitable and to enhance the trading experience here’s some tips to help and protect you when trading, especially online: • Have a plan. Set out what you want to achieve with a realistic timescale. This will help you keep track of how well you are doing. Use it wisely and it’ll keep you on the straight and narrow, just in case... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12104 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12104 Would You Pass The Risk Test? We all face risks in our life and hope that a financial catastrophe will strike somewhere else. This is why it is critical to review your insurances regularly and ensure they still meet your needs. Can you cope with the risk of inadequate cover? Have you got too much cover? If your circumstances have changed, have you adjusted your cover? You can be systematic in looking at the risks you face. Firstly,... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12080 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=12080 DIY Superannuation funds (or self managed super funds) are gaining popularity every day, after all we are a nation who love a bit of DIY. However DIY is possibly a misleading label. Managing your home is easy compared with managing your superannuation money, with its detailed taxation, trustee and other legal rules. Technically, DIY funds are usually called self managed superannuation funds and are often described for short as an... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11989 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11989 Would you like to build a portfolio of highly performing shares? Shares are a growth assets and most portfolios should contain at least some share exposure. Traditionally the only way to buy shares was with a full service stockbroker, however unless you have a reasonable sum to invest (I suggest $20,000 or more) the costs of building a diversified holding of shares can be quite high. In the last few years this has led to growth of... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11808 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11808 While markets are performing well it's easy to sit back and watch your investments rise in value. Today, the markets are not performing so well and uncertainty is all around! In times like this, it's easy to lose your nerve - so how do experienced investors handle this? Here are nine tips: RECOGNISE THE CYCLE: Financial markets are all prone to move in cycles. Sometimes the troughs feel like they will last forever but they do... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11807 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11807 How to Protect a key person in your business The most valuable asset in any business, whether a newsagent or a multi-national corporation is the key people who run the business. But while material assets such as plant and equipment can be replaced relatively easily, this is not the case with human assets. The loss of the managerial skills, expertise and leadership of a key person can have a substantial impact on revenue and profitability.... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11685 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11685 What about Franked Dividends and Franking Credits?  Franking of dividends is a major reason why investment in share trusts and direct shares can make so much sense. When you also consider that many companies pay fully franked dividends of around 4% or 5% this compares very well with current fixed interest returns. Shares carry more short term capital risk but on a long term basis have historically provided superior income and... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11556 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11556 Tips for 2010 / 2011 Financial Year 1. Get started now So what are you waiting for? We are now half way through 2010 and the years are flying by. Take control of your finances and investments and look at the real reasons why you are delaying. If you’ve had some bad experiences in the last financial year then work through them, learn from them and get started! 2. Get a plan of Action Write down everything you... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11329 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11329 Welcome to our new website! We hope you find it easy to use, please let us know if you find any broken links or other problems. Over time we aim to build it into a great financial planning rescource. http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11331 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11331 Successful property investment Create a long-term property portfolio plan Realise that investing in property is usually a long-term strategy. The housing market is generally a 7-10 year cycle; it’s a roller coaster ride that has highs, lows and steady patches. Always ensure you are comfortable with the advantages and disadvantages associated with a particular investment asset. Consider your goals and all possible... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11988 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11988 Managed funds, a type of unit trust are investment products that allow you to pool your money with a number of other investors into a single fund that is then able to invest in assets that might otherwise be out of your reach. Managed funds can invest in a variety of assets including Shares, Property or Fixed Interest or a combination of these. The attraction of managed funds is the diversification they offer. If you wanted to... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11987 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11987 I meet with so many clients and over and over again I see proof that to be wealthy and financially secure you do not need luck or to win tattslotto. In ever y case I know of my client’s wealth is built on regularly saving money. While this could be a simple transfer of funds into a savings account in a lot of cases it is better to invest these savings into higher growth assets such as Shares, Property or Managed Funds. (depending... http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11187 http://www.chelseafinancialplanning.com/?process=views/article.php&articleId=11187  test test test test