Here’s a synopsis of the Government’s 2024/25 Federal Budget by Barwon Financial Planning Geelong.

A Budget surplus of $9.3 billion is forecasted for 2023/24, which will be short-lived with an underlying cash deficit of $28.3 billion expected in 2024/25 (and a $42.8 billion deficit for 2025/26). The Budget noted a weak and uncertain global economy where growth is forecast to remain subdued over the next few years. Inflation is expected to remain elevated at 3.5% for 2023/24, which is then expected to fall to 2.75% in 2024/25.

This month, Barwon Financial Planning takes a look at personal tax changes following the 2020 Federal budget and what this means for you.

If you have reached Age Pension age and been an Australian resident for at least 10 years, you may be eligible to receive Centrelink Age Pension entitlements or other Government benefits.

Barwon Financial Planning steps through the details of the Age Pension in 2020.

Make the most of your superannuation limits before 30 June 2019 with some tips from Barwon Financial Planning.
Generally, the Superannuation Guarantee payments of 9.5% are helping working Australians to build their financial future. There are also other ways you could get more out of super, such as by taking advantage of this year’s super limits to make additional contributions.

The Banking sector Royal Commission is very prevalent in the media, and it has unearthed many aspects of bank-provided services. At Barwon Financial Planning we see it as a great step to make the industry more much accountable. It has also shone a light on the many Australian financial planning business that are not bank-aligned.

Many people are often unsure about where to begin paying off debt, thinking about investment, or even creating achievable financial goals. Creating a good budget and sticking to it is one of the easiest ways to start taking control of your finances. Here’s how to begin.

The windows of Barwon Financial Planning have a brand new look. We’ve been quietly updating our branding including the logo, website, stationery and now… our windows!

This Valentine’s Day we’re showing our love for our amazing home town, Geelong.

Barwon Financial Planning are huge fans of Geelong, so we’re giving our followers the chance to win a selection of locally sourced goodies. The prize on offer is the ‘Geelong & Bellarine Treats’ hamper valued at $75 from Geelong favourites, The Food Purveyor – perfect for Valentine’s Day!

Barwon Financial Planning is pleased to once again sponsor the Deakin Commerce Students’ Society (DCSS) in 2019.

Merry Christmas from the team at Barwon Financial Planning! What a year it has been for all of us. We look forward to working with you in 2019!

Barwon Financial Planning has a new website! Please stop by www.barwonfinancialplanning.com.au and let us know your thoughts. We’re looking forward to connecting with our community.

Following a strong run over the past number of years, we appear to now be experiencing a very broad-based revaluation within most financial sectors and markets. This is a very normal event and occurs at least annually.

Damian Christou from Barwon Financial Planning discusses the implications, and what may happen next.

You may have noticed some market volatility at the moment. At Barwon Financial Planning, we are hopeful that this volatility is short-lived as well as presenting us with further opportunities to invest.

Damian Christou of Barwon Financial Planning comments further.