Bruce Jennings, Author at Jennings Financial Services

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So far Bruce Jennings has created 69 blog entries.

Dealing with Stress & Anxiety

An Article from CNN Health by Madeline Holcombe, that our office hopes can be helpful to our clients if they are feeling anxiety regarding the current invasion of Ukraine, along with other worldly stresses. It makes sense that the attack on Ukraine is causing you anxiety, experts say. Here's what to do Russia's attack on Ukraine has sent shockwaves around the globe, and many people are feeling stress, anxiety and fear. There is heartache for those in Ukraine suffering from the violence, uncertainty about what's to come, powerlessness watching the events unfold, and even trauma from devastating images coming out of the region, psychologists say. Feelings of those around the world observing the conflict may pale in comparison to the pain of those within it, but that does not mean they aren't worth caring for, said Wendy Rice, a psychologist based in Tampa, Florida. Low emotional reserves This conflict is coming on the heels of another international trauma: the Covid-19 pandemic. [...]

By Bruce Jennings|2022-04-08T09:43:51+10:00April 13th, 2022|Community Activity|0 Comments

Federal Budget 2022

Federal Budget 2022 - Summary This year’s Federal Budget covers a range of measures aiming to reduce the pressure from increased costs of living and help people into homes. Note: These changes are proposals only and may or may not be made law. Summary Personal taxation – Cost of living tax offset: The Low and Middle Income Tax Offset (LMITO) will increase, providing an additional $420 to reduce tax payable for eligible taxpayers in the 2021/22 financial year. This offset is non-refundable and available to those earning up to $126,000 per annum. Further, LMITO was not extended, meaning it will not apply for the 2022/23 or later financial years. – Halving of fuel excise: For six months from 12:01am 30 March 2022, the excise on fuel and petroleum-based products will be halved. Whilst not a direct tax, the expectation is this should result in lower fuel prices during this period. Half the current excise on fuel and diesel will reduce [...]

By Bruce Jennings|2022-04-08T09:51:48+10:00April 8th, 2022|Tips and Other News|0 Comments

Sharemarket Falls – 7 Things to Consider

7 Things for you to consider by Dr Shane Oliver Dr Shane Oliver is Head of Investment Strategy and Chief Economist at AMP Capital. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Most of the time share markets are relatively calm and don’t make the headlines. But every so often they have a tumble and make the 'front page' with headlines (or these days clickbait) like “billions wiped off share market” and “biggest share plunge since…”. Each one is met with analysis and prognostication from experts. Sometimes the plunge ends quickly and the market heads up again and is forgotten, like last September. But once every so often share markets keep falling for a while. Sometimes the falls are foreseeable, but rarely are they forecastable (which requires a call as to timing and magnitude) despite many (who got lucky) claiming otherwise. And so it [...]

By Bruce Jennings|2022-02-02T12:34:00+11:00February 2nd, 2022|Market News|0 Comments

Christmas/New Year operating Hours

MERRY CHRISTMAS & HAVE A GREAT NEW YEAR! Our office will be closed from Tuesday 21/12/2021 and will re-open on 10/01/2022. During this time our emails will be checked, so if there is anything urgent please send through to bruce@jenningsfs.com.au or info@jenningsfs.com.au. 2021 was a challenging year largely due to COVID-19 - we thank all our clients for your continued support and hope that 2022 is a better year! We hope everyone has a safe, healthy and fun Christmas and New Year break. The team at Jennings Financial Services

By Bruce Jennings|2021-12-16T11:16:16+11:00December 16th, 2021|Tips and Other News|0 Comments

NSW COVID-19 SUPPORT PAYMENTS

The whole team at Jennings Financial Services hope that you and your families are staying safe and healthy during the difficult times with the COVID-19 Lockdown & Pandemic. We are always here to help and discuss any possible financial difficulties or stresses you are experiencing, however if you would like to seek additional information or help, we have listed some of the payments available below and websites to gather further information. COVID-19 disaster payment The payment helps workers who are unable to earn money due to a COVID-19 lockdown or hotspot. Available to eligible people in a Commonwealth-declared COVID-19 hotspot. Pandemic leave disaster payment You may be eligible for financial support if you can't earn money because NSW Health has directed you to self-isolate or quarantine for 14 days or you are caring for someone who has COVID-19. Test and isolate payment A one-off payment of $320 to help meet the cost of wages lost whilst self-isolating at home waiting for COVID-19 test results. The payment is [...]

By Bruce Jennings|2021-08-19T11:29:05+10:00August 19th, 2021|Community Activity, Tips and Other News|0 Comments

End Of Financial Year

End of Financial Year - Top 10 Tips for Business' Pay and clean up any super owing before 30 June Businesses must ensure they are paying employees additional superannuation. As superannuation is not tax deductible until it has been paid, it is also important to ensure all superannuation payments owing are completed before 1 July, this is a great way of reducing your income tax bill. Business owners should be aware of the cash flow implications of the change and make plans accordingly. Be aware of relevant tax changes It is critical you are aware of any relevant tax changes which typically come into effect at the start of a new financial year. Start by consulting your financial adviser or running a thorough search of the ATO for news and announcements. This will ensure you are well positioned to either capitalise on a positive change or prepared for an adverse change. Forewarned is forearmed. Get your tax-deductible expenses in [...]

By Bruce Jennings|2021-06-09T15:03:13+10:00June 9th, 2021|Community Activity|0 Comments

Summary of Federal Budget 2021/2022

How will the Federal Budget affect you? During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated “Australia is back!”. The Budget proposes positive changes to superannuation, an extension of the low and middle income tax offsets and a boost to aged care services. Summary We’ve summarised some of the key points from the Budget below but, remember, these are subject to the passing of legislation: • From 1 July 2022, if you’re aged 67 to 74 you will not be required to meet the work test to make non-concessional contributions and salary sacrifice contributions to super • From 1 July 2022, you can make downsizer super contributions if you’re age 60 and over (currently you need to be age 65 or over). • From 1 July 2022, if you’re a first home buyer you can release up to $50,000 (up from $30,000) from your voluntary super contributions to help you buy your first home. • The low and [...]

By Bruce Jennings|2021-05-12T12:46:51+10:00May 12th, 2021|Market News|0 Comments

Helping your Children – Financially

As a parent you probably have great expectations for your child. They will have everything you had and more! You will consider their every need and make the most of every opportunity to help them get ahead, right? Whilst every parent wants their child to be healthy, happy and financially secure, figuring out how to get them there is another thing. Working with a financial adviser can help you understand options available to financially help your children, and teach them how to take control of their financial future once it is time for you to step out of the equation, and them to step up. Introducing these discussions as a family from early on means you can get help for your children that will serve them well into their future. Savings It’s never too early to start a good savings system. If your child gets pocket money for helping out around the family home, birthday money and other small [...]

By Bruce Jennings|2021-04-13T12:20:17+10:00April 13th, 2021|Tips and Other News|0 Comments

Financial Advisor – Worth it?

Is It Worth the Money to Hire a Financial Advisor? Vanguard Study Calculates the True Value of a Financial Advisor Among the most common questions financial advisors hear is, “Why on Earth should I hire you when I can manage my own money? I have a Superannuation Account and if I want to make other investments there’s a ton of information and advice available on the internet.” We totally understand the question. Financial advice typically costs 1 percent of your portfolio per year. So, yes, people want to know if they are getting what they pay for. Vanguard, one of the world’s largest investment companies, has been examining this question for 15 years. Based on research, analysis, and testing, Vanguard has concluded that, yes, there is a quantifiable increase in return from working with a financial advisor. Vanguard calls this advantage the Advisor’s Alpha. When certain best practices are followed, the result can be an Alpha in the 3 percent [...]

By Bruce Jennings|2021-01-18T14:50:41+11:00January 18th, 2021|Tips and Other News|0 Comments

More than one super account?

Did you know there is over 10 (Source) million Australians with a superannuation account, approximately 36% of which hold more super accounts, which make up $20.8billion in ‘lost super’. Is some of that yours? Find it Moved house? Changed jobs? Don’t know where your teenage self stashed your super? It’s easy to track it down. Consider Combining it Save on fees, reduce your paperwork, keep track of your hard earned money, grow your retirement fund. But seek professional financial advice first to make sure combining is beneficial for you. Ask your financial adviser Many websites offer to help find and combine your super. It is quick, easy and free. You can ask your financial adviser for help, check with your known superannuation provider or the Australian Tax Office. Grow it A professional financial adviser can help you find an appropriate superannuation fund that will grow your hard-earned income ready for your retirement – and the sooner you get on top [...]

By Bruce Jennings|2020-11-16T11:43:01+11:00November 16th, 2020|Retirement, Tips and Other News|0 Comments