#superannuation advice

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The Importance of Superannuation Advice in Australia

Superannuation (often referred to as "super") plays a critical role in ensuring individuals have adequate financial resources during retirement. To maximize retirement savings, it is imperative to seek professional superannuation advice due to the intricacies of superannuation laws, investment options, and available funds. This post will discuss the value of superannuation advice in Australia and the ways that working with a financial advisor such as James Hayes can improve your financial situation in the long run.

Superannuation in Australia

The purpose of the government-mandated superannuation savings program is to offer retirement income security. A portion of an employee's income, currently 11%, must be contributed by employers to a superannuation fund by the Australian government. To increase their retirement savings, employees may also voluntarily contribute. After that, the money is invested to increase over time, giving retirees a buffer in their finances.

The Complexity of Superannuation

The superannuation system in Australia is governed by complex regulations, which can be challenging for individuals to navigate. Key factors to consider include:

Types of Superannuation Funds: There are various types of super funds, including industry funds, retail funds, and self-managed superannuation funds (SMSFs). Each has its own set of features, fees, and investment options.

Investment Strategies: Deciding how to invest in superannuation savings is crucial. Options may include shares, bonds, real estate, or a mix of assets. Each choice carries different risks and potential returns.

Tax Implications: Superannuation contributions and withdrawals are subject to specific tax treatments, which can influence how much you end up with at retirement.

Regulatory Changes: The superannuation landscape is subject to frequent changes in legislation, which can affect contribution limits, tax rates, and withdrawal conditions.

The Role of Superannuation Advice

Given the intricacies involved in managing superannuation, obtaining professional advice is paramount. Here are several reasons why superannuation advice is crucial in Australia:

1. Personalized Strategy Development

Every individual's financial situation is unique. A qualified financial advisor like James Hayes can help develop a personalized superannuation strategy tailored to your specific goals, risk tolerance, and financial circumstances. This ensures that your superannuation plan aligns with your long-term retirement objectives.

2. Maximizing Contributions

A financial advisor can help you understand the different contribution options available, including salary sacrifice and personal contributions. They can guide you in maximizing your contributions to take full advantage of the government's co-contribution scheme and other incentives designed to boost retirement savings.

3. Investment Choices and Risk Management

Navigating the plethora of investment options within superannuation can be overwhelming. James Hayes can provide expert insights into which investment strategies align with your risk tolerance and retirement timeline. He can also help you diversify your portfolio to mitigate risks while optimizing growth.

4. Staying Compliant with Regulations

Superannuation regulations can change frequently, affecting everything from contribution limits to tax treatments. A financial advisor ensures that your superannuation strategy remains compliant with the latest laws and regulations, minimizing the risk of penalties or lost opportunities.

5. Retirement Income Planning

One of the critical aspects of superannuation advice is planning for retirement income. A financial advisor Sydney can help you protect your retirement income based on various scenarios, ensuring you have a clear understanding of how your superannuation will support you in retirement. This includes strategizing when to start drawing down your super and how to manage withdrawals effectively.

James Hayes: Your Superannuation Advisor

Choosing the right financial advisor is essential to getting the most out of your superannuation. James Hayes stands out in Australia for several reasons:

Expertise in Superannuation: With extensive knowledge of the Australian superannuation landscape, James Hayes can provide tailored advice that meets your individual needs.

Holistic Financial Planning: James takes a holistic approach to financial planning, integrating superannuation strategies with your overall financial goals. This ensures a comprehensive plan that addresses all aspects of your financial life.

Commitment to Education: James believes in empowering clients through education. He provides clear explanations of superannuation concepts, allowing you to make informed decisions about your retirement planning.

Proven Track Record: With numerous satisfied clients, James has a proven track record of helping Australians successfully navigate the complexities of superannuation and achieve their retirement goals.

The Impact of Quality Superannuation Advice

One cannot stress the significance of receiving superannuation advice. According to studies, people who get professional financial advice have a higher chance of saving more money for retirement than people who don't. This may result in increased retirement financial security, enabling a more opulent lifestyle.

Case Study: The Value of Engaging a Financial Advisor

Consider the case of Sarah, a 35-year-old professional in Australia who was managing her superannuation on her own. She was unsure about her investment choices and contribution strategies. After consulting with James Hayes, she received tailored advice that helped her:

Optimize her contribution levels, enabling her to take advantage of the government’s co-contribution scheme.

Diversify her investment portfolio, balancing growth with risk management.

Develop a clear plan for retirement income, providing peace of mind for her future.

As a result, Sarah felt more confident about her retirement planning and saw a significant increase in her superannuation balance over the years.

The significance of superannuation advice in Australia cannot be overstated. Anyone wishing to safeguard their financial future would be well advised to work with a financial advisor such as James Hayes, given the intricacies of the superannuation system. James can guide you through investment options, maximize contributions, and develop customized strategies to help you make decisions that support your retirement goals.

As you approach your retirement years, remember that your superannuation is not just a savings account—it'sa critical component of your financial well-being. To guarantee a safe and happy retirement, don't try to handle the complexity on your own; instead, get professional superannuation advice.

For personalized superannuation advice in Australia, consider reaching out to James Hayes, who can guide you toward achieving your retirement dreams.

James Hayes Financial Planner

Address: Level 1, 304-318 Kingsway, Caringbah NSW 2229

Phone No: (02) 9524 6711

Website: https://www.jameshayesfp.com.au/

[virtusuper]

Expert Superannuation Advice for Brisbane Residents

Our SMSF specialists deliver insight into the tax advantages of Superannuation Advice Brisbane and operate as mentors to SMSF trustees, guiding them through the often confusing superannuation legislation. You can rest easy knowing that we’re here to answer your questions and you don’t have to rely on searching the internet to find what you need to know. A quick phone call to us before making a decision could help you avoid significant costs that can arise from sometimes simple mistakes.

[retirewiseaustralia]

Looking For Financial Adviser in Sydney? Retirewise Offers Tailored Financial Planning Solutions to Help You Achieve Your Retirement Goals. Free Initial Appointment.

Visit: https://retirewise.com.au/

[australiawidewealthservices]

The Role of a Financial Planner in Australia in Maximizing Your Superannuation

A Financial Planner in Australia can be instrumental in helping individuals make the most of their superannuation. Financial planners understand the intricacies of super laws, taxes, and regulations, ensuring that your superannuation is strategically invested to maximize growth.

[menonassociates]

Superannuation Advice Australia

Superannuation Advice Australia can provide you with advice on mortgage payments, retirement savings and insurance. It can also help you consolidate your super and choose a suitable investment option. It can also help you understand the risk return trade off.

Major life changes such as birth or death of a partner, buying or selling property, changing jobs and receiving financial windfalls are all important times to get good advice about your superannuation.

Choosing a super fund

Choosing a super fund is a big decision that can impact not only your superannuation advice Australia savings but also how those funds will be used to achieve your future goals. Whether you’re selecting an existing fund, the default option, or a self-managed super (SMSF) account it’s important to consider fees, performance, and the insurance offered by your chosen fund.

It’s also a good idea to compare super funds and their historical performance. This means looking at the return on investment for each fund – which is usually expressed as a percentage - and ensuring you’re comparing net benefits. This includes all administration fees, member fees, and investment fees.

It’s a good idea to review your options regularly and consider switching funds if it’s financially beneficial. This is especially true if you’re changing employment or are in a stapled super fund.

Consolidating your super

Superannuation is Australia’s system for saving money for retirement. Employers pay a percentage of each worker’s salary into their super fund, and the money is invested until they retire.

You can also add to your super by'salary sacrificing' some of your pre-tax income, or by contributing from your after-tax income. There are limits (called 'caps') on how much you can contribute each year. You can also access your super before retirement but it’s important to get advice and meet the rules.

Industry superannuation funds got a better report card from the Royal Commission into banking and financial services and often have lower fees than retail funds. Some offer choice of insurance offerings that can be tailored to your particular circumstances. Other funds, such as SMSFs (Self Managed Super Funds) allow more control over investment choices but they are time consuming to set up and manage. They are best suited to people with large balances. The government's MySuper product is a simple and cost-effective balanced option for the majority of Australians.

Investing in your super

When it comes to retirement, your super is one of the biggest assets you own. It’s important to take care of it well. This includes knowing how much you’re paying in fees and if you have insurance in your fund. It’s also worth checking that your investments are aligned with your goals and that you are on track to meet your retirement savings target.

The government offers a series of tax breaks to encourage people to save in super. These include a low rate of tax on contributions, and the ability to salary sacrifice some of your pre-tax income into super.

The main job of a good super fund is to invest the money you contribute to your retirement savings. This will earn you returns and grow your balance over the long term. The result is a higher income in retirement and a better chance of living comfortably. The best way to measure your super fund’s performance is by looking at its net benefit. This takes into account all the benefits of your super including strong returns, a growing balance, and insurance.

Insurance in your super

Many super funds offer life, total and permanent superannuation australia (TPD) and income protection insurance to their members. It’s important to consider your personal needs when deciding whether or not you need to take out insurance in your super.

Insurance through super can be a convenient and cost effective option. It’s generally a lot cheaper than buying personal cover outside of super, and premiums are deducted from your super account rather than your take home pay, which may reduce your cash flow pressure.

However, it’s important to review your insurance regularly. You should also check whether your current premiums are appropriate for your circumstances. You can do this by checking the insurance PDS and any other documents outlining your policy on your fund’s website. It’s worth checking whether you have any exclusions and if you’re paying a loading (a percentage increase in premium) for your risk. It’s also important to consider whether or not your death benefit nominations are up to date.

[financialplanningconsultant]

Securing Your Financial Future: Expert Financial Planning Advice for Individuals and Businesses

Financial planning is quintessential in every individual’s life as it helps in planning for not only long-term financial goals but also short-term financial goals as well as emergencies. Financial advice is required for not just those who have had a family but also for young professionals and retired individuals to plan for their future in a better way. Financial advisors and accredited mortgage consultants help one to plan for their future so that all the light goals are taken care of.

Superannuation advice in Australia is offered by professionals who have years of experience and can create an effective strategy for finances with a proper tax plan. Personalised retirement planning takes into account many different factors like money needed after requirements, property plans, etc. Financial advice is something that not just individuals but also businesses and families need for a better future.

Financial Advice for Businesses, Individuals and Families at a Glance

Financial advisors help people to invest, do budget plans and other things for individuals and for businesses, professionals can help to analyse the financial data to show what steps are necessary for achieving better business output. Everybody loves to own their own home but it requires significant investment and also due diligence to ensure that the investment yields good results. Professionals can search for the best home loan for those who are purchasing a new home as per their requirements. Some people even look to refinance their old own and professionals can do that which can lead to outcomes like reduced interest rates, lower monthly payments, etc as per the individual’s requirements.

Many people also like to invest in property but it can be a disastrous move if not done with the advice of professionals. Professionals use financial modelling to analyse the situation and then recommend the financial impact of investing in property and how to do it.

If one is planning for financial investments, mortgages, estate planning, insurance, etc then one should contact and speak with financial advisors for relevant advice.

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[mygainyear2024]

Day 18 Delayed

After not one, but two pastel de natas before my dance class at the gym, and a homemade sardine tosta I walked 5+ kms to my third language lesson via Clarice, in Alvor, for a proper latte ☕️

I tried to video the garbage collection system near my apartment but failed in my timing. The collectors were also looking at me strangely as I held my phone up to film!

I did get a better shot of the cute dog that looks out over the neighbourhood with interest. I had a brief chat with the owner to confirm he's only two. Noticeably, there are lots of dogs, as well as learner drivers and pastelarias.

After the fun language lesson, practising conversation starters and replies, I had an interesting conversation with a retired fireman, Gary from Ireland 😉 I noticed Gary at the first lesson. He seemed broodish, but I think he may be an introvert, if that's possible for an Irish man? Although my depth of experience with Irish men is limited to one!!! (Yes kids, I know he had a problem with alcohol and you thought he was gay, BUT he did make great duck fat baked potatoes!) Today Gary came with his lesson notes neatly stored in plastic sleeves in a folder, but he said "que interessante" with as much enthusiasm as a wet fish. Rebecca asked him to be a bit more animated. I think his interest must have peaked in me when he heard me saying, in terrible portuguese "sou impragada do estado" which translates to "I am imprisoned by the State". I'll need to check this with Rebecca at the next lesson, I'm sure there's a better way to say "public servant". I'm also "dona de casa" which means investment property owner, but it also means housewife!

Gary wanted to give me lots of advice about superannuation. I’m sure he was well intentioned but I feel quite informed 😂 Sadly the teacher is taking a break next week so I’ll miss Gary, but I’ll ask around, apparently he is a member of a walking group and I need to do some more walking 😜

I’m now getting ready to have dinner with Rosie at Restaurante F in Praia da Rocha. She’s messaged me this afternoon to invite me to a book launch tomorrow night at Irish Rovers, que interessante!! She also said “We will also go tonight to listen to the band after dinner” Stay tuned….

So dinner at Restaurante F was pleasant. I had high expectations (from the number of Facebook comments after I posted the request, “recommendations for best restaurant with ocean views and I don't care for steak!) and also when I saw the selection of breads being wheeled around on a trolley and a separate aperitif menu. The bread (cornbread, pumpkin bread and plain) and two butters were delicious, the shared prawns ok and my first cataplana of octopus, clams and sweet potato (Algarve stew cooked in copper or stainless steel pot) tasty, rounded out with the shared crème brûlée and bottle of rosé, not cheap comparatively at €50 each. But, the company was definitely worth it. Rosie regaled me with fabulous stories about her relationships and the number of suitors she has at the moment. And as a supplier of gummies to some of her cruise tour members (it’s legal in Canada)😂 She certainly lives an exciting semi retired solo life.

We then went to Irish Rovers, and yes that same bartender made a beeline for Rosie and started his lines on me. I reminded him that he'd already made me a cosmo last week and I'd heard his BS! Later I did give him a hard time about how long he'd been using those lines on women at this pub (six years!) and had it ever worked (no) and I suggested it might be time to come up with a new strategy. The band were pretty dreadful, actually it was mostly the lead singer that did have Rosie and I in stitches. His voice was not loud enough to be heard over the instruments (probably for the best), and I couldn't work out if he was Irish, Portuguese or another nationality. Rosie said he looked 100! Are white singlets on tattooed older lead covers' singers still a thing? And he was drinking red wine. It was too many contradictions for me to manage, given I don't go out to these kind of venues at all. I did say to Rosie twice that a strong female lead would fix this situation. Rosie knows the owners, Martin and Jenny. They weren't pub owners in Ireland, but have owned Irish Rovers for 10 years and according to Rosie it's the most successful pub in the Algarve. Martin was in the band on keyboard (and I thought he could actually sing) and Jenny was behind the bar. At one point she quickly came over with three shot glasses of some creamy beverage and said a hurried hello, downed the shot, and went back to the bar. Apparently the book launch is for a Portuguese poet that Jenny doesn't know, but she wanted to be supportive, stay tuned...

Rosie did tell me about a fantastic Thai massage she had, so I've tracked down the salon and the therapist and booked myself in for this afternoon.

[abletax]

Abletax Business Solutions offers exceptional business tax planning services in Melbourne, which are dedicated to helping small businesses navigate the complexities of tax compliance and financial management. 

Our small business tax accountants expertise ensures your business remains compliant while optimising your financial strategy to enhance cash flow and profitability.

We understand businesses' challenges in maintaining profitability amidst rising expenses, and our solutions are tailored to meet these needs effectively.

By working with a professional accounting firm like Abletax, you can focus on your business's core operations while we handle the intricacies of tax planning and compliance.

Our comprehensive services are centred around evaluating your financial situation to implement effective tax strategies that benefit your business. We take a client-focused approach, ensuring you receive personalised advice and solutions catering to your needs. From minimising unexpected tax liabilities to advising on financial structures that promote growth, our team is dedicated to your financial success.

Critical services offered by Abletax include:

Comprehensive Tax Planning: We provide tailored tax strategies that help maximise your business's financial health by reducing tax liabilities and ensuring compliance with current tax laws.

Self-Managed Super Funds (SMSF): Our expert team manages all aspects of SMSF, from setup to compliance, ensuring your superannuation funds are optimally structured and managed for maximum benefit.

Small Business CGT Concessions: We specialise in small business capital gains tax concessions, helping you take advantage of available exemptions to save significantly on asset sales.

With Abletax Business Solutions, you gain access to a team of dedicated professionals who are always ready to assist you in reaching your financial goals. Our strategic business tax planning in Melbourne is designed to support your business growth efficiently.

Contact us today to discover how you can enhance your financial strategy while ensuring compliance with the reliable services offered by Abletax. Let's elevate your approach!

[legalcaseinperth]

HR Advice Perth: Key Legal Case Underlines Employer Compliance Responsibilities

The Fair Work Ombudsman (FWO) has recently initiated legal action against a Gold Coast-based transport company, AWT Transport Pty Ltd, as well as its accountant, Robert Reynolds. This legal step follows an FWO investigation that began after a casual driver employed by AWT Transport between February 2019 and August 2021 requested assistance over potential underpayment issues.

The investigation concluded that AWT Transport may have underpaid the driver’s kilometre-based rate as per the guidelines of the Road Transport (Long Distance Operations) Awards of 2010 and 2020. In November 2022, the FWO issued a Compliance Notice instructing AWT Transport to recalculate the driver’s pay and provide the required back payment. The FWO alleges that AWT Transport failed to address this directive, with no valid justification.

The case also involves Mr. Reynolds, an external advisor authorised by AWT Transport to address the Compliance Notice. However, it is alleged that he did not fulfil these obligations, marking the first instance where the FWO has taken legal action against a third-party advisor due to compliance failure. The FWO claims AWT Transport was obligated to pay $11,917 to fulfil the Compliance Notice, with potential penalties of up to $33,300 for AWT Transport and $6,660 for Mr. Reynolds. Additionally, the FWO seeks a court order mandating that the outstanding amount, along with applicable interest and superannuation, be paid to the driver.

Anna Booth, Fair Work Ombudsman, reiterated the importance of compliance with workplace laws, stating that the FWO will act decisively when employers fail to meet their legal obligations. "We act to uphold employee rights, and this case serves as a reminder that non-compliance can also affect third-party advisors," said Ms. Booth.

The case was brought before the Federal Circuit and Family Court in Brisbane, with a directions hearing scheduled for 4 November 2024. The FWO encourages employees with concerns about their pay or entitlements to reach out for assistance. The FWO provides an accessible Compliance Notice course for employers to help them understand their obligations, alongside various resources for small businesses on their online learning platform.

For comprehensive HR Advice in Perth, businesses are encouraged to consult qualified HR companies for support in managing HR compliance effectively, helping to avoid costly penalties and ensure adherence to workplace regulations.

[jameshayesfp]

Best Superannuation Advice in Australia | James Hayes

For the best superannuation advice Australia, look no further than James Hayes. With a deep understanding of the complex superannuation landscape, James offers tailored strategies to help you maximize your retirement savings. His expert guidance ensures you navigate regulations effectively, making informed decisions that align with your financial goals. Trust James Hayes to secure your financial future through effective superannuation planning.

[virtusuper]

Superannuation Advice Experts in Brisbane

If you establish an SMSF, you are in charge; you make investment decisions for the fund and are held accountable for complying with superannuation and tax laws. Superannuation Advice Brisbane is the best way for you. It's a major financial decision for you that saves your time and skill. This may be a better alternative for your super savings.

[retirewiseaustralia]

Retirewise is Committed to Support Self-Funded Retirees And All Customers By Helping People Meet Their Specific Financial Goals. Our Manifesto Outlines Our Dedication.

Visit: https://retirewise.com.au/about-us/our-manifesto/

[australiawidewealthservices]

Superannuation Financial Advice in Australia

Maximize your superannuation with professional advice from Australia Wide Wealth Services. We provide tailored superannuation strategies for Australians looking to boost their retirement funds. Contact us today for a secure financial future.

For more read here - https://australiawidewealth.com/superannuation/

[lifesuperplanfinancial]

Retirement Advisor Near Me

A Retirement Advisor Near Me helps you create a clear plan for your retirement years. With expertise in savings strategies, superannuation, tax implications, and estate planning, they make sure your retirement funds last. Having a nearby advisor means you can benefit from face-to-face consultations and advice customized to your area. They can adjust your plan as your life circumstances change, providing personalized support throughout your retirement journey. A retirement advisor near you ensures you have easy access to reliable guidance to confidently plan for a financially secure retirement.

[financialplanningconsultant]

Schedule a Free Financial Advice by Sending Request Explaining Advice Needed Areas

Trustable financial services companies offer free financial advice if you provide them the area of financial service you are interested in and they can get back to you with proper advice. These firms ensure that their qualified financial advisors can guide you from different backgrounds. Their every personal and business financial advisor their firm has on staff is accredited and experienced in creating financial plans that help clients to prepare budget, invest, and get the most out of their finances. These financial advisors can provide financial advice in the areas of business, aged care, superannuation and investment property. Their business financial advisors will help business owners to prepare and analyse financial data about their business.

Their superannuation financial advice in Australia will help clients who need advice about gaining access to the funds in their superannuation account. They can provide advice regarding withdrawing superannuation funds and devise and implement effective strategies that can streamline this process and fulfil the clients’ wishes. If you wish to access funds from your superannuation fund, these businesses’ superannuation advisors can provide you with valuable advice that helps you to navigate the process. These financial companies claim that they are known for providing trusted superannuation advice in Australia to clients from various backgrounds, using proven and practical strategies to streamline the superannuation withdrawal process and ensure their obligations will be met.

Importance of Hiring Professional Financial Advice:

Verified researches show that a financial adviser is a professional who helps people manage their money wisely and thereby ensure their financial stability. Because of their years of experience, they are qualified and knowledgeable to advise you on where to invest at any given time. This is due to the fact that they have dealt with a range of financial challenges and are therefore knowledgeable about what works and what doesn't, depending on the particular needs and goals of each individual. The skills and knowledge of these professionals are put to use to make sure your money is wisely spent. When you're at work, financial advisors can help you make your money work for you. They can handle a variety of economic issues and identify the best strategies to build money.

In conclusion, financial firms offer various services including financial advice, financial planning and more.  Anyone searching for these services should contact a nearby financial firm.

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[maranofamilylawyers]

Family Solicitors Can Help With Divorce, Separation and Property Settlement

Family solicitors help with legal aspects of family relationship issues like divorce, separation, child custody and property settlement. They can also help with legal processes related to adoption and surrogacy as well as resolving family violence matters.

Family law in Australia encourages alternative dispute resolution methods such as negotiation and mediation to avoid going to court. However, there are instances when court involvement is required.

Divorce

Divorce is a formal Family solicitors Sydney dissolution of marriage and can have significant effects on your property settlement and child custody arrangements. It can also affect how much spousal support you’re entitled to. If you’re thinking about divorce, it’s important to seek legal advice before taking any action.

You may be able to reach an agreement with your partner about property division and parenting arrangements without obtaining a divorce. If you’re not able to reach an agreement, it’s best to speak to a family lawyer.

It’s also worth noting that Australia has a no fault divorce system, so you don’t have to prove that your partner was at fault in the breakdown of your relationship. There are certain requirements, however, including being separated for 12 months and proving that your marriage has irretrievably broken down. You’ll also need to provide a copy of your marriage certificate and an affidavit. Our team of Family solicitors Sydney can help you with all aspects of your divorce.

Separation

If your marriage or de facto relationship is ending, you need to consider many practical issues. These include parenting arrangements, property settlements and divorce proceedings. A Sydney family lawyer can help you navigate the process and get what you are entitled to.

Family lawyers can also help with family dispute resolution, which includes mediation services. They can also assist with drafting and reviewing financial agreements, often referred to as pre-nups. These documents set out how a married or de facto couple’s assets, such as property, superannuation, debts and maintenance will be divided if the relationship ends. Legal advice must be obtained before signing a financial agreement to ensure that it is valid and enforceable.

Choosing the right family law firm is essential for those facing separation or divorce. A good firm will combine technical expertise with empathy and compassion to achieve the best outcome for their clients. They will be available to speak with you at any time and will provide clear, straightforward legal advice.

Child Custody

Child custody issues can be among the most emotionally fraught aspects of a separation or divorce. Our Sydney family lawyers provide clear guidance and informed decision-making during this difficult time.

Australian family law focuses on the best interests of children as the primary consideration in crafting parenting arrangements. This includes major long-term decisions such as the children’s education, religious and cultural upbringing, health and name. These decisions should be made jointly wherever safe and practicable.

The court will consider a range of factors when making these decisions and will balance the needs of the child against the rights of each parent. Our team can help you decide what arrangements will be in your child’s best interests and assist with drafting formal agreements called consent orders which will have the same legal effect as a judgment made by a judge after a court hearing.

Our lawyers can also help you challenge a child support assessment if it is unreasonable or unjust. This may be due to a change in your income or that of the other parent, an error in the calculation of care percentage or other extenuating circumstances.

Property Settlement

When a Legal advisor Sydney breaks down, it is vital that you seek expert legal advice about property settlement. Our family lawyers will help you with all aspects of the process including determining which assets are part of the ‘net asset pool’ for distribution and arranging suitable property agreements.

When it comes to dividing property, both parties have an obligation to disclose all their current assets and liabilities. This includes identifying and valuing all existing property (including interests in trusts, companies and partnerships) as well as superannuation entitlements. It also includes revealing whether such assets have been disposed of since separation.

The Court will decide how to divide the net asset pool by considering each party’s contributions (both financial and non-financial) to the relationship as well as their future needs. The aim is to achieve a just and equitable outcome for all parties. A key part of this is ensuring that both parties are adequately financially supported after a divorce or separation.