The end of financial year is just around the corner, and this is a great time to give your retirement savings a boost and possibly save on tax. There are several strategies you can look at depending on your circumstances and it is always wise to consult your adviser about what is best for you.

With the emergence of AI, cybercrime is increasingly sophisticated and the need for vigilance can’t be overstated. Scammers are usually after your bank details, home address and personal identification details to use elsewhere. They can create havoc in your life, so it is best to be alert to the red flags, so you don’t become their next victim.

 Here are the top scams to look out for in 2024:

Most of us are partial to the odd New Year Resolution but financial resolutions are really about goal setting. We suggest getting serious and writing them down if you want to see a successful outcome at the end of the year. Setting intentions and taking action is the key.

The idea of being mortgage free is very appealing and often a key financial goal for our clients. Paying off your home loan as quickly as possible to avoid paying excess interest can be a good strategy. However, there can be considerable tax savings made by contributing extra dollars into superannuation. The question is, how you should be optimising spare funds?

If you haven’t seen a financial planner before, the idea of sharing your private money matters can feel daunting. When you come to Dobbrick Financial Services you can be assured that you are entering a safe, non-judgemental space. We are proud of the long track record we have helping our clients to reach their financial goals. A huge part of the success of our business relies on the trusting relationships we have built with our clients.

A young couple who recently visited us highlighted the importance of remaining engaged with your financial adviser as life moves on and your circumstances change.

Austin and Erin had put a plan in place seven years ago, but they have since had two children and the economic climate has changed considerably. Their plan was no longer relevant to their needs or goals. Among other things, educating their children at a private school was important to the couple - and they were hoping to afford an overseas trip.

After doing a thorough review, we came up with some new solutions for our clients.

Jane and Damian came to see us last year. A property sale had provided them with a good return, but they were anticipating a large capital gains tax bill. They were also starting to worry about their retirement and were concerned that they had some work to do before they could even think about slowing down.

Paul Dobbrick, director and adviser in the Gympie office explains how he helped with a strategy for them to retire earlier than they thought possible.