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What risk insurances are vital as a contractor?

Insurance is something that we all hope we never have to use. However, in the rare event that you do, you’ll want to have all the provisions available to support yourself and your family financially. So, if you’re a contractor, what are the different types of risk insurance that you should invest in?

Navigating the world of finance when you’re a contractor!

– By Julie McKewin, Director of Finance While there may be exceptions to the rules, if you work in the world of contracting, below is a general guideline of how long you should be in your current role if you are looking to borrow money to buy a property; * in your current role for […]

Little Market Wrap & Random fun Facts!

– By Stacy L. Barnes, Superannuation & Investment Manager In a Nutshell August was an interesting month full of Geopolitical tensions triggering market turbulence with North Korea’s provocative missile testing countered with Trumps promise of ‘fire and fury’. The Euro made strong gains, coupled with with positive business surveys and improved credit growth. From a […]

Oncore Wealth: Investment Property or First Home Buyer?

-Julie McKewin, Director of Finance Do you own an investment property?  With 30 June 2017 fast approaching, have you considered your options to maximise you tax deductions on your investment property? Prepaying the coming years interest on your investment loan may provide you with an instant tax deduction. We recommend you speak to your Accountant, […]

Oncore Wealth: All the ladies – Let’s Take the Lead on Insurance Protection

-Stacy L. Barnes, Superannuation & Investment Manager The gap between men and women is closing in most facets of life. But it seems there’s one area females still have some catching up to do – protecting themselves with insurance.  In our view we believe the problem lies in the historical notion of the male being […]

Oncore Wealth: Budget Update 2017

Another year and another budget, whether or not there was much thought that went into this one is certainly up for debate, summary below: Super Contributing Proceeds from Sale of Home  EFFECTIVE 1 JULY 2018 Individuals aged 65 and over will be able to contribute up to $300,000 into super from the proceeds of the […]

Oncore Wealth: Trump’s impact on the investment market

Donald Trump’s victory in the US Presidential election has sent shock waves across the world. Even many Republicans have been surprised by the party’s unexpectedly strong performance, which is likely to see it keep a majority in both the Senate and House of Representatives, as well as winning the Presidency. The implications are far reaching, […]

Oncore Wealth: Amended Government superannuation package

Following extensive consultation, the Government has released an amended Superannuation package. Some measures remain largely unchanged while others, such as the lifetime $500,000 non-concessional cap and the removal of the work test for over-65s, have been replaced or scrapped altogether. Once legislated, most measures will take effect from 1 July 2017. There are still many […]

Growing your Super: Getting it right as a contractor

Being a contractor certainly has its perks. For one, you’re able to pick the jobs that suit you, in the regions where you want to work. What’s more, it’s easy to grow your skill set by working on a large number of diverse projects, sometimes in entirely different industries. Australian IT contractors especially are in […]

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