Finance News

So the kids are off to school, what about you?

So the kids are off to school, what about you? Authors: Josephine Koulouris & Julie Centofanti Returning to the workforce after being a primary carer can be an exciting time. It’s also an opportunity to make some clever decisions to safeguard the financial security of yourself and your dependents. There are a number of important things to consider: Superannuation Time spent out of the workforce will affect your income as well as your superannuation. No matter your age, ensuring that you are continuing to build your superannuation is an essential part of setting up for an economically independent and secure future. Insurance It is important to have the right insurances to cover for any unfortunate events that may impact your family’s financial security. For example, if you are taken out of the workforce for illness or injury, the appropriate insurance can protect your loved ones and dependents from what would otherwise be a severe financial hardship. Beneficiaries A beneficiary is a person you nominate to receive your superannuation benefits in the event of your death. Nominating a beneficiary can give you peace of mind and ensure that the most important people in your life are taken care of.   Returning to the workforce is an exciting stage in one’s life. Building for your family’s future is paramount. For help and support in making these decisions, get in touch with one of our experienced financial planners on (03) 9908 3390.   General Advice Disclosure: This document contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, AMP Financial Planning and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/or a percentage of either the premium you pay or the value of your investment. Please contact us if you want more information.

ASCK Pty Ltd (ACN 105 450 566), trading as AMEGA Financial Solutions is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited Australian Financial Services Licensee and Australian Credit Licensee 232 706. General advice warning: This website contains general information only. It does not take into account your objectives, financial situation or needs. Please consider the appropriateness of the information in light of your personal circumstances.

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