Financial Insights & Updates - April 2023

Welcome to the April issue of Financial Insights and Updates.

The year seems to have flown past and we are now in the second quarter of the year, with Easter over and ANZAC Day coming up. This month we have our first quarterly economic update for the year.

Other articles this month include ‘SMSF – The Next Gen’, which looks at the rising number of Australians under 45 setting up SMSFs, ‘Transitioning into Retirement’, which looks at options for those close to retirement with regards to their superannuation accounts and ‘The benefits of reinvesting your income distributions’, which considers the compounding growth that can achieved by having a higher investment balance.

In signing off, please remember that we are always available to answer any questions or queries you may have and to come speak with us before making any major investment decisions.

Warm regards,

The Team at Nixon Financial Services Pty Ltd

Feature Article:

Quarterly Economic Update - January to March 2023

Economists’ eyes will remain focused on the Reserve Bank of Australia throughout this quarter and whether it will continue to push interest rates ever higher in its continued battle to reduce the domestic rate of inflation.

SMSF – The next gen

While self-managed super funds have long been the preserve of older Australians with time on their hands and large superannuation balances, new data suggests that younger Australians are increasingly choosing to take direct control of their superannuation savings.

The big mistake you should avoid if you plan to contest a will

Disputing a will was once something mainly rich people did. But these days it is more common across the board.

Transitioning into retirement: What you should know

Deciding on your retirement funding options in retirement comes down to what makes the most sense for you.

Urgent UK State Pension deadline – Don’t miss out!

There are pending changes to the UK State Pension which can dramatically impact the amount of pension eligible individuals can receive in retirement.

The benefits of reinvesting your income distributions

Reinvesting the income distributions you receive from an ETF or managed fund can make a huge difference to your investment returns over time.

An investment gift for growing children

Investing for your kids is a long-lasting investment in their future. So, what about a special financial gift that will keep on giving for many years to come? In fact, beyond the monetary aspect, it’s a gift that should impart important lessons that can last a lifetime.