Endorphin Wealth welcomes Mecki Ansari

We’re very excited to announce that Endorphin Wealth has expanded the team in Sydney – welcoming Mecki Ansari as Senior Financial Adviser. Mecki joins us with over 12 years of experience in the financial services industry, and is a fully qualified financial adviser who is also currently pursuing a Masters of Financial Planning.

I specialise in offering comprehensive investment management and retirement planning advice to individuals who are ready to be mentored by a professional.

I am passionate about being a personal finance coach for my clients and helping them build towards their dream retirement. I only act in the best interest of my clients and provide unbiased advice and recommendations.– Mecki Ansari

Mecki Ansari

Mecki has already impressed us with her professionalism and dedication to helping Endorphin Wealth provide goal-based advice to our clients. See below her LinkedIn profile and her email if you would like to find out more about the services Mecki provides.

Mecki Ansari | LinkedIn

mecki@endorphinwealth.com.au

Endorphin Wealth welcomes Steven Alesi

We are excited to announce that Endorphin Wealth has expanded the team in the Melbourne office – welcoming Steven Alesi. Steve officially joins us as an Implementation Officer, whilst also currently completing his Bachelor of Commerce.

Initially, I joined Endorphin Wealth Management as an intern, where I was deeply immersed into the world of financial advice.

I find it extremely fulfilling to see the various ways our advisors support and guide clients, helping them become more confident about their lifestyle and financial goals – Steven Alesi

Steven Alesi

Steven has already impressed us with his ability and dedication to helping us provide goal-based advice to our clients. See below Steven’s email and LinkedIn. If you would like to find out more about the services Endorphin Wealth provides, please contact us via phone (03) 9190 8964 or email advice@endorphinwealth.com.au.

steven@endorphinwealth.com.au

Steven Alesi | LinkedIn

Endorphin Wealth Introduces Kristy Farrell

We are thrilled to introduce you to one of the hardest working members of Endorphin Wealth’s team – Kristy Farrell. Kristy has been working at Endorphin Wealth as our Financial Reporting & Accounts Officer for a few years, having undertaken her Diploma of Business Management.

I gained a passion for providing essential support to the operations of a business, through my previous roles in administration and accounts.

I love that my position at Endorphin Wealth helps keep the cogs of the business turning in the background, and I get to play with numbers, data and reports that helps support the management team in making vital decisions for the business – Kristy Farrell

Kristy Farrell

Kristy is always impressing us with her ability and dedication to helping us provide goals-based advice to our clients. See below Kristy’s email and LinkedIn. If you would like to find out more about the services Endorphin Wealth provides, please contact us via phone (03) 9190 8964 or email advice@endorphinwealth.com.au.

kristy@endorphinwealth.com.au

Kristy Farrell | LinkedIn

Endorphin Wealth welcomes Christine Webb

We are excited to announce that Endorphin Wealth has expanded the team in the Melbourne office – welcoming Christine Webb. Christine officially joins us as our Support Team Manager, having over 6 years of experience in the financial planning industry.

Christine has also completed her Diploma of Financial Planning with Kaplan Professional.

My experience in the financial planning industry ranges from working in boutique firms to large organisations.

I enjoy building relationships with clients and I look forward to working with the team to ensure we provide the highest level of support for a superior client experience – Christine Webb

Christine Webb

Christine has already impressed us with her ability and dedication to helping Endorphin Wealth provide goal-based advice to our clients. See below Christine’s email. If you would like to find out more about the services Endorphin Wealth provides, please contact us via phone (03) 9190 8964 or email advice@endorphinwealth.com.au.

chris@endorphinwealth.com.au

Endorphin Wealth welcomes Matthew Wallder

We are thrilled to announce that Endorphin Wealth has expanded the team in the Melbourne office – welcoming Matthew Wallder. Matt officially joins us as an Investment and Compliance Officer, having initially worked as a financial intern.

Matt is currently studying a Bachelor of Commerce at Monash University with a specialization in finance.

I enjoy assisting the advisers to provide advice to our clients, and find it rewarding seeing the positive impact it has on our client’s lives

My key interests in my studies so far are financial advisory, portfolio management, securities trading and corporate finance – Matthew Wallder

Matthew Wallder

Matt has already impressed us with his ability and dedication to helping Endorphin Wealth provide goal-based advice to our clients. See below his LinkedIn profile and his email. If you would like to find out more about the services Endorphin Wealth provides, please contact us via phone (03) 9190 8964 or email advice@endorphinwealth.com.au.

Matthew Wallder

matt@endorphinwealth.com.au

2021-22 Federal Budget

Federal Budget Summary

On the 11th of May, treasurer Josh Frydenberg delivered his third and maybe his most important federal budget. Australia has emerged from the pandemic relatively unharmed. This year’s budget aims to reinforce that resilience through economic growth and stimulation.

Referred to as the ‘pandemic budget’, this year’s federal budget saw major changes around aged care, health, infrastructure, tax changes and superannuation shifts. These changes are made with the goal of reducing tax strain for individuals and businesses. As a result, it aims to drive down unemployment and support consumer confidence.

Please see our summary below on some of the key highlights, if you have any questions, we are happy to help!

 

Tax Flexibility and Clarity

  • Low and middle-income tax offset (LMITO) is to be kept for 2021/2022. The LMITO is a tax rebate of up to $1,080 offered to low and middle-income earners. Taxpayers with a taxable income of between $48,000 and $90,000 are eligible for the maximum offset of $1,080. Those with taxable income of between $90,000 and $126,000 are also eligible, on a reduced scale.
  • Also, Taxpayers will now be able to self asses the effective lives of certain intangible depreciating assets. This includes items such as patents, registered designs, copyrights, and in-house software.
  • In addition, the government will provide capital funding to the ATO to build an online system. It’s goal will be to increase transparency and reporting clarity for not-for-profits claiming income tax exemptions.
  • From 1st of July 2022, corporate income derived from Australian medical and biotechnology patents will be taxed at a concessional effective corporate tax rate of 17%

Josh Frydenberg delivering the 2021-22 Federal Budget in Government house

 

Aged Care Security

  • Access to lump sums under the pension loans scheme. This is a reverse mortgage type loan provided by the government, designed to assist retirees to boost their retirement income. This will be done by unlocking equity in their Australian property. Older Australians can receive regular fortnightly payments, with payments accruing as a debt against their property.
  • In response to the Royal Commission into Aged Care Quality and Safety, the government is investing $17.7 billion over the next five years to improve the aged care sector.
  • Further, a new star rating will be implemented. This will allow aged care recipients and their families to compare aged care providers on performance, quality, and safety.

 

Superannuation

  • The downsizer contributions age has been reduced from 65 to 60. This will allow an after-tax contribution of up to $300,000 per person when the family home is sold.
  • Also, this year’s budget removes the current $450 per month minimum income threshold. These workers will now have Superannuation Guarantee paid by their employer.
  • In addition, from July 2022, individuals up to the age of 74 years old will be allowed to make or receive non-concessional or salary sacrifice super contributions without meeting their work test.

 

For further information check out the following links:

Budget.gov.au | 2021-22 Budget

 

Here at Endorphin Wealth, we are not licensed or owned by the big banks and financial institutions, so the advice we provide is always in our client’s best interests. We have the advantage of being able to access a range of products from different providers that can be tailored to our client’s goals and needs.

For an obligation free conversation about your financial future, please contact us on 03 9190 8964 or at advice@endorphinwealth.com.au

Endorphin Wealth welcomes Alexander Rankin

We’re very excited to announce that Endorphin Wealth has expanded the team in Melbourne – welcoming Alexander Rankin. Alex joins us with 6 years of experience in the financial services industry having previously held Financial Advising roles at other practices and as a Paraplanner.

Throughout my career I have had the pleasure of working with families and individuals from all walks of life – I regularly help doctors, teachers, electricians, carpenters to name a few. I understand no two clients are the same, however I can guarantee to provide the same high level of diligent service no matter what stage of life you find yourself.

Whether a client is at the beginning of a long career or approaching retirement, the skills and experience that I bring to the table have a significant positive impact on my client’s lives.– Alexander Rankin

Alexander Rankin

Alex has already impressed us with his professionalism and dedication to helping Endorphin Wealth provide goal-based advice to our clients. See below his LinkedIn profile and his email if you would like to find out more about the services Alex provides.

Alexander Rankin

alexr@endorphinwealth.com.au

2020 Federal Budget Analysis

The Federal Treasurer Josh Frydenberg, delivered the 2020 Federal Budget on 6 October 2020. As anticipated, the budget included bringing forward personal income tax cuts to deliver tax relief to low and middle income earners for the 2020-21 income year of up to $2,745 for individuals and up to $5,490 for dual income families.

The Treasurer also announced a range of taxation benefits for small and medium businesses, intended to stimulate the business sector leading to jobs growth.

Please see our brief summary below and if you have any questions then of course we’re here to help!

Personal income tax

  • Immediate tax relief: ’Stage two’ personal income tax cuts will be brought forward two years, and backdated to 1 July 2020.
  • Raised tax brackets: The upper threshold of the 19% tax bracket will rise from $37,000 to $45,000 and the upper threshold of the 32.5% tax bracket will rise from $90,000 to $120,000. This will be worth the equivalent of $41 a week to those earning between $50,000 and $90,000 a year, and about $49 a week to those earning more than $120,000 a year (source: https://budget.gov.au/calculator/index.htm).
  • Boost for workers on lower incomes: Workers on lower incomes will gain from an extension of the Low and Middle Income Tax Offset for a further 12 months until 30 June 2021, and increase in the Low Income Tax Offset.

Support for pensioners, low income earners, welfare recipients and job-seekers

  • Two cash payments: Aged pensioners, carers, disability support and concession cardholders will receive two $250 payments. The payments will be made progressively from 30 November 2020 and early 2021.
  • Incentives for employers to hire: A JobMaker Hiring Credit will be paid for a year to businesses who hire an eligible unemployed worker aged 16 to 35. The rate will be $200 a week for people under 30 and $100 a week for people between 30 and 35, and they must work at least 20 hours a week. The JobMaker Hiring Credit is aimed at filling the gap when the JobKeeper scheme ends next March.
  • Support to businesses employing apprentices and trainees: A wage subsidy will reimburse eligible businesses up to 50% of a new apprentice or trainee’s wages. Subsidies are capped at $7,000 per quarter, per eligible apprentice or trainee, capped at 100,000 places

Superannuation Reform

  • the Australian Taxation Office will develop systems so that new employees will be able to select a superannuation product from a table of MySuper products through the YourSuper portal
  • an existing superannuation account will be ‘stapled’ to a member to avoid the creation of a new account when that person changes their employment. Future enhancements will enable payroll software developers to build systems to simplify the process of selecting a superannuation product for both employees and employers through automated provision of information to employers
  • from July 2021 the Australian Prudential Regulation Authority will conduct benchmarking tests on the net investment performance of MySuper products, with products that have underperformed over two consecutive annual tests prohibited from receiving new members until a further annual test that shows they are no longer underperforming.

Business tax changes

  • Immediate tax write-off: Businesses with annual turnover of up to $5 billion can write off the full cost of eligible capital assets acquired from 7 October 2020 and first used or installed for use by 30 June 2022.
  • Loss carry-back: Companies with aggregated annual turnover of less than $5 billion will be able to apply tax losses from the 2019-20, 2020-21 and 2021-22 income years against previously taxed profits from the 2018-19 and later tax years by claiming a refundable tax offset in the loss year.
  • Specific changes for small business: Small businesses with a turnover of up to $50 million will be able to access up to 10 tax breaks, with fringe benefits tax scrapped on car parking, phones or laptops, simpler trading stock rules and easier PAYG instalments.

First home buyers

  • Purchase cap lifted: Up to 10,000 more first home buyers will be able to get a loan to build a new home or buy a newly built home with a deposit of as little as 5% (source: https://budget.gov.au/2020- 21/content/overview.htm). The purchase cap will also be lifted and varies depending on the State and regional area.

How Endorphin Wealth Management can help

We’re focused on advice, rather than product sales.

Here at Endorphin, we are not licensed by the big banks and financial institutions, so the advice we provide is always in our client’s best interests. We have the advantage of being able to access a range of products from different providers that can be tailored to our client’s needs. We also utilise subscriptions to four of the top research providers in Australia to cross reference our research and recommendations.

Comprehensive analytics and research

We invest a great deal of time and effort researching the best wealth management strategies for our clients and have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and superannuation funds carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your retirement goals and to create a happy and carefree retirement. We want all of our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9190 8964 or at advice@endorphinwealth.com.au

Endorphin Wealth – 2020 IFA Excellence Awards

We’re delighted to announce that the team at Endorphin have been named as a finalist for the fourth consecutive year in a number of categories for the upcoming 2020 IFA Excellence Awards.

Phillip Richards

Investment Adviser of the Year (2018, 2019 & 2020)

Holistic Adviser of the Year

Robert Rich

Client Servicing Individual of the Year (2019 & 2020)

Client Outcome of the Year

Risk Adviser of the Year

Glenn Malkiewicz

Goals Based Advisor of the Year (2019 & 2020)

Ray Kan

Transformation of the Year

Endorphin Wealth Management

Marketing Program of the Year

The ifa Excellence Awards showcases the industry’s most prestigious accolades recognising excellence across the entire independent financial services industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms which are leading the way in the industry.

“The ifa Excellence Awards pinpoints professional development and innovation, showcasing both the individuals and firms who are leading the way in the industry,” ifa editor Sarah Kendell said.

More information on the awards can be found here: https://www.ifa.com.au/excellence-awards/winners/2020-finalists

The winners will be announced at an online event on Thursday, 29th October.

Phillip Richards, Robert Rich, Jack Kilbride and Glenn Malkiewicz at the 2019 IFA Excellence Awards

How Endorphin Wealth Management can help

We’re focused on advice, rather than product sales.

Here at Endorphin, we are not licensed by the big banks and financial institutions, so the advice we provide is always in our client’s best interests. We have the advantage of being able to access a range of products from different providers that can be tailored to our client’s needs. We also utilise subscriptions to four of the top research providers in Australia to cross reference our research and recommendations.

Comprehensive analytics and research

We invest a great deal of time and effort researching the best wealth management strategies for our clients and have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and superannuation funds carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your retirement goals and to create a happy and carefree retirement. We want all of our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9190 8964 or at advice@endorphinwealth.com.au