Windmill Financial Planning

Windmill Financial Planning Working with you to achieve financial freedom

We celebrated our baby bear Wylie’s 🐻‍❄️ 4th birthday at Flamingo Beach Club 🎂🌴 Who can believe our baby is 4!? Four yea...
27/05/2026

We celebrated our baby bear Wylie’s 🐻‍❄️ 4th birthday at Flamingo Beach Club 🎂🌴

Who can believe our baby is 4!? Four years of love, laughs and chaos with this one! And if that wasn’t enough excitement, we are also obsessed with Eva, our new puppy we rescued 🐶💕 Best kind of celebration. Happy 4th birthday Wylie, we love you so much! 🎉

Q: I'm about to go on parental leave. I've heard the government now pays super on Paid Parental Leave, how does that wor...
21/05/2026

Q: I'm about to go on parental leave. I've heard the government now pays super on Paid Parental Leave, how does that work?

A: From 1 July 2025, parents of children born or adopted on or after that date are entitled to receive a superannuation contribution on their government funded Parental Leave Pay. The ATO pays the equivalent of 12 per cent of your Parental Leave Pay directly into your nominated super fund as a lump sum after the end of the financial year in which you received the payments.

For a parent taking the full 24 weeks of leave at the current daily rate of $189.62, based on the national minimum wage, this works out to roughly $2,700 in super, plus a small interest component to account for the delay in payment. The ATO pays the contribution after the end of the financial year in which Parental Leave Pay was received, so the first payments will flow from July 2026 onward. If you share leave with another parent, a contribution is paid to each person's fund based on their share of the payments.

It's important to be aware that this contribution is taxed at 15 per cent in your super fund and counts towards your concessional contributions cap of $30,000. If you're also receiving employer super contributions or making salary sacrifice contributions in the same year, you'll want to keep an eye on total concessional contributions to avoid exceeding the cap. Your adviser can help you factor this into your broader contribution planning, especially during a period when your income and work arrangements may be changing.

Visit our blog for more or click the link in our bio 🔗 windmillfp.com.au/qa-ask-a-question/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Regularly reviewing your retirement goals keeps your finances aligned, adapts to life changes, and builds confidence tow...
18/05/2026

Regularly reviewing your retirement goals keeps your finances aligned, adapts to life changes, and builds confidence toward long-term financial freedom. Getting ready for a few meetings online and in person. Always ready.

Q: I work part time and my income isn't very high. Is there anything the government offers to help boost my super?A: Yes...
18/05/2026

Q: I work part time and my income isn't very high. Is there anything the government offers to help boost my super?

A: Yes, the government co contribution is specifically designed for lower income earners. If your total income is $62,488 or less for the 2025–26 financial year and you make a personal after tax contribution to your super, the government will match it at 50 cents per dollar, up to a maximum of $500. To receive the full $500, your income needs to be at or below $47,488 and you need to contribute at least $1,000 from your own after tax money. The co contribution phases out progressively between those two thresholds.

You don't need to apply. If you lodge a tax return and your fund has your tax file number, the ATO works out your eligibility automatically and pays it directly into your super account. To qualify, you must earn at least 10 per cent of your total income from employment or business, be under 71 at the end of the financial year, and have a total super balance below $2 million.

For someone on a modest income, a guaranteed 50 per cent return on a $1,000 contribution is difficult to match with any other investment.
Visit our blog for more or click the link in our bio 🔗 windmillfp.com.au/qa-ask-a-question/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Q: My partner and I have quite different super balances. Is there a way to move some of my super across to help even thi...
14/05/2026

Q: My partner and I have quite different super balances. Is there a way to move some of my super across to help even things out?

A: There is, it's called contribution splitting, and it allows you to transfer up to 85 per cent of your concessional (before tax) contributions from the previous financial year into your spouse's super account. This includes employer contributions and any personal contributions you've claimed a tax deduction for. The money has already been taxed at 15 per cent in your fund, so the transfer doesn't trigger any additional tax.

The benefit is structural rather than immediate. Over time, consistent splitting can gradually build the lower balance partner's account, giving a couple more combined flexibility in retirement.

Two reasonably balanced accounts mean both partners can make full use of their individual transfer balance cap, currently $2 million, to move super into the tax free pension phase. One large account is more likely to exceed the cap, leaving excess earnings taxed at 15 per cent.

It's worth noting that splitting doesn't reduce the amount counted against your own concessional contributions cap, and your spouse must generally be under preservation age to receive the split. Your adviser can help you work out whether splitting makes sense for your situation and how to get the paperwork in order.
Visit our blog for more or click the link in our bio 🔗 windmillfp.com.au/qa-ask-a-question/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Whether you are buying your first home, refinancing, investing in property or looking for business finance, having the r...
14/05/2026

Whether you are buying your first home, refinancing, investing in property or looking for business finance, having the right person in your corner can make all the difference.

A mortgage or finance broker does more than just find you a loan. They take the time to understand your situation, compare options across multiple lenders, and guide you through the whole process from application to settlement and beyond.

It is not only about getting a good rate. It is about finding a solution that suits your cash flow, your plans, and your future.

Read the full article at the link in our bio or click the link 🔗 windmillfp.com.au/why-use-a-mortgage-or-finance-broker/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

💰 The 2026-27 Federal Budget is here and there is a lot to unpack for everyday Australians.Here are 5 key changes that c...
13/05/2026

💰 The 2026-27 Federal Budget is here and there is a lot to unpack for everyday Australians.

Here are 5 key changes that could affect your wallet:
✅ $250 tax offset for workers from 2027-28
✅ $1,000 work deduction with no receipts needed
✅ Income tax rate cut from 16% to 14% by 2027
🏠 Negative gearing limited to new housing only
🏦 Super and SMSF CGT settings unchanged

These are proposed measures not yet passed into law, so now is the perfect time to review how they may affect your financial plan.

📖 We have broken down every detail in our full blog analysis. Head to the link in our bio to read what the 2026-27 Federal Budget means for you and your money.

👇 Have questions? Drop them in the comments or send us a DM and Marcus will get back to you.

⚠️ General information only, not personal financial advice.

In most couples, one partner ends up with a significantly larger super balance than the other. Different incomes, time o...
11/05/2026

In most couples, one partner ends up with a significantly larger super balance than the other. Different incomes, time out of the workforce, part time work during the school years, it all adds up over time.

But two reasonably balanced super accounts can produce a better combined outcome in retirement than one large and one small. More tax efficiency, more flexibility, and more options when you need them most.

From contribution splitting to spouse contributions and the government co contribution, there are real strategies available to help make the super system work for both of you.

Read the full article at the link in our bio or click the link 🔗 windmillfp.com.au/building-super-as-a-couple/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Peer pressure doesn't stop when you grow up. It just gets quieter. It shows up in the holidays booked on credit, the nig...
07/05/2026

Peer pressure doesn't stop when you grow up. It just gets quieter. It shows up in the holidays booked on credit, the nights out you can't really afford, and the feeling that everyone else is ahead of you.

But here's the truth. You are not behind. You are just playing a longer game. Being intentional with your money is not about missing out, it is about choosing what actually matters to you.

Your goals don't need to look like anyone else's. Choose them anyway.
Read the full article at the link in our bio or click the link 🔗 windmillfp.com.au/resist-peer-pressure-and-achieve-your-goals/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

Most people think about building wealth through investments, property and super. But there is one part of a strong finan...
06/05/2026

Most people think about building wealth through investments, property and super. But there is one part of a strong financial strategy that often gets overlooked: insurance.

The right cover protects your family, your business and everything you have worked hard to build. From life insurance and income protection to TPD and trauma cover, having the right policies in place can mean the difference between staying on track and watching years of planning unravel overnight.

Life is unpredictable. Your financial plan should be ready for that.
Read the full article at the link in our bio or click the link 🔗 windmillfp.com.au/the-silent-partner-in-your-wealth-plan/

As always, speak to us before making any financial decisions. Every situation is different and we're here to help you get yours right.

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Sydney, NSW
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