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http://www.prestigewealthgroup.com.au/

Prestige Wealth Group Pty Ltd, 1126 Summerland Way WIANGAREE, Wiangaree (2026)

13/05/2026

A Shift in How Australians Build Wealth

The recent budget changes represent a significant shift in how future Australians may build wealth outside superannuation.

A large part of the public debate has focused on housing affordability and reducing investor demand for established property. The Government’s position is that changes to negative gearing, capital gains tax concessions and investment structures are designed to improve fairness and housing access for future generations.

However, the practical impact of these changes is likely to fall differently across generations.

Existing investors who already hold assets generally retain current arrangements through grandfathering provisions. In contrast, younger Australians looking to begin investing in the future will operate under a more restrictive framework.

At the same time, superannuation continues to become the primary tax-effective vehicle for long-term wealth accumulation. While super remains highly valuable for retirement planning, it is also subject to preservation rules and ongoing legislative change, which has led some Australians to seek diversification outside the super system.

Historically, many Australians used a combination of:
• Superannuation
• Investment property
• Family trusts
• Share portfolios
• Small business ownership

to build both retirement wealth and accessible pre-retirement capital.

The direction of current policy appears to place greater emphasis on wealth accumulation within superannuation, while reducing some of the tax advantages previously available for building wealth outside of it.

Supporters of the reforms argue this improves equity and housing affordability.

Critics argue it may reduce flexibility and make it harder for future generations to build accessible long-term wealth compared to those who invested under previous settings.

Regardless of political views, the broader takeaway is clear:

The rules around wealth creation in Australia are changing, and younger Australians entering the system in the coming years may face a materially different investment environment from those who came before them.

Disclaimer: This is general commentary only and does not constitute personal financial, tax or legal advice. The information is based on currently proposed policy settings and publicly available information at the time of writing, which may change. Individuals should seek professional advice specific to their own circumstances before making financial decisions.

04/05/2026

Super insurance costs are rising — here’s what it means for you

Insurance inside super just got a lot more expensive.

Cbus members are facing an average 46% increase in death and TPD cover from 1 July.

And it’s not just one fund…

* Commonwealth Super Corporation (PSSap) → ~43% increase in TPD cover
* AustralianSuper → ~40% increase in TPD cover

Why is this happening?

Across the board:

* Claims are rising (especially injuries + mental health)
* Insurance costs are going up
* More people are relying on cover inside super

In short: insurers are paying more out, so premiums are going up.

What most people don’t realise

This doesn’t just affect your insurance…

Higher premiums mean:

* Less going into your retirement savings
* Your super balance grows slower
* You could be paying for cover you don’t actually need

What you should do (this is the important bit)

✔ Check what cover you actually have
✔ Make sure it still suits your situation
✔ Look at whether it’s structured properly
✔ Compare costs — not all funds price the same

The bottom line

Insurance in super is important — but it’s not “set and forget”.

With increases like this, it’s worth checking you’re not overpaying or set up the wrong way.

If you want me to take a look at yours and tell you if it still makes sense, just send me a message.

01/05/2026

Your employer's 12% super contribution is a fantastic starting point, but for most individuals, it's merely the beginning of an incredible journey, not the final destination.

Why 12% is just the starting point
Superannuation has taken decades to reach 12%, which is a remarkable milestone. However, if you aspire to a truly comfortable retirement, relying solely on employer contributions often falls short, particularly with increasing life expectancy and rising living costs.

The upside is that you can take control and unlock your full potential
Adding extra funds to your super is one of the most tax-effective strategies available, and it's a great way to invest in yourself.

Two simple ways to boost your super

1. Concessional (before-tax) contributions
• Includes salary sacrifice or personal deductible contributions
• Cap: $30,000 (including your employer's 12%)
• Taxed at 15% (versus up to 47% personally)

This is where most individuals derive the greatest tax benefit and can make a real difference in their retirement savings.

2. Non-concessional (after-tax) contributions
• From money you've already paid tax on
• Cap: $120,000 (or up to $360,000 using bring-forward rules)
Great for building wealth once debt is under control or after receiving a lump sum.

Three smart strategies to help you thrive

1. Salary sacrifice
Put a small amount of your pre-tax salary into super, reducing tax and building your balance faster. It's a simple yet powerful way to take control of your finances.

2. Carry-forward contributions
If your super is under $500k, you may be able to contribute more using unused caps from the last 5 years. Some older amounts expire soon, so don't miss this incredible opportunity.

3. Government co-contribution
Earn under ~$62k? Put in after-tax money, and the government may add up to $500. It's one of the easiest wins available, and it's a great way to boost your retirement savings.

Important thresholds to know

• Earn over $250k → extra 15% tax (Division 293)
• Earn under $37k → government refunds your contributions tax (LISTO, up to $500)

What's changing

From 1 July 2026:
• Concessional cap → $32,500
• Non-concessional cap → $130,000

Good news, but acting now (especially for carry-forward) can be more valuable than waiting. Don't miss out on this opportunity to take control of your retirement savings.

Bottom line

Your employer gets you started, but it's up to you to create the retirement you deserve. Your strategy determines how comfortable retirement actually is. Even small contributions today can make a significant difference later. So, take the first step towards a brighter financial future today.

General advice only. Consider your personal situation and speak with a financial adviser before making decisions.

30/04/2026

Why the Stock Market Can Rise While People Feel Worse Off

It feels confusing right now. You hear about job cuts, rising costs and pressure on households, but the share market keeps going up.

The reason is simple. The stock market is not the economy.

The economy is about people – jobs, wages and cost of living. The market is about company profits and what investors think those profits will be in the future. They don’t always move together.

Right now, companies are getting more efficient. AI and automation are helping businesses do more with fewer people. That can increase profits even if it means job losses. Good for markets, tough for workers.

Big companies also benefit first. The large listed businesses that dominate the market have the money and scale to invest in AI and grow. Smaller businesses and everyday workers often don’t see those benefits straight away.

The market also looks ahead. It doesn’t focus on how things feel today. It focuses on what profits might look like in the future.

What we’re starting to see is a split. Investors and people with assets benefit from growth, while some workers face job pressure or slower wage growth. AI is likely to make that gap more noticeable.

So what does this mean?

Just because things feel tough doesn’t mean markets will fall. Staying invested still matters. Your super is already invested in these markets, so you are part of it whether you realise it or not. But it also means it’s important to understand where your money is invested and how it’s positioned.

The bottom line is this. The market can do well even when people are struggling. That’s always been true, but it may become more obvious in the years ahead.

If you want to understand how your super or investments are positioned in this environment, reach out. Happy to have a chat.

02/04/2026

Do you have your super or insurance with AustralianSuper?

There’s been a noticeable increase in insurance premiums lately — especially for TPD.

This isn’t just one fund. It’s happening across the whole industry.

Why premiums are going up?

Most insurance inside super:
• Is set up automatically
• Doesn’t require health checks

So people who are already unwell can still get cover. That sounds good — but it means more claims, which pushes premiums up for everyone.

On top of that:
• A lot of people have default income protection (usually 2 years)
• These policies get claimed on more often

What this means for you?

There’s a good chance:
• You’re paying more than you need to
• Your cover might not be as strong as you think

In many cases, you can:
• Get better quality cover
• Have more certainty long term
• And sometimes even pay less

And yes — you can still pay for it through your super if needed.

Bottom line!

Insurance isn’t “set and forget” — especially right now.

Want to check yours?

If you haven’t reviewed your cover in a while, it’s worth a quick look.

Send me a message and I’ll help you work out:
• What you’ve got
• What it actually does, and;
• If there’s a better option

No pressure — just clarity!

12/03/2026

Many Australians in their 40s and 50s are thinking about retirement… but surprisingly, many still don’t have a plan.

Recent research surveying 2,000 Australians found that Generation X (45–60) are actually the least prepared for retirement, even though they are the most likely to say they intend to create a financial plan.

The challenge?
Good intentions don’t always turn into action.

The research found:

• Only 46% of Australians approaching retirement actually have a plan
• Just 37% of people aged 45–60 feel prepared for retirement
• 41% say they plan to create a financial plan – the highest of any generation
• But 22% say they don’t plan to at all

Interestingly, those who do have a plan feel far more confident about their future. On average they:

• Expect to retire 3 years earlier
• Aim for higher savings goals
• Feel more in control of their finances

The good news is you don’t need to solve everything overnight.

Sometimes the first step is simply:

• Checking your super balance
• Reviewing how it’s invested
• Understanding how tax strategies could improve your retirement savings
• Having a conversation about what retirement actually looks like for you

For many people, one small step today can make a big difference later.

If you’re in your 40s or 50s and retirement planning is still on the “I’ll deal with it later” list, it might be time to start the conversation.

Your future self will thank you.

(General information only – not personal financial advice.)

11/03/2026

Super is changing again – here’s the simple version

The government has passed new super laws, including a new tax called Division 296.

Here’s what it means in plain English.

💰 If you have less than $3 million in super
Nothing changes. Earnings inside super are still taxed at 15%.

💰 If you have between $3 million and $10 million in super
Earnings above the $3 million level will be taxed at 30%.

💰 If you have more than $10 million in super
Earnings above that level will be taxed at 40%.

The government says the changes make the system fairer.

👍 There is some good news too.
Lower-income workers will receive a bigger tax refund on their super contributions through an increase to the Low Income Super Tax Offset (LISTO). This will help about 1.3 million Australians, including many younger workers and women.

⚠️ The big issue is complexity.
Many industry experts say the new tax will make the system harder to understand and harder for super funds to administer.

📊 What it means for people with large super balances

People with very large super balances may start looking at:
• Holding some investments outside super
• Using family trusts or companies
• Being more careful about how assets are structured

💡 The key point

Super is still one of the most tax-effective ways to save for retirement. But the rules keep changing, which makes getting good advice more important than ever.

If you’re unsure how these changes affect you, it may be worth reviewing your retirement strategy sooner rather than later. Call us for more

07/03/2026

Markets, War & Volatility – Should Investors Panic?

Recent turmoil in global share markets has wiped billions from portfolios, and the escalating conflict in the Middle East has pushed oil prices higher and increased market volatility.

In just a few sessions we’ve seen major indices fall sharply — the Korean KOSPI dropped up to 20% over two days, Japanese and European markets fell more than 3%, and the U.S. market also declined across consecutive sessions.

Naturally, investors start asking: Is it time to take risk off the table?

Geopolitical risk can be complex. Political instability can disrupt businesses, discourage investment, and in extreme cases lead to permanent capital loss — such as stranded infrastructure assets or confiscated resources.

Right now, markets are watching closely whether the current conflict escalates or resolves quickly.

A key concern is the Strait of Hormuz, where roughly 20% of the world’s crude oil passes through. Any disruption could significantly impact global energy prices and economic activity. We’ve seen historically how oil shocks — particularly in the 1970s — contributed to stagflation and recession across major economies.

However, history also provides perspective.

Many geopolitical crises cause short-term market volatility but not long-term destruction of wealth.

Examples include:
• The Russia–Ukraine invasion, where markets recovered within about 12 months
• COVID-19, where markets rebounded strongly within a year despite global disruption
• The Iraq War, where equities fell briefly before recovering
• Other Middle East conflicts that created volatility but limited long-term impact

The reality is that markets often recover faster than headlines suggest.

For long-term investors, reacting emotionally during periods of uncertainty can be more damaging than the crisis itself.

Sometimes the most effective strategy is also the simplest:

Stay disciplined. Stay diversified. Stay invested.

If you have questions or concerns please contact us! Short-term volatility is uncomfortable, but history shows that patience has often been rewarded.

16/01/2026

💸 Sneaky costs worth checking on your money this year

Sometimes you’re paying for things you don’t really use — or don’t need at all. A quick review can free up hundreds (sometimes thousands) without changing your lifestyle.

Here’s a simple checklist 👇

📺 Streaming services you barely watch
🆓 Free trials that quietly turned into paid subscriptions
👨‍👩‍👧 Family plans that only one person actually uses
🏦 Monthly bank account fees other banks don’t charge
💳 Credit card fees with little or no real benefit
🚗 Car insurance that hasn’t been compared in over 12 months
🏠 Home or contents insurance that’s outdated or over-insured
🌐 Internet plans faster than you realistically need
📱 Mobile phone plans with way more data than you use
📦 Subscriptions (like Amazon Prime) you’re not getting value from
🎁 Rewards or points programs you never redeem
🏡 Home loan rates that could be lower with a refinance
💼 Employer benefits or salary packaging you’re not using
📊 Investment fees that are higher than they need to be
📄 Old super accounts with admin fees still ticking away
⏰ Late payment fees that could be avoided with auto-pay

👉 None of these on their own feel huge.
👉 Together, they can quietly drain your cash flow.

A yearly “money clean-up” is one of the easiest wins in personal finance.

If you’re not sure where to start — start with bank fees, insurance, super and your home loan. That’s where the biggest savings usually hide.

General information only – not personal financial advice.

09/01/2026

Most of us don’t think twice about paying someone to:

• mow the lawn
• clean the house
• wash the car
• do the laundry
• even hang the Christmas lights

Why?

Because time, energy, and peace of mind matter.

Financial advice is no different.

It’s not just about picking investments.
It’s about long-term planning, tax strategies, avoiding costly mistakes, and having a trusted sounding board when big financial decisions come up.

Can you manage your own finances?
Absolutely.
Just like you can mow your own lawn or climb the ladder to hang the lights.

But working with a financial adviser helps you build a plan so those everyday conveniences — and your lifestyle — are affordable not just now, but for life.

And that peace of mind?
That’s usually worth it.

Prestige Wealth Group Pty Ltd

13/05/2026

04/05/2026

01/05/2026

30/04/2026

02/04/2026

12/03/2026

11/03/2026

07/03/2026

16/01/2026

09/01/2026

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