Collins & Co Wealth Management Newsletter – June 2024

With Winter now officially underway, some might be heading north to warm up and others may lean into the cold on the snowfields. Whichever you choose, don’t forget the approaching end of financial year.

It’s said that if you fail to plan, then you plan to fail. So, give your finances a bit of love by planning some simple, but potentially rewarding, strategies. We’ve got some ideas to get you started.

One of the attractions of investing in property is the tax advantages but it’s important to understand the rules. After a recent review, the ATO says nine out of 10 claims for investment properties were incorrect. Check out our second article to make sure you get it right.

And finally, the worry about not getting the financial balance right and making unnecessary sacrifices now – or not having enough money for the things you want to do in the future is a common and valid concern we hear when we talk to clients. Knowledge is the key to achieving that balance and our last article provides some inspiration to help achieve that.

As always, if you have any questions, don’t hesitate to get in touch.