• By Kofkin Bond & Co / June 3, 2018

    “As the beginning of the financial year fast approaches, there’s no better time to remind ourselves that we have the power to do something meaningful and, make something special happen in our lives and our world”, says Tony Kofkin, Managing Partner of Kofkin Bond & Co.

    With the launch of Realise your Financial Potential, Kofkin Bond & Co is inspiring Australians to take a first step in pursuit of their chosen passion or purpose, and take small steps into a lifetime of happy memories.

    “Realise your Financial Potential’ is a call to action, at a time when people truly believe in themselves to fuel change, and, whether big or small, an action that has the ability to make their world a better place. That movement is what we aim to unveil this financial year.

    “Every day at Kofkin Bond & Co. we work to make a difference in the community. Whether it’s working with businesses to drive financial certainty to the bottom line, supporting Australians lessen their tax implications as a result of relocating or working side by side with those who have served, and continue to serve our nation, on a new wealth initiative to secure their financial future,” says Kofkin.

  • By Kofkin Bond & Co / May 31, 2018
    The Australian Government is considering new housing affordability laws which could indicate that Australian expats may see a jump in tax liability on the sale of their Australian homes.

    Homeowners, who sell while they’re living overseas, could lose the capital gains tax exemption on a home which used to be their main residence in reforms targeted at foreign investors to safeguard the opportunity for Australian buyers to purchase.

    The reforms announced as part of the 2017-18 Federal Budget in May. are a part of a host of changes to policy investment rules aimed at improving housing affordability,

    Under current laws, Australian residents get a full exemption from capital gains tax on the sale of a home, that was their main residence, throughout the ownership period. Capital gains tax is a tax on the profits earned on an asset in the time that a person buys, then disposes of it. It’s not a separate tax but rather the capital gain is included in a person’s taxable income in the year when the sale was made, then calculated as part of income tax.

    Australian residents also receive a partial exemption if the home was their main residence for only part of the ownership period. And they benefit from an “absence rule,” which allows them to treat a dwelling as their main residence for capital gains tax purposes for an unlimited period of time, as long as they keep it empty and don’t rent it out.

  • By Kofkin Bond & Co / May 23, 2018

    The end of the financial year is rapidly approaching and, along with it, the opportunity to claim a tax deduction on additional superannuation contributions.

     Why contribute more to super?

    Superannuation does impose restrictions on access to your money. It is, after all, intended to provide for your retirement. So why would you lock up more of your money? Because superannuation remains one of the most tax-favoured environments within which to build wealth. That can make it an ideal place to invest your long-term savings. 

  • By Kofkin Bond & Co / May 16, 2018

    We often hear Australian expats taking the age-old ‘set and forget’ approach when it comes to their superannuation. Here we wanted to explore some of the risks you may be exposed to in an Australian expats superannuation fund.

    Generally, the superannuation can’t be touched for years. With this in mind, we are often asked why should expats bother looking into it before they jet off or even while they are abroad? A recent article out of the Australian Financial Review (AFR) has placed the spotlight on how our superannuation is invested and potentially exposing expats to investment risk that they may not have been aware of.

    It points out the lack of transparency that members face when it comes to knowing where their super is invested and what the actual level of risk members take on by being in specific investment option (i.e. Balanced, Growth and High Growth).

  • By Kofkin Bond & Co / May 9, 2018

    Lifestyle is a very personal thing – luxury living for one person is a modest existence for someone else. This article offers you some guidance on the amount of money you need for retirement to cover your basic living costs and support a hobby or active social life. For example, do you expect to take frequent holidays and are you planning to enjoy regular glasses of wine or beer?

    Choosing a retirement lifestyle is simple — you live the life you can afford. If you want a more salubrious lifestyle, you save more, earn more, win the lottery or inherit lots of money from a rich relative. The same philosophy applies to your retirement lifestyle. If you want a comfortable life in retirement, then now is a good time to start thinking about what that type of life will look like.

    So, the big question is: how much money is enough for your retirement? Or more specifically, have you worked out the amount of superannuation and other savings that you will need to finance your retirement?

  • By Kofkin Bond & Co / May 6, 2018

    Kofkin Bond & Co announced today, it has won the Australian Financial Planning Practice Development Award 2017,  at the Total Financial Solutions Australia (TFSA) awards evening in Adelaide.

    The award is presented to extraordinary and visionary advisers and practices, recognising best practice financial planning, qualities in leadership, customer focus and improve Australia’s financial literacy.

    Kofin Bond & Co Tony Kofkin said the Award is testament to our commitment to improve our client’s financial literacy so they can make informed decisions for their future and improve well being.

  • By Kofkin Bond & Co / March 6, 2018

    For the past year, we’ve espoused the benefits of managing risk, more so than taking risk.

    On 5 February 2018, the Dow Jones Industrial Average plunged 1,175 points,1 marking an exceptionally volatile day for financial markets around the world. The 4.6% drop was the biggest decline since August 2011 and caught many market participants by surprise.

  • By Kofkin Bond & Co / November 15, 2017

    You have probably heard of the significant benefits associated with workplace wellness programs; perhaps you have even implemented one in your organization. What many employers (and others) don’t realize is that financial wellness is just as important as physical wellness. In fact, employees who struggle from financial trouble are often more likely to have less focus at work, an unhealthier lifestyle and higher medical costs. Incorporating a financial component to your wellness program can be a strategic move that both your budget and your employees will appreciate.

  • By Kofkin Bond & Co / October 22, 2017

    Many Australians don’t have to think twice about saving for retirement because their employer regularly contributes on their behalf. These savings then have decades to grow and years to ride out the ups and downs of the share market.

    But what happens once you retire? Is there a one-size-fits-all, no fuss retirement investment option? Right now there’s not, so it’s important to understand what you need to start thinking about to make the most of your retirement savings. Brian Long explains.

  • By Kofkin Bond & Co / October 17, 2017
    In most cases, a spinal cord injury is permanent and irreversible. It is a traumatic and devastating experience for the individual, their family, and friends and changes their lives forever. Spinal cord injury can happen to anyone at any time.