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Provision Newsletter

Affordable Destinations for Health and Wellness Holidays

Posted On:Jan 08th, 2020     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

If you struggle to stick to a healthy diet, don’t exercise regularly or can’t make time for peaceful moments of rest, chances are you need a holiday – and don’t we all! The thing is, we often jet off to exotic shores only to overindulge in junk food, a few too many sunset cocktails and late nights that add up

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If you struggle to stick to a healthy diet, don’t exercise regularly or can’t make time for peaceful moments of rest, chances are you need a holiday – and don’t we all! The thing is, we often jet off to exotic shores only to overindulge in junk food, a few too many sunset cocktails and late nights that add up to pure exhaustion on the plane ride home. 

And, there’s nothing wrong with that.

However, if you want to take a break that truly results in a rejuvenated mind, body and spirit, health and wellness holidays are the way to go. Best of all, some of the world’s most beautiful destinations offer an abundance of healthy living options and retreats that are guaranteed to produce that holiday glow, on a budget. 

Luang Prabang, Laos

The motto for life in Luang Prabang is ‘boh pen yang’, which basically translates to ‘no worries’. Here, each day starts with the sounds of chanting and temple drums before sunrise and Tak Bat. The morning alms ceremony sees lines of orange-robed monks wind through the UNESCO-listed streets, in a silent procession that supports the monks with food and the almsgivers with spiritual nourishment. 

With your spirit soothed, walk or cycle to the picturesque banks of the Nam Khan River for a class with Luang Prabang Yoga. Join a cooking class at Bamboo Tree to learn healthy tips, after selecting your own organic produce from the outdoor market. Because you’ll save money staying at charming guest houses for as little as $50 a night, splash out on revitalising spa treatments at Amantaka or Mekong Spa

Chiang Rai, Thailand

The ‘land of smiles’ is world-famous for a wealth of tropical retreats that are custom-made to guide guests back to peace, health and happiness. With yoga classes, detox programs, spa treatments and personalised healthy eating plans galore, it’s almost impossible to leave without feeling like a new person. 

Best of all, you don’t have to spend up big to get a slice of luxury with your health kick. Head to laidback Chiang Rai for cheap accommodation surrounded by temples and mountains, with plenty of budget-friendly, organic local produce to tempt your taste buds. Check out Museflower Retreat and Spa for wellness packages, treatments and workshops. 

Ubud, Bali

You can’t take two steps in Ubud without running into a yoga or massage studio – and that’s only a slight exaggeration. Bali’s spiritual and cultural centre offers everything you need for a health and wellness holiday, with a price tag that puts a smile on your face before you even sink into a massage. 

There are plenty of health retreats offering programs to de-stress, detox and revive. However, with daily walks in emerald rice fields, meals at restaurants serving chemical-free meat and organic produce, cheap-as-chips massages and a yoga class or three, it’s easy enough to design your own health and wellness holiday here. 

A little bit of balance between cocktail-sipping and healthy pursuits is all it takes to truly rejuvenate and reap all the rewards from your next break – including a happy holiday budget! 

 

Source: Clientcomm library 

Important note:
This provides general information and hasn’t taken your circumstances into account.  It’s important to consider your particular circumstances before deciding what’s right for you. Although the information is from sources considered reliable, we do not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, we do not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.  Past performance is not a reliable guide to future returns.

Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business nor our Licensee takes any responsibility for any action or any service provided by the author. 

Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

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Super investment options – what’s right for you?

Posted On:Jan 07th, 2020     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth
When it comes to superannuation, most funds offer a range of investment options.

If there’s one thing certain in life it’s change. And generally your attitude towards saving and investing will change as you get older.

How your super is invested when starting your first job may not be the right approach when you’re approaching retirement. Luckily you can change your investment

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When it comes to superannuation, most funds offer a range of investment options.

If there’s one thing certain in life it’s change. And generally your attitude towards saving and investing will change as you get older.

How your super is invested when starting your first job may not be the right approach when you’re approaching retirement. Luckily you can change your investment options at any time and this could make a real difference to how much money you have when you retire.

There are usually several different investment options to choose from. If you haven’t selected an investment option, you’re probably invested in your fund’s default option, which will generally take a balanced approach to risk and return.

To get up to speed on your super investment options, we’ve answered three common questions: how your money is invested, the different options available, and how your stage of life may influence your preferences.

What do super funds do with my money?

Typically, no less than 9.5% of your before-tax salary (if you’re eligible) is paid into super, which is then taxed at a maximum of 15%. Your super fund will invest this money over the course of your working life, so you can hopefully retire comfortably.

Your super fund will let you choose from a range of investment options and generally the main difference will be the level of risk you’re willing to take to potentially generate higher returns.

If you’re not sure what you’re invested in, contact your super fund. You may also be able to see your current investment option by logging into your super fund’s online portal – this may also give you a current balance and other information such as your projected super savings over a lifetime.

What are the super investment options I can choose from?

Most super funds let you choose from a range, or mix of investment options and asset classes. These might include ‘growth’, ‘balanced’, ‘conservative’ and ‘cash’ but the terms can differ across super funds. Here’s a small sample of the typical type of investment options1 available:

  • Growth options aim for higher returns over the long term, however losses can also be notable when markets aren’t performing. They typically invest around 85% in shares or property.

  • Balanced options don’t tend to perform as well as growth options over the long term, but the loss is also less when there are market downturns. They typically invest around 70% in shares or property, with the rest in fixed interest and cash.

  • Conservative options generally aim to reduce the risk of market volatility and therefore may generate lower returns. They typically invest around 30% in shares and property, with the rest in fixed interest and cash.

  • Cash options aim to generate stable returns to safeguard the money you’ve accumulated. They typically invest 100% in deposits with Australian deposit-taking institutions, such as banks, building societies and credit unions.

Super funds may have different allocations, so it’s important to read your super fund’s product disclosure statement before making any decisions. It could be a good idea to consider factors such as your current stage in life, and future plans and goals before choosing the super investment option that’s right for you.

What’s the right investment option for me?

Choosing the most suitable investment option generally comes down to your goals for retirement, your attitude to risk and the time you have available to invest.

If you’re young, you may have more time to ride out market highs and lows, and therefore be willing to take on more risk in the hope of achieving higher returns.

If you’re closer to being able to access your super, you may prefer a conservative approach as a share market crash could be harder to recover from than if you’re 20 years away from retirement.

While many people put off thinking about super, being informed and engaged from a young age and throughout your career may make a big difference to the returns generated and your final super balance.

Adam Spencer explains more about this in the video below.

What is a lifecycle investment strategy?

If you need further assistance, speak to us on |PHONE| .

Source : AMP January 2020 

Important:
This information is provided by AMP Life Limited. It is general information only and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances and the relevant Product Disclosure Statement or Terms and Conditions, available by calling |PHONE|, before deciding what’s right for you.

All information in this article is subject to change without notice. Although the information is from sources considered reliable, AMP and our company do not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP and our company do not accept any liability for any resulting loss or damage of the reader or any other person.

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Travelling with Kids: 4 Travel Hacks

Posted On:Dec 15th, 2019     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

Meltdowns in the street, vomit in the car and that dreaded statement of, “I’m bored,” continue to curse family holidays the world over. Travelling with kids is always going to be an adventure that’s split between magical moments and holiday hell. However, that’s never going to stop us from going, right? 

Next time you’re set to jet or drive off, take

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Meltdowns in the street, vomit in the car and that dreaded statement of, “I’m bored,” continue to curse family holidays the world over. Travelling with kids is always going to be an adventure that’s split between magical moments and holiday hell. However, that’s never going to stop us from going, right? 

Next time you’re set to jet or drive off, take these top travel hacks with you. 

1. Slow things down 

No matter where you’re going on holiday, chances are you’ll need to double the estimated travel time when the kids are going too. While rushing around at home is often a normal part of everyday routine, this feeling amplifies to meltdown stage if it’s a plane, bus or train you’re rushing to catch. And, the person melting down is probably going to be you! 

The key is to slow everything down by leaving ample time, and then some, in the planning stage. Don’t book flights with quick connections or pay in advance for activities with rigid time restrictions. Leave plenty of time to get to the airport or station. Make sure everyone’s had a snack and gone to the bathroom before getting off a plane, to avoid dramas during long waits at customs or baggage claims. Want to be on the road by 9am to arrive at lunchtime? Leave for your road trip two hours earlier. 

2. Book a hotel for the kids

It could be tempting to book the kids into their own hotel after the twentieth ‘boredom’ tantrum of the day. Failing that, the next best thing is to book a hotel that suits the kids in the first place. When you’re researching, look a little further than the pool and a family room. 

Does the hotel offer a dedicated kids’ pool? A playground? Menus for children? Cot and stroller hire? Babysitting services? Kids clubs? The more facilities a hotel has for children, the better chances there are of other kids being there too. You know what that means? It’s back to lazing by the adult pool for you. 

3. Take packing seriously

What you pack, and often what you don’t pack, makes all the difference to your state of mind. First of all, what can you eliminate by buying or hiring it there? Strollers, car seats and cots are literally huge inconveniences, so relieve yourself of the responsibility if you can. 

Know that overpacking is a major cause of headaches on holidays, so write down a list of essentials and don’t be tempted by the ‘just in case’ items. You’ll want to throw them away when you’re carrying heavy bags and a toddler or two. 

When you’re in transit without suitcases, always check that you have everything you need for a day in a backpack, in case of luggage delays. It’s handy to gather a couple of brand new toys, activities or books to whip out in meltdown moments. There’s nothing like something new to holt a tantrum in its tracks (and no one on the planet will judge you for bribery on holidays).  

4. Gear up for adventure

Children lose their parents all the time, whether deliberately or not, so it’s best to prepare for the inevitable. If you’re visiting busy tourist attractions, deck the kids out in bright colours and write your phone number on a cool wristband they can wear. Don’t forget to take snacks, as they may not find anything they like there. Bandaids and antiseptic are always a good idea. 

Most importantly, to turn meltdowns into magical moments, pack your sense of humour and don’t stop expecting the unexpected.

 

Source: Clientcomm

This provides general information and hasn’t taken your circumstances into account. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

 

 

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6 Sustainable Christmas Ideas

Posted On:Dec 06th, 2019     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

 

By the time we sit down for a sun-drenched lunch on Christmas Day, lounge rooms across the country are usually piled high with shreds of wrapping paper, screwed up gift tags and shattered plastic toys. Cue sunset and leftover prawns join soggy crackers, wilted salad and half-eaten lollies in the bin – all wrapped up on pictures of Santa in

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By the time we sit down for a sun-drenched lunch on Christmas Day, lounge rooms across the country are usually piled high with shreds of wrapping paper, screwed up gift tags and shattered plastic toys. Cue sunset and leftover prawns join soggy crackers, wilted salad and half-eaten lollies in the bin – all wrapped up on pictures of Santa in the plastic tablecloth. When you really think about it, that’s a whole lot of money thrown away as non-recyclable rubbish.

With a few simple tips, it’s possible to host a more eco-friendly Christmas that saves money and unnecessary waste, without skimping on festive cheer. 

1. Shop locally

Supporting local businesses helps to encourage a sustainable local economy. Best of all, you’ll often find eco-friendly, organic products in specialty stores that are unique and handmade with love. Before the big day, buy your fresh food from the farmers’ markets and stock up on homemade goodies – or make them – instead of packaged treats from the supermarket. 

2. Choose gifts that last

We’re all subject to that last-minute rush of buying gifts and the panic that comes with it. Plan a little earlier this year to avoid grabbing shiny things off the shelves to fill stockings. Instead, choose gifts that last or offer experiences. Consider items like houseplants, reusable coffee mugs, wooden games and puzzles or handmade gifts of food, natural beauty products and candles. Buy your loved ones tickets to a concert, lessons in a favourite hobby or make your own gift certificate for a service you’ll do for them. 

3. Rethink wrapping

Wrapping paper is one of the biggest sources of waste each year, so pop that sparkly new roll back down and consider other options. Start collecting reusable gift boxes, use festive scraps of old material, make brown recycled paper look fancy with your craft skills or wrap a gift inside another gift of a scarf or shirt. 

4. Decorate with nature

If you have toddlers, cats or even guests who’ve had one too many beers in the sun, plastic Christmas trees and fragile decorations may not survive to see the next one. Keep it green by sourcing a tree from sustainable forestry systems. Or, simply buy a potted shrub or tree with the aim to replant it after the celebrations. Use pine cones, frangipanis, nuts, fruit or twisty twigs for table displays. It’s amazing what you can find in the backyard when you look closely. 

5. Create a meal plan

There’s nothing worse than hosting a celebration and feeling like you won’t have enough food for everyone. But, seriously, has that ever happened on Christmas Day? To avoid wastage, write a list and allocate just one dish to each person or family, in categories so that everything’s covered but not repeated. That way, you won’t end up with five pavlovas.

6. Donate unwanted gifts

It’s hard to buy the perfect gift, and many of them end up in the back of the cupboard. Take the opportunity to give back by donating gifts to a charity or regifting them to someone who wants them (it’s not a social taboo, it’s a form of recycling!). 

Every little bit helps in the long run, towards a sustainable future. Plus, you’ll find there’s a lot less cleaning up and a lot more money left in your wallet heading into the new year. 

This provides general information and hasn’t taken your circumstances into account. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page. 

 

 
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Nearing retirement? 7 steps to take before you leave work

Posted On:Dec 04th, 2019     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth

You’re so close. You were diligent in making additional contributions to your super when it made sense and have saved enough in your fund of choice. You have created a realistic retirement budget. You dream of more days at the beach, turning into a grey nomad, with none, zero, nada, office commitments.

To increase the odds that your retirement fantasy matches

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You’re so close. You were diligent in making additional contributions to your super when it made sense and have saved enough in your fund of choice. You have created a realistic retirement budget. You dream of more days at the beach, turning into a grey nomad, with none, zero, nada, office commitments.

To increase the odds that your retirement fantasy matches the reality consider these three simple questions:

Start with three simple questions:

  • Have you got enough?
  • Have you had enough?
  • Do you have enough to do?

Assuming the answer is yes to all three then complete a few important steps before you bid farewell to work. Our pre-retirement checklist can guide you through this process.

As with longer-term retirement planning, this process need not eat up days of time. You should be able to complete most of it in an afternoon, or in small chunks spread out over several days.

Somewhere from two years to six months before your retirement morning tea or farewell drinks, schedule time to start ticking items off this list so that they don’t intrude on your days at the beach or with the grandkids.

1) Know how you plan to spend your time in retirement. The idea of not working appeals to many people, but some retirees miss being busy and socialising with others. To prepare for this possibility, check out possible part-time work or volunteer opportunities. Drop by the local community organisation, community garden or other social outlets. Look into taking a class or learning a new skill or finally expanding that passion/hobby to the next level. Make some plans to fill your days.

2) Go to the doctor for a checkup. Review your health insurance and match your health needs to your coverage.

3) Revisit your financial plan. Have you saved enough to fund your planned retirement lifestyle now it is much more in focus? Do you have an emergency fund? Does your asset allocation match your required return and risk tolerance?

4) Check whether you are eligible for the age pension or any other payments and services from the Australian Government. You can apply for the age pension three months before you plan to retire.

5) Review your super statements and look for lost or unclaimed super.

6) Create or make needed changes to your will, enduring power of attorney and advance health directive. Pay special attention to beneficiaries so that your money goes to the intended person.

7) Decide how and when you will access your super. You may access your super when you reach preservation age, which ranges from 55 to 60, depending on when you were born. You may take your super as a lump sum, a regular pension, or a combination of both. For more information on these decisions, you may want to read this guide from the Australian Securities & Investment Commission.

Following these steps can allow you to head into retirement with confidence and the necessary information to design the post-work life you desire.

 

Source: Vanguard Australia December 2019

Written by Robin Bowerman, Head of Corporate Affairs at Vanguard.

Reproduced with permission of Vanguard Investments Australia Ltd

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product issuer. We have not taken yours and your clients’ circumstances into account when preparing this material so it may not be applicable to the particular situation you are considering. You should consider your circumstances and our Product Disclosure Statement (PDS) or Prospectus before making any investment decision. You can access our PDS or Prospectus online or by calling us. This material was prepared in good faith and we accept no liability for any errors or omissions. Past performance is not an indication of future performance.

© 2019 Vanguard Investments Australia Ltd. All rights reserved.

Important:
Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business nor our Licensee takes any responsibility for any action or any service provided by the author.

Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

 

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Grow your super in the new year

Posted On:Dec 02nd, 2019     Posted In:Provision Newsletter Articles    Posted By:Provision Wealth
Making an extra voluntary contribution now might improve your lifestyle once you retire.

A new year’s as good a time as any to make plans. How about a gift to your future self by maximising your retirement contributions?

It’s not as far-fetched or self-absorbed as it might seem.

If you think of this as investing in your future self or your loved ones,

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Making an extra voluntary contribution now might improve your lifestyle once you retire.

A new year’s as good a time as any to make plans. How about a gift to your future self by maximising your retirement contributions?

It’s not as far-fetched or self-absorbed as it might seem.

If you think of this as investing in your future self or your loved ones, it could make good sense. We’re used to spending on education and training, which are also investments in tomorrow. And which really matters more, upgrading to a flashier car today, or buying a jetpack* a few years down the line?

There’s no time like tomorrow

There are a number of ways you can contribute more to your super, to take advantage of time and the magic of compound interest.

These include salary sacrificing, and a range of tax-deductible, spouse and downsizer contributions, as well as government co-contributions.

Things to keep in mind

What you do right now affects how well you can live in future. So, before you decide to gift your future self, think carefully about the right course for you.

If you’re thinking about making extra contributions towards your retirement, make sure you’re across the super contribution rules.

For instance, if you go over the super contribution limits, additional tax and penalties may apply.

Remember that the value of your investment in super can go up and down. Before making extra contributions, make sure you understand and are comfortable with any potential risks.

The government sets general rules about when you can access your super, which means you typically won’t be able to access your super until you retire. If you’re over 65 and making contributions, you generally need to satisfy work test requirements and be under age 75.

Extra contributions may also affect any rainy day savings you set aside for emergencies, so do your homework before you commit to your future self.

If you’re in a position to engage professional help, you might also talk to us on |PHONE| about what’s right for you.

The not-so-silly season

Many of the presents we buy for ourselves and loved ones date quickly – that new smartphone isn’t new for long. Increasing retirement contributions may delay gratification but pay dividends down the line.

If you have some years to go before you retire, you may even be able to retire sooner if you increase your contributions now.

That gift of time might be the biggest reward of all.

Source : AMP November 2019

Important:
This information is provided by AMP Life Limited. It is general information only and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances and the relevant Product Disclosure Statement or Terms and Conditions, available by calling |PHONE|, before deciding what’s right for you.

All information in this article is subject to change without notice. Although the information is from sources considered reliable, AMP and our company do not guarantee that it is accurate or complete. You should not rely upon it and should seek professional advice before making any financial decision. Except where liability under any statute cannot be excluded, AMP and our company do not accept any liability for any resulting loss or damage of the reader or any other person.

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