Our support for Cerebral Palsy Education Centres continues

Roger Gerny - Friday, April 05, 2019

The APS Benevolent Fund is honoured to
be supporting the Cerebral Palsy Education Centre (CPEC) again in 2019. Cerebral palsy is the most common physical disability in Australia and the most expensive to manage. The Cerebral Palsy Education Centre (CPEC) provides children who have cerebral palsy and their families with physical, occupational and speech therapy as well as parent training.

In 2018, we were delighted to be able to donate over $100K to CPEC to fund a number of critical costs including physiotherapy costs ($56K), occupational therapy costs ($8.5K), speech pathology costs ($25K) and parent training ($47K). With this donation, we have been able to support the wonderful team at CPEC in improving the lives of children with cerebral palsy as well as supporting their families.

Your contributions at work


Speech Pathologist Lillian Colley wrote to us with an update on how the children at CPEC are benefitting from extra funding.

”This term, our group has been completing activities relating to the Three Little Pigs story tale. We have been exploring and learning vocabulary in the story and practicing making up our own stories with the characters and setting. The kids have had lots of fun making houses out of all different materials – learning to grasp and grip is a fine motor goal for many”.

The APS Benevolent Fund is a registered charity and a deductible gift recipient. Any donation (above $2) is tax deductible.

  • If you’d like to make a difference to the lives of children with cerebral palsy, you can make a donation here.

How you can save more with an APS Savings high-interest term investment

Roger Gerny - Thursday, March 14, 2019


For most people, investing means either purchasing shares or investing in the property market. With these forms of investment, there are various risks with the most obvious one being the uncertainty of housing prices or the share market. If you are looking to invest in a high-interest term investment the power of compound interest can be very beneficial.

Compound Interest explained


So what really is compound interest? Compound interest is the process of accumulating interest payments not only on your investment but also earning interest on your interest. For example, if you put $10,000 into a high-interest savings account with an interest rate of 4% p.a*, you will receive $407 over the course of the first year. You will then be able to earn even more interest as your term investment continues to grow. You could earn over $2,210 over a 5-year period with one of our APS Savings high-interest term investments.

The best part is you can just watch it grow more and more every year. We have many clients who choose to set up an APS Savings high-interest term investment for their children or grandchildren so that they can accumulate a substantial investment over time. With an initial investment of $10,000, by setting up a term investment that grows until your child’s 21st birthday, you could earn over $12,000 interest. This shows the potential accumulating power of compound interest.

*Disclaimer
This is not a bank product, it is an unlisted deposit note. No independent assessment has been made about the risk to investors losing any of their principal investment. Applications for deposit notes can only be made on the Investment Application Form which accompanies the prospectus issued by APS Savings Ltd. Please read the prospectus carefully before deciding whether to make an investment.

• Get in touch today to learn about our APS Savings high-interest term investment. Click here for more information.

How will I ever be able to buy my first home?

Roger Gerny - Wednesday, March 13, 2019


Now that is a question that most young Australians dwell on. There’s no doubt about it, buying a home nowadays seems impossible for most millennials. Although it’s a challenging time for first home buyers, it doesn’t need to be as daunting as you may think. Follow these steps and you’ll be on track to making the big purchase!

1. Set realistic repayment goals
First, set realistic goals for yourself in terms of what you can afford to borrow. Start by looking at your monthly income and expenses including all of the little things such as coffees, work lunches or subscriptions. Decide on what you’re willing to give up in order to be able to afford a mortgage, it could be cutting down take out night or shopping money. Be realistic in looking at what you will be able to afford to pay on a monthly basis.

2.  Find a Mortgage Loan
Once you have your goals set, it’s time to find a loan. Most people will go to their current bank without shopping around but this is a critical step. There are so many banks and lenders who are offering very similar products but each with their own set of unique terms and conditions.

In order to get the best deal, try consulting a Mortgage Broker to help you get the best deal. It could save you a lot of money in the long run! Your mortgage broker will also be able to help you through the approval process and assist you in making sure you are prepared for your interviews so that your approval process is as smooth as possible.

3. House Hunt
Now that you are approved for your home loan, it’s now time to start the fun part - house hunting! Look at the maximum and minimum house prices or any trends that exist within your chosen area. Once you have a list of homes on your wish list, you’re ready to start inspecting. Sometimes this can be a long process but don’t get disheartened as a first-time buyer, something will come your way.

4. Purchase Your New Home
If you do enough research, eventually you will find your perfect first home and be ready to make the big purchase. If you are uncertain about anything in your contract, seek advice from Phil Lambourne from APS Legal Services to ensure that you are happy with the agreement.

  • Buying your first home is a daunting process but with the right support, you will be confident in making the right decisions. If you are looking to purchase your first home, chat to one of our mortgage brokers to hear about our FREE mortgage broking service. Click here for more information.

The Financial Services Royal Commission findings and your mortgage

Roger Gerny - Wednesday, March 13, 2019


There’s been a lot of talk recently about the Royal Commission and in particular how Mortgage Brokers may be affected if the recommendations are adopted in full.

Mortgage Brokers provide a very important service to borrowers across Australia. Customers value the service they provide, with Mortgage Brokers submitting almost 60% of all home loans funded.

A good Mortgage Broker will:
1. Assess your financial circumstances;
2. Find a suitable loan to meet your needs;
3. Manage the application process;
4. Provide ongoing information and assistance

Assessing your financial position


To assess your financial circumstances, you may be asked to provide bank statements that show your savings capacity, tax returns, payslips, credit card/loan statements and documents to prove your identity. Your Mortgage Broker will take the time to discuss your needs and objectives with you, prior to giving you an understanding of the various loan products available.

Mortgage Brokers have access to hundreds of loan products from major banks, smaller banks, credit unions and other lenders. Your Mortgage Broker will provide you with loan comparisons and inform you of key differences to assist you in making a decision as to which loan to apply for. If you wish to proceed, your Mortgage Broker will help you to complete the necessary paperwork and liaise with the lender on your behalf until the home loan is approved and settled.

What about new finance products?


A good Mortgage Broker will also keep an eye on your loan and get in touch with you if other products become available that may reduce your repayments or have other benefits for you to consider. Of course if your financial circumstances or objectives change, you should speak with your Mortgage Broker – the earlier the better!

• We have two very experienced Mortgage Brokers available to serve you whenever you need help. Call Tony Calder or Sam Athans on 1300 131 809 to discuss your needs at any time. It’s FREE!!

Forecasting to achieve your financial goals in 2019

Roger Gerny - Monday, February 11, 2019
And that’s another year done and dusted! As we move into the second half of the financial year, we encourage you to look closer at the financial forecasting of your business. Although many business owners are keen to set up regular budgets to keep track of their accounting, it is just as important to dive into the nitty-gritty of forecasting.

Forecasting predicts future business trends by looking at past and current activity. This allows business owners to understand where their business is heading and how they can adapt to any positive or negative changes. Cash flow forecasting looks specifically at the money coming in and out of the business, allowing business owners to predict surpluses and shortages in cash over the period. Recording this information is extremely useful for major business purchases, tax purposes or when applying for loans. Without implementing regular forecasting techniques, it can be difficult to not only grow your business but also avoid any potential issues down the track.

Smart financial forecasting for your business

So how can you start implementing smart financial forecasting techniques within your business? Before you can even think about starting your forecast, it is important to step back and look at your goals for the next period. Do you want to be increasing your income by a certain amount or investing in new machinery? Do you want to make some new hires or cut back on your hours? Once you have a vision of your goals, you’ll then be able to have a clear perspective on how your forecast affects future decision making.

Preparing your documentation is the best way to make your forecast as seamless as possible. You can start collecting information around fixed costs (consistent costs e.g. wages and insurance) as well as variable costs (costs that change e.g. material costs and utility bills) and income history. By collecting as much information as possible showing past and current trends, your accountant will be able to help you achieve a successful forecast.

Forecasting tools and advice

There are a number of forecasting tools available for business owners to use in preparation for financial forecasting. However, there isn’t one magic tool that is perfect for all businesses - seeking advice from your accountant is the best way to find the perfect forecasting solution for your business. Our friendly team at APS Tax & Accounting would love to help you with your upcoming forecasts so that you can achieve your goals in 2019.

Click here to learn more!

Does your business currently use forecasting to achieve your financial goals?

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