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Catherine's Chat

Wholistic Financial Solutions provides information and updates regarding the property investment industry. Learn more from Catherine's chat here.

Customers set to be able to borrow more as APRA moves to scrap key mortgage rule

Thursday, May 23, 2019

Introducing Trudy Heins – Retirement Planning and SMSF Financial Planning Expert

Tuesday, April 30, 2019

We are pleased to advise that our Senior Financial Planner and Director, Trudy Heins will be available to take appointments in June.

Trudy heads up our Brisbane financial planning business and we are fortunate to have her in the Canberra office seeing clients, appointment times are however limited.  

Trudy has over 20 years experience as a financial planner and business owner. She specialises in retirement income planning for both superannuation and non-superannuation clients. She has a particular interest in SMSF retirement strategies. She also has a broad knowledge of Centrelink when it comes to pension eligibility.  

She is available for face to face appointments on the 4th and 5th of June or phone consultations at any time.

If you would like to make a time to see her please email

Important information regarding insurance in super

Tuesday, April 30, 2019

New reforms 

Recently the government introduced new laws known as the “protecting your super package”. It is aimed at protecting members from paying for insurance cover with their super balance that they may not be aware of. However, it also captures members who may have retained their cover for genuine financial planning reasons. 

From 1 July 2019, these new laws require that super providers cancel insurance policies held inside of super if the account has been inactive for a period of 16 months, unless the member advises they do not wish this to occur.

How this can affect you

If you have a super fund that has insurance attached and you have not made a contribution or received a rollover the insurance maybe cancelled on or after 1 July 2019 unless you advise the super fund not to do so.

How can you ensure your insurance is not cancelled?

Make a contribution, roll funds over (this includes any policies externally funded and have an annual rollover to make the premium payment) and ensure in the future this occurs every 16 months as a minimum.

Alternatively, you need to notify your provider that you DO NOT WISH to have your insurance cancelled. It is important to note that your adviser cannot make this notification, it must come from you personally.

What do we suggest?

Member that will be impacted will be contacted by their super fund/insurer in the next few weeks. They will provide you with instruction on what is required to retain your cover if desired.

If you wish your cover to be cancelled, then you need do nothing. However please ensure that you do not require the cover, as once lost, depending on circumstances you may not be eligible for future cover. 

If in doubt contact your adviser to discuss your situation, if it’s been some time since you reviewed your cover and provider it may no longer be suitable. Your adviser can also provide you with the required documents to ensure if still relevant, this cover can be retained.  

Why more families than ever are quitting Sydney and leaving for Brisbane

Monday, April 29, 2019


Monday, February 25, 2019
With all the media coverage on mortgage brokers, you have probably heard that 94% of clients love their mortgage brokers.  Mortgage Brokers do a fantastic job of finding you the best Rate and Product for you and do all the work for you.  And the banks pay us.  In addition, at Wholistic Financial Solutions, you get the added benefit of your broker being a fully qualified and licensed Tax Agent and Financial Planner so you know you are in good hands. 

For your free mortgage review contact Catherine at or click here to make an appointment

SMSF, SMSF and Property, and Labor’s Franking Credit Policy Update

Thursday, February 21, 2019
SMSF have yet again found themselves as a political punching bag in the upcoming election.  According to the Labor party, SMSF’s are typically owned by the wealthy minority.  Whilst this may have been true in the past it is now no longer true.  Many of our SMSF clients are in their mid-30's to mid-’50s and are certainly not in the wealthy minority.  They are just average Australian’s trying to make more of their super by self-managing it, reducing fees paid to the big funds, and using leverage to maximise their returns by borrowing to buy property. 
Labor seems intent on returning power to the big funds who happen to line the pollies pockets with big donations.  I wonder why?!?
Anyway some issue to consider as we approach the next budget and the election.
Considering Buying Property in an SMSF?
If you are considering buying property in an SMSF, please do so before the Budget and Election as I am now near convinced the ability of SMSF’s borrowing to buy property will cease as from May 2019.
Concerned about losing Franking Credits?
You should be.  Labor policy is once again an attack on what they refer to as the wealthy minority.  I had better not get on my hobby horse for fear of offending any Labor supporters.  What I wanted to point out though is that many media commentators are inferring that the policy will directly impact SMSF’s and reduce the benefit of running an SMSF, and encourage investors to wind up their SMSF and return to the Industry funds.  (Another push towards the funds that line the pollies pockets!?!).  This is not actually correct. 
If you are a retiree, and therefore your SMSF is TAX FREE as you are drawing a TAX FREE superannuation pension – then Yes you will lose the refundable franking credit (which is really unfair).  However, the portrayed idea of rolling over to the industry funds to get your franking credit is fundamentally misleading. If you roll over to an industry fund – your franking credit GOES TO THE FUND not you and it is used to reduce tax payable by the OTHER 10 million members. Again – not fair.
The best strategy to combat the unfair effect of this policy (if it gets through) is to add your younger family members, children, grandchildren to your SMSF.  That way your Franking Credit goes to them and at least benefits those you care about and not 10 million strangers.   This will be even more beneficial if the current plan to increase SMSF members to UP TO SIX people gets through parliament. 
All in all – do not panic if Labor gets in – Just plan in advance.
For your free discussion on SMSF strategies about setting up an SMSF, adding members, or buying property please email or click here to book an appointment.

Strathpine QLD

Monday, October 29, 2018


Ellen Grove- QLD

Monday, October 29, 2018



Monday, October 29, 2018

Some tips are;

  • Check the sender's email address very carefully.  The scammers manage to use addresses very similar to the mail address of the correct agency but there is usually a digit or something else different to the legitimate sender such as, (one extra a) (one extra l).
  • Even if the address is correct – it may still be a scam.  For example, a hacker got control of one of our staff members address and sent out scam emails from her address.  So even if the address is correct but the content is not what you would expect from the sender- do not click on any links.  Call the sender to verify the legitimacy of the email first.
  • If you receive an Invoice from a source such as XERO or MYOB (or other invoicing software), even from a company that you are expecting an invoice, still be very careful.  Hackers are setting up Xero and MYOB files with a Company name, somehow getting that companies client list and sending out invoices to the clients which when the client click on the link and pays the bill – the money goes to the scammer.  So if you receive an invoice from any source – but you were not expecting an invoice – do not pay it.  Call the sender and check the legitimacy of the invoice.  Important note – if you are a business and you have an admin person paying your bills for you – remind them to always check with you personally before paying any unexpected bill.
Finally, another new one – the scammers are porting mobile phone numbers to a device they control and then logging onto your internet banking and changing the number that codes to verify transaction goes to and then helping themselves to your bank account.  This is an extremely elaborate scam and hard to believe but it happened to one of our clients.  So if your mobile phone suddenly stops ringing or receiving texts – your number may have been ported to a scammers.  Put an immediate block on all your bank accounts. 

Small Business Focus group Free session

Monday, October 29, 2018

On 14th November at 9.30am at the office of WFS/RAW Accountants, David Beaumont is holding a small business FOCUS GROUP for just 6 of small business clients of WFS/RAW.
The session will run for about an hour and there is no cost for attending.

You may not know this, but David, in addition to being a CPA, is recognized as a strategic sales and marketing expert and profit optimization guru.
David says
“That in my 35 years dealing with small business, I've perfected a number of easy-to-implement, profit optimization strategies that can EASILY add more than $10,000 to $50,000 to ANY small business owners bottom line.
“There’s no trick to this! The strategies I’ll show you are fundamental to all businesses, but for some reason, very few businesses apply them.”
Would an additional $50,000 this year…and next year… and EVERY year after that help you out financially???
So, if YOU are a small business owner who wants to see an IMMEDIATE increase in both their revenue and profits this will be a real eye opener for you.
Imagine enjoying doubling or tripling your current profit and cash flow.
P.S. There will be NO fluff and NO generic content presented. Everything offered in this presentation has but ONE GOAL – to make you more money immediately!
Limited Seats for 6 business owners of WFS/RAW ONLY!
Book now to reserve your seat- CLICK TO BOOK HERE 

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