Paul Dobbrick

Latest News and Information

Dobbricks recognised for innovation, leadership and service

by Paul Dobbrick on September 30, 2019 No comments

Dobbrick Financial Services were recognised with a string of accolades at the annual Fortnum Private Wealth Gala Awards night held at Sheraton Mirage last week with Director, Paul Dobbrick winning both Financial Advisor of the Year and the Guy Carrington Chairman’s Award.

“I am most proud of our team who were finalists in the Advice Practice of the Year category as they are a seriously committed and loyal bunch of people,” says Paul. “But of course, being recognised with these other awards is a huge honour and spurs us on to continue to get the best results we can for our clients.”

Fortnum Private Wealth Managing Director and Group CEO, Neil Younger said that it was Paul’s commitment to continually enhancing the advice outcomes for clients and his active involvement in Fortnum initiatives that made him the stand out candidate for the Financial Advisor of the Year Award.

“Paul works tirelessly to enhance his advice services and overall experience and outcomes for his clients. He is an active contributor to all of our collaborative learning forums and committees including our annual Conference, the NextGen program, state learning days and the National Summit. He always has time to be a sounding board to other advisors and his contribution has had a direct impact on enhancing the outcomes for the broader financial planning community so that they can service their clients to the highest standard.

“Paul is also studying towards the Master of Financial Planning. His proactive commitment to ongoing professional development is testament to his leadership in the industry.”

In recognition of his contribution to the greater good, the Guy Carrington Chairman’s Award was given for Paul’s outstanding commitment to inclusiveness, quality and innovation in the industry as well as his substantial contribution to the local community. Paul is a dedicated fundraiser for The Noosa Prostate Cancer Association and supporter of Little Haven Palliative Care in Gympie.

Dobbrick Financial Services have been providing wealth advice solutions to Queenslanders for over 40 years, with offices in Gympie and Ipswich

read more
Paul DobbrickDobbricks recognised for innovation, leadership and service

Paul Dobbrick wins National Award

by Paul Dobbrick on September 20, 2018 No comments

At the recent Fortnum Private Wealth National Conference in Melbourne, one of our Financial Planners from Gympie, Paul Dobbrick walked away with the Fortnum Private Wealth NextGen Award for 2018.

Paul Dobbrick winning the NextGen Award

The NextGen Award is awarded to an individual or practice who have had significant involvement in the ongoing success of the NextGen program. They have regular input on agenda items, participate in the program, recommend speakers, are involved in various committees and strive to achieve the best outcomes for all practices involved. They are also highly collaborative, an advocate for the business and always willing to share their ideas with others to help them grow and develop.

If you’d like to join us in congratulating Paul for his fantastic achievement, please head over to Facebook post and leave a comment.

read more
Paul DobbrickPaul Dobbrick wins National Award

Federal Budget 2018-19

by Paul Dobbrick on May 8, 2018 No comments

 

The focus of this year’s budget was on reining in spending, cutting taxes for middle Australia and small to medium sized enterprises, and giving older Australians a bit of love.

The Government revealed a seven-year personal income tax plan for “lower, fairer and simpler taxes” with relief for low and middle income earners, starting 1 July 2018. The measures will also tackle bracket creep.

From 1 July 2018, the Government will provide a tax offset of up to $530 for tax payers in the 2018-19, through 2021-22 financial years.

Those earning up to $37,000 who currently face a 19 per cent tax rate will have their tax bill reduced by up to $200. These savings will increase incrementally between $37,000 and $48,000 to a maximum saving of $530 for those earning between $48,000 and $90,000. The benefit will then gradually reduce to zero at an income of just over $125,000.

Bracket creep measures will see the upper threshold of the 32.5% tax bracket increase from $87,000 to $90,000 from 1 July 2018 and to $120,000 from 1 July 2022. The Low Income Tax offset will also increase from $445 to $645 from 1 July 2022. This will be followed by a flatter personal tax system by 2024-25 where the 37 per cent tax bracket will be abolished completely. Australians earning more than $41,000 will then pay only 32.5 cents in the dollar all the way to the top marginal tax rate threshold that will be adjusted to $200,000.

The top marginal tax rate of 45 per cent will apply to incomes above $200,000.

Small to medium sized enterprises

Attention to small to medium sized enterprises was targeted at keeping them competitive globally. The Government extended the $20,000 instant asset write off for a further 12 months to 30 June 2019 for businesses with a turnover of up to $10 million.

Tax cuts for small business began in 2016-17 when companies with a turnover of less than $10 million had their tax rate cut to 27.5%. This rate was extended to companies with annual turnover less than $25 million in this financial year and from 1 July 2018 will be expanded to include companies with annual turnover less than $50 million.

The Government also announced tough new anti-phoenixing measures to stop businesses who deliberately go bust to avoid paying their bills and potentially affecting other businesses through their demise.

Superannuation

The focus on superannuation was on lost super and allowing Australians to build their super balances by saving unnecessary fees and unwanted insurance.

The ATO will be given powers to send lost super to people’s active super accounts. Fees on accounts with balances of less than $6,000 will be capped at 3 per cent and superannuation fund exit fees will be abolished for those wanting to switch funds.

For superannuation fund members aged under 25, they will need to opt in should they wish to have insurance within their super policies.

For SMSFs, the maximum number of members will increase from 4 to 6 people from 1 July 2019. This will allow for greater flexibility for larger families. In addition, the audit requirements for SMSFs will move from annually to three year periods for funds with a history of good record keeping and compliance.

For older Australians

The Pension Loans Scheme will be open to all Australians, including full rate pensioners and self-funded retirees to enable them to boost their retirement income by up to $17,800 pa for a couple, without affecting their eligibility for the pension or other benefits. An expanded Pension Work Bonus will allow pensioners to
earn an extra $1,300 a year without reducing their pension payments. This will also be extended to self-employed individuals who can now earn up to $7,800. People aged 65-74 with a total superannuation balance below $300,000 will now be exempted from the work test for voluntary contributions for the first year they would otherwise fail to meet the work test.

Aged care, skills training, Medicare and the PBS

For older Australians who would like the choice to remain in their homes and avoid residential aged care facilities, there will be a total of 74,000 high level home care places funded by 2021-22. A new Skills Training Incentive will provide mature aged workers with the opportunity to update their skills. And, employers will be incentivised with $10,000 wage subsidies for employing mature workers. Extra funding into Medicare and the PBS will see new medications being funded including those to treat spinal muscular atrophy, breast cancer, refractory multiple myeloma and relapsing-remitting multiple sclerosis and an HIV preventive drug.

For more information, please feel free to call our office.

 

General Advice Warning
The information provided in this article is general in nature and does not take into account your particular investment objectives, financial situation or insurance needs; we therefore recommend you seek advice tailored to your individual circumstances before making any specific decisions.

Dobbrick Financial Services (Gympie) Pty Ltd ABN 48 931 205 109 & DFS Oakland ABN 64 340 527 395 and their advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306.

read more
Paul DobbrickFederal Budget 2018-19

A message from Emma

by Paul Dobbrick on January 31, 2018 No comments

Some of you may know me, I am Emma Lane and have worked at Dobbrick Financial Services for the past 5 years. I am married with two young children. Being in the financial services industry I understand the importance of being adequately insured, after all you don’t think twice about insuring your car, home or motorbike so why do many household’s neglect to insure themselves?

read more
Paul DobbrickA message from Emma

Refinancing?

by Paul Dobbrick on January 30, 2018 No comments

Home owners are enjoying a welcome combination of record low rates and a highly competitive lending market. Could that make now the time to consider refinancing your home loan? We look at the why you should, when you should and the ‘how to’ of switching to a new home loan.

read more
Paul DobbrickRefinancing?

$50,000 for $50

by Paul Dobbrick on January 30, 2018 No comments

TIPPING an extra $50 per month into your superannuation fund can leave you with nearly $50,000 extra at retirement, new figures show.

Australians are being encouraged to skip sipping on daily takeaway coffees and buying their lunch as just a few ways to creating extra cashflow they can stash into their super savings and help fatten their balance.

read more
Paul Dobbrick$50,000 for $50