With interest rates on the rise and investment returns increasingly volatile, Australians with cash to spare may be wondering how to make the most of it. If you have a mortgage, should you make extra repayments or would you be better off in the long run boosting your super? The answer is, it depends. Your personal circumstances, interest rates, tax... View Article
Before you say ‘I do’, talk about your finances with your partner. Not getting married, but in a relationship? See relationships and money for useful tips. If COVID-19 has impacted your wedding plans, the ACCC’s explains your rights when it comes to cancellations and refunds. Manage the wedding whirlwind The average Australian wedding costs $36,000. According to a Moneysmart survey, 82% of... View Article
Working out how much you need to save for retirement is a question that keeps many pre-retirees awake at night. Recent market volatility and fluctuating superannuation balances have only added to the uncertainty. So it’s timely that new research shows you may need less than you fear. For most people, it will certainly be less than the figure of $1... View Article
As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings. Some, like the rise in the Superannuation Guarantee (SG), will happen automatically so you won’t need to lift a finger. Others, like higher contribution caps, may require some planning to get the full benefit.... View Article
The summer bushfires have touched the lives of all Australians, unleashing an outpouring of generosity. But for individuals who lost homes, businesses or livelihoods, the financial hardship lingers, prompting many to ask whether they can dip into their super to tide them over. The short answer is generally no. According to the Australian Taxation Office (ATO), there are very limited circumstances where... View Article
Paving the way to an election Treasurer Josh Frydenberg has delivered a ‘back in the black’ Budget aimed squarely at voters, stressing the Morrison Government’s commitment to financial discipline and low taxes. As expected, the Treasurer signaled sweeping tax cuts and major infrastructure spending if the Coalition wins the upcoming federal election widely expected to be held in May. This... View Article
Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age. Throughout your super journey you will experience the ups and downs of bull and bear markets so it’s important to keep your eye on the long term. The earlier you get to know your super... View Article