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Super bring-forward rules now apply to more people
February 19, 2024Superannuation
More Australians can make up to three years’ worth of non-concessional super contributions in the same financial year, with the government making this option available to individuals up to the age of 75. Individuals aged up to 75 are able to make up to three years of non-concessional super contributions under the bring-forward rules. Previously,...Read More
Life insurance: the basics and things to consider
February 12, 2024Insurance
Give me the main points The most important reason to consider taking out life insurance is to protect your family if you die or become unable to work. There’s a good case for anyone with dependants or people who plan to have dependants to take out life insurance. Life insurance policies can be bought through...Read More
Options for adding to your super
February 12, 2024Superannuation
Adding to your super You can boost your retirement savings by making voluntary super contributions, such as by: setting up a salary sacrifice arrangement with your employer making personal super contributions (and a non-concessional contribution may make you eligible for the government's super co-contribution) transferring any super you have in a foreign super fund arranging...Read More
Econosights – Australian household wealth
February 12, 2024Wealth Creation
Key points - Australia ranked as having one of the lowest rates of disposable income growth per capita amongst OECD countries in mid-2023. - An increasing income tax burden and mortgage repayments have weighed on income growth, despite solid wages and salaries. - But, household balance sheets in Australia look stronger compared to incomes. Household...Read More
Tax changes – what it will mean to me
February 5, 2024Financial Planning
Prime Minister Anthony Albanese has announced proposed changes to address ongoing cost of living pressures with all 13.6 million Australian taxpayers receiving a tax cut from 1 July 2024, compared to the tax they paid in 2023-24.i Now is the time to assess what it means to your hip pocket and what implications it may...Read More
Sidestep the shock of unexpected bills by smoothing out payments and making regular, automated instalments that can be planned well in advance. Ever experience that sinking feeling when you’ve opened a bill that you can’t possibly afford to pay? The shock of receiving a big bill – or worse, a number of them arriving at...Read More
Returning to work after retirement
January 29, 2024Retirement Planning
Employers are desperate for workers and cost of living pressures are making it tough to live on a pension. That’s a perfect mix of conditions to send some retirees back to work. But it’s smart to get good advice before you take the leap. With unemployment rates at historic lows and employers facing a shortage...Read More
Manage the cost of living
January 29, 2024Debt Management & Budgeting
Here are some quick ways to reduce your living costs. Having a money plan helps you stay on top of your spending and bills. There's also free support and services to go to if you're feeling overwhelmed. If you're in crisis and struggling to pay for essentials, there are services to help you with food,...Read More
Switching home loans
January 29, 2024Debt Advice & Mortgages
Refinancing your home loan to take advantage of a lower interest rate might save you money. Before you switch, make sure the benefits outweigh the costs. Before you decide to switch If you're thinking about switching home loans, you're probably focused on getting a better interest rate. But there are other things to consider before...Read More
How to bucket your money and save
January 22, 2024Debt Management & Budgeting
Bucketing is a smart way to manage your money without complicated budgets or spreadsheets. The idea is to set up multiple bank accounts called ‘buckets’ and use each one for a specific purpose, like bills, savings or entertainment. Once your buckets are set up, it’s easier to see and control how you spend and save...Read More