Exit and early termination fees can put the brakes on plans to sell, to refinance, and to renovate or purchase an investment property. Here’s how to avoid them from the start. Fees charged for the early repayment of variable-rate loans were phased out by government reforms in 2011. However, fixed-rate loans may still carry these...Read More
Knowing exactly what deductions apply to travel expenses can save a heap of hassle at tax time. The Australian Taxation Office (ATO) has released a new ruling that clarifies what expenses employees can deduct for work-related travel. The new ruling, Income tax: When are deductions allowed for employees’ transport expenses? was released this week, bringing...Read More
Key Points Digital currencies and blockchain technology may have a lot to offer - but that does not mean Bitcoin will be it. Due to extreme volatility, high transaction costs and slow processing, Bitcoin does not cut it as digital cash. But it’s not an asset generating cashflows either, which makes it impossible to value....Read More
By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia How much investment risk are you willing to take? If you've ever used a financial adviser, it's one of the first questions you'll be asked when establishing your overall investment strategy. Because your tolerance for risk will ultimately determine the types of assets an adviser will...Read More
The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone. Currently you can transfer a maximum of $1.6 million from your super savings into a retirement pension...Read More
In its first board meeting of 2021, the Reserve Bank of Australia (RBA) decided to keep the cash rate at a record low of 0.1%. Find out why rates are so low and what it may mean for you and your financial goals. Why does the RBA keep rates low? Lower interest rates and rate...Read More
For investors, it can be better to travel than to arrive. The last year has been characterised by unremittingly gloomy headlines but a counter-intuitively buoyant stock market. This is puzzling for many, but even experienced investors who understand that this is how markets work are starting to call time on the remarkable rally since last...Read More
Financial wellbeing has become the big buzzword in recent years. It seems like everyone is talking about it, even the banks. There’s a good reason for this, especially after the events of this year. According to studies 46% of workers spend at least three work hours each week thinking about their finances. And poor financial...Read More
The beginning of a new year is often a good time for individuals to reflect on the past 12 months and to review and focus on their superannuation goals for the year ahead. Taking a closer look at one’s superannuation can make a significant difference with a small change in the present, which could result...Read More
So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. 1. Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself is...Read More
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