Downsizing in retirement

By admin • April 28th, 2020
If you’re thinking about selling your home and downsizing, consider the pros and cons. Check if selling your home affects your government benefits. Consider the costs and your needs before you downsize Take time to consider your needs. Make sure your new home suits your lifestyle, budget and level of independence. Some of the costs […]

Salary sacrifice vs personal contributions to super

By admin • April 28th, 2020
If you are an employee, there are two ways in which you can optimise the taxeffectiveness of your additional super contributions: • opt for a salary sacrifice arrangement, whereby your employer makes additional superannuation contributions beyond the compulsory superannuation guarantee (SG) amount from your pre-tax earnings and reduces your salary accordingly; or • make a […]

Reducing the most important risk to business

By admin • April 28th, 2020
Owners of very small businesses, also known as micro businesses, frequently fail to allow for the risks they face. The main reason most business owners would give for this oversight is they are just too busy working in the business to focus on what “might” happen. But that really isn’t a good enough excuse. Owners […]

Financial literacy for our children

By admin • April 28th, 2020
Financial literacy is a fundamental life tool. Teaching our kids about financial management from a young age should be a high priority as this is now recognised as an important stepping stone to financial success. Fortunately, secondary school teachers now have access to free teaching resources through not-for-profit organisations such as the Financial Basics Foundation. […]

Switching home loans

By admin • April 28th, 2020
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. If you’re struggling with your home loan repayments, see ASIC Moneysmart website’s “problems paying your mortgage” article for help. Before you decide to switch If you’re thinking about switching […]

The upside of a market downturn

By admin • April 14th, 2020
Most people view share market downturns as unequivocally bad events. Suddenly, hard earned savings aren’t worth as much as they were yesterday. It seems as if our money is evaporating, and in the heat of the moment selling up can look like the best course of action. The alternative view But on the opposite side […]

Storm, flood and fire insurance

By admin • January 24th, 2020
Natural disasters and your home insurance It’s devastating when a natural disaster destroys or damages your home. Finding out you don’t have enough insurance can add to your distress. Understanding what events and damage are covered by insurance can help you get the right cover for your home. Knowing if you live in a disaster-prone […]

5 ways to benefit from record low interest rates

By admin • January 24th, 2020
Interest rates have never been lower, and it’s possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low interest rates? 1. Pay off your debt more quickly By maintaining constant repayments as interest rates fall, you’ll reduce the time it takes to pay […]