Archive for the ‘Finance’ Category

Room to rent? Read this first

By admin • August 3rd, 2020

Renting out a spare room can be a great way to earn some extra cash, particularly with the help of Airbnb and similar online services. However, it’s easy to overlook the fact that the rent you charge, even on short-term stays, is taxable income. It must be declared on your annual tax return and, depending […]

COVID -19 early release super – integrity and compliance

By admin • July 22nd, 2020

The Australian Taxation Office (ATO) is available to help and assist those who are doing the right thing. They will make it as simple as possible for eligible people in the community who need to access their super early to deal with the adverse economic impact of COVID-19. Compliance remains one of their priorities to […]

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 […]

If you think you’d never fall for a scam, read this…

By admin • September 18th, 2019

If you are aged over 50, male, highly educated, financially literate and manage your own super, beware. You’re at a higher risk of being the target (and victim) of organised investment fraud. This isn’t necessarily because your demographic is particularly gullible. Rather, it’s because you’re more likely to control higher levels of wealth, perhaps as […]

5 common financial mistakes people make in their 40s

By admin • February 25th, 2019

The 40s are, for many people, a critical decade for building wealth. Income is usually on the rise, but so are expenses such as mortgages and school fees. Juggling priorities can be a real challenge, and mistakes made in this stage of life can have a large bearing on the size of your future fortune. […]

What is the pension loan scheme?

By admin • December 4th, 2018

Currently 1.8 million Australian homeowners receive some level of age pension, with around 700,000 on a part pension. What many of these part-age pensioners may not know is that, along with recipients of the disability support pension, carer payment and some other Centrelink payments, they are able to access some of the equity in their […]

Rentvesting: the not-so-new phenomenon

By admin • November 28th, 2018

At first glance it seems like a strange thing to do: rent out a property that you own while paying rent to live in somebody else’s place. Yet this phenomenon of ‘rentvesting’ is proving popular, driven by a mix of lifestyle and financial factors. Why do it? A prime reason to rentvest is to get […]

Time to cool off

By admin • January 31st, 2017

Have you ever awoken the morning after signing a contract for something – a gym membership, a car, a new phone plan, or a house – and thought “Oh, no! What have I done?” Well, it may not be the end of the world. If the contract contains a cooling-off period, you probably have a way out of it. A chance to […]

Seven habits of highly effective investors

By admin • December 8th, 2016

If you’re feeling a little bombarded by news about the US and Australian elections, Brexit fallout, RBA interest rate cuts, anaemic global growth—you’re not alone. In a low-return, high-volatility world, many people are asking, ‘How can I protect my investments in this environment?’ By: Russell Investments Unless you’re a day-trader or speculator, watching the market […]

Keys to de-stressing a mortgage

By admin • October 26th, 2016

“Don’t sail out farther than you can row back.” This Danish saying is sound advice for anyone thinking of borrowing to buy a home, particularly now that interest rates are low and house prices are generally rising. According to a paper (1) for the Centre of Policy Development and University of Canberra, Australians have a […]

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