Life insurance, such as death cover, income protection, critical illness, and total and permanent disability insurance, allows you to plan ahead to protect your lifestyle and your family’s financial future. Indexation, or inflation protection, is an optional feature that can be included in your life insurance policy to safeguard the value of your benefits from […]
Income protection insurance is designed to replace a portion of your income if you can’t work due to illness or injury. But what happens if you have two or more sources of income? Income protection in Australia generally covers up to 70% of your income. If you have two or more jobs when you apply […]
Investing is full of jargon and technical terms, making getting started or managing your investments seem intimidating. Here are some of the key terms to help you better understand the different options available to you. Common investing terms There are a few terms that you’ll see repeated when we’re talking about investing. Bonds – Bonds […]
With the life expectancy of Australians increasing over the years, most of us can assume we’re going to live longer than previous generations. But are our expectations on the money, or way off the mark? We bring you five important facts everyone needs to know about life expectancy. Back when compulsory super started in 1992, […]
More working-age Australians intend to take a career break at some point. We’ve calculated the potential impact of doing so on retirement superannuation balances. Extended career breaks were once a rarity for most Australian workers but these days they are more common. Vanguard’s inaugural How Australia Retires study has found that 2 in 5 current working-age Australians […]
Earning interest on interest: learn how the power of compounding can send your savings rocketing. Key takeaways Compound interest enables you to earn interest on interest which is accumulated over time. The effect of compound interest becomes extremely powerful over a long timeframe as the amount of interest earned grows. Investing in your super is […]
Buying your first home is a huge achievement — one you should be proud of, and one that’s worth protecting. Life insurance can safeguard your new home through some of life’s most challenging moments. What does life insurance have to do with my first home? You probably wouldn’t think twice about protecting your car or […]
We all want to make the most of our tax return each year. Did you know, other than claiming the usual work-related expenses, certain super contributions may also be tax deductible? If you’re looking at what deductions you might be able to claim this tax time, the good news is you may be able to […]
Changes to the age pension came into effect on 1 July 2023. Here’s what changed and how it could affect Australians entering retirement. A couple of age pension changes recently came into effect: Age pension age has increased from 66.5 to 67 Income and assets thresholds have increased for the income and assets tests So […]
Shop around We often shop around to get the best deal when it comes to consumer items but the same should always apply to services we get. It’s a highly competitive world out there and service companies want to get and keep your business. So when getting a new service – whether it be for […]
