Superannuation is a handy way of saving for retirement, so that you’ll have an income to live on once you’re no longer working. Your employer must pay a portion of your earnings into your superannuation fund, which invests them on your behalf. How much superannuation will I be paid? In Australia, your employer is required […]
Ok we get it, knowing where to turn to for financial advice can be confusing sometimes! Financial planners and financial counsellors are both types of financial experts, so which one is right for you? To answer this question, start by considering why you’re seeking financial advice. Is it to improve your financial wellbeing? Plan for retirement? Manage […]
Financial year 2019-20 is now behind us and there’s nothing like closing a chapter to inspire thoughts of a fresh start. But global challenges persist: Australia is officially in a recession while also bracing for a post-Job Keeper economy in September. While it’s impossible to anticipate future changes to the global economy, there’s plenty you […]
There are only certain people who can inherit your super when you die. There are also two different types of nominations you can make. Here’s what you need to know before making your super beneficiary nomination. Super is different from other assets, such as your house, because the trustee of your super fund ultimately decides […]
The end of financial year on 30 June is a good time to take stock and get your finances in order. Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means many of us face unexpected pressures in a changing […]
Introduction The blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion. Some reports are hopeful of anti-viral drugs, others say a vaccine is at least a year away. There is talk of curve flattening but still rising cases and deaths. There is news of an easing […]
There’s an old saying that you shouldn’t make short-term decisions with long-term consequences. But that’s exactly what the Government is inviting many of us to do by relaxing the hardship provisions of superannuation to try to help people struggling to make ends meet in this coronavirus-ravaged world. Let me say at the outset, my intention […]
It may not be something you think about much. It may even make you uncomfortable to examine the way you manage money and think about whether you’d be able to cope if you suffer a significant financial setback. But your financial wellbeing can impact every area of your life, so it’s worth taking the time […]
In the wake of recent ferocious bushfires, the climate change debate has climbed the news agenda, with many Australians now considering what they can do to help. If you’d like your money to make a difference to the environment as well as your future, now might be the time to consider ethical investing. It’s a […]
Salary sacrificing – making before-tax (concessional) contributions from your salary into your super – may be an effective way to help grow your super and set yourself up for a comfortable retirement. For most people, their salary sacrifice arrangements are on top of the 9.5% pa super guarantee (SG) contributions that employers are legally obliged […]