‘Prepare yourself for the future retirement you want’ Living the retirement lifestyle you want takes careful planning. And while everyone’s ideal future retirement is unique – and could involve a sea or tree change, travel and time dedicated to hobbies – most of us want to continue with the standard of living we enjoy during […]
Should parents charge kids? I recently came across a news story about a hapless New York couple, who have taken their 30-year old son to court in a last ditch effort to get him to move out of home. My first thought was “only in America”. But here in Australia, high rents and low housing […]
The end of the financial year will likely bring the usual wave of tax scams. Here’s what to watch for. The Federal Budget is behind us, and amid the celebrations over tax cuts (around $500 annually for low to middle income earners), now is the time to be mindful of scammers pretending to be from […]
Want to help boost your retirement savings while potentially saving on tax? Here are five smart super strategies to consider before the end of the financial year. 1. Add to your super – and claim a tax deduction This financial year, there are new rules about who can claim a deduction for personal (after tax) contributions […]
‘Financial goals measured better if you have a passion for sports’ If your golf clubs have been under wraps or your tennis racquet has been tucked away for some time, it could be worth dusting them off. Research by AMP found Australians who play sport regularly are 64% more likely to achieve their financial goals […]
With no definitive retirement age in Australia, the date you exit the workforce will probably come down to personal circumstances and whether you can afford it. The retirement age in Australia isn’t set in stone. You can really retire whenever you want to, but health, financial commitments and your ability to fund the lifestyle you […]
Be in control of your personal debt Household and personal debt in Australia is high but more of us are taking a sensible approach to debt management. Nationally, our household debt ratio is nudging 200%. On paper it means we owe twice as much in debt as we bring home in our pay packets each year. […]
Changes aimed at improving housing affordability have passed through parliament under new legislation. Government proposals around improving housing affordability in Australia were passed through parliament on 7 December 2017. As part of the changes, first home buyers will be given a tax concession through the ability to save for a home deposit inside super, while Australians aged 65 and […]
Younger generations should arguably be in a better position to self-fund retirement at the current super guarantee rate of 9.5% which is set to rise to 12% by 2025. But the sooner they start planning their transition to retirement (TTR), the better. Overview of TTR With transition to retirement (TTR) you can keep working while […]
