What is salary sacrificing into super? Salary sacrificing into super is an agreement between you and your employer to pay some of your pre-tax salary as contributions into super. Doing this can also be tax effective. The amount you contribute to super is taxed at up to 15% (and up to 30% if your income … Read more
In the same way finding a balanced lifestyle is conducive to good health, finding balance in an investment portfolio gives investors the healthiest chance of achieving their long-term goals. Having a diversified mix of assets is essential because it mitigates market volatility and reduces portfolio risk. This is because the best performing asset one year … Read more
For the first time in years, the amount needed to save for a deposit is decreasing as housing values across most of Australia decline. While this sounds like good news if you’re saving for a deposit, cost of living increases means aspiring homeowners may not be able to divert as much money to a deposit … Read more
Key takeaways: Before making the decision to switch, it’s important to give your current lender an opportunity to offer you a better deal There are costs involved when switching your mortgage to another lender, so you’ll need to work out if you’ll save money by doing this Once you have an idea of which mortgage … Read more
If you stay with the default super fund provided by your employer there’s a chance you’ll miss out on thousands in super. It makes sense to take a close look at your current super fund and consider whether your money could be working harder elsewhere. If you still have many years to go until you … Read more
You may have heard it said, “No risk, no reward.” But did you know that time can actually decrease your risk while increasing your reward? Investing: Risky business? When some people think of investing, they focus on the potential for great rewards—the possibility of picking a winning share that will increase in value over time. … Read more
Key takeaways A will, the bones to any successful estate plan, sets out your wishes as to what happens to your assets when you’re gone A legal instrument called a power of attorney can help ensure that someone with your best interests at heart can make decisions on your behalf Testamentary trusts enable your wealth … Read more
Everyone saves money differently. From setting aside a portion of your pay, to choosing the right account, here are some tips on how to be a better saver and reach your financial goals. Have a savings goal and budget It’s much easier to be a good saver if you have a goal in mind. It … Read more
An understanding of the risk and return characteristics of various asset classes is vital to the portfolio construction process. When constructing a portfolio, having an asset allocation that encompasses a wide range of different investments is an important factor for long-term investment success. But as the number of investment products and variations available to investors … Read more
Key takeaways For the 2022/23 financial year, most taxpayers can make up to $27,500 in before-tax contributions to super If you’re under 75, and depending on your total super balance, you may be able to make up to $330,000 in after-tax contributions to super If you’re 60 or over, you may be able to make … Read more
