Catch up on your super If you’ve had an irregular or interrupted income in the past, you might’ve missed out on opportunities to contribute to super. If you don’t fully utilise your concessional cap, and you’re eligible, you may be able to make ‘catch up’ on concessional contributions. What is a ‘catch-up’ concessional contribution? It used … Read more
Borrowing to invest, also known as gearing or leverage, is a risky business. While you get bigger returns when markets go up, it leads to larger losses when markets fall. You still have to repay the investment loan and interest, even if your investment falls in value. Borrowing to invest is a high-risk strategy for … Read more
Key takeaways One of the main things to consider before investing is to have a plan – consider your investment goals including when and how you want to achieve them Identify the timeframe you’re giving yourself to build your financial goals, and how much risk you’re prepared to take on There are many ways you … Read more
Have a savings goal and budget It’s much easier to be a good saver if you have a goal in mind. It might be a holiday, a house deposit, or just a rainy day fund. To work out the amount you’ll need, be realistic about what you can afford to save each week, fortnight or … Read more
You can get your super when you retire and reach your ‘preservation age’. This is between 55 and 60, depending on when you were born. Or when you reach age 65, even if you are still working. There are special circumstances where you can access your super early. When you can get your super You … Read more
