The federal government has announced updates to its plan to reduce tax concessions on superannuation investment earnings for Australians with balances over $3 million. While the proposal is yet to be legislated, several key changes have been introduced. What’s changing? The revised proposal excludes unrealised capital gains, meaning only realised gains including profits from the … Read more
Owning your home outright might feel like a far-off dream, especially if you’re grappling with cost-of-living increases – but with a few smart financial strategies, it could become a reality sooner than expected. Paying off your loan faster doesn’t have to mean overhauling your lifestyle or making huge sacrifices. In fact, many people make real … Read more
How much super should I have is a common question. But when it comes to how much super (or other savings) you’ll need for retirement there’s no single right number – because everyone’s retirement looks different. It depends what your big costs are likely to be, and what sort of lifestyle you want. No matter … Read more
Low interest rates have intensified the search for higher income returns Noted in a recent article, Australian households are now holding record amounts of cash. Reserve Bank data shows the weighted average interest rate being paid on term deposit amounts up to $10,000 held in authorised deposit-taking institutions (ADI) such as banks and credit unions … Read more
