Changes to super guarantee from 1 July 2022 will benefit casual and part time employees It has been a long time coming, but the $450 monthly minimum wage for Super Guarantee contributions has finally been abolished, starting 1 July 2022. This means employers will be required to make super contributions for all employees, including casual … Read more
The Reserve Bank of Australia’s decision to increase its official interest rate for the first time in more than a decade had been widely expected. The only so-called unknown was exactly when the RBA would move its cash rate higher. The cash rate is the set interest rate applied to unsecured overnight loans between banks … Read more
Lower tax on your investments can help you reach your financial goals sooner. But don’t choose an investment based on tax benefits alone. How investment income is taxed You need to include investment income in your tax return. This includes what you earn in: interest dividends rent managed funds distributions capital gains from property, shares … Read more
Despite many years in the world of finance, Reality Cheque podcast host Genevieve Frost admits there was one simple money-saving trick she always put off – reviewing how much her various providers cost her each month. Not anymore. Her secret? Tackling one provider each month – whether it be her home loan, insurances or credit … Read more
Being close to paying off your home loan is an enviable position. If you’re wondering what to do next, we discuss some benefits of investing further versus being mortgage free. Your mortgage, your super or your investments It’s tempting to pay off your mortgage as quickly as possible. But what about investing? Building your wealth by paying … Read more
Australia’s superannuation system is based on individual accounts, with men and women treated equally. But that’s where equality ends. It’s a simple fact that women generally retire with much less super than men. The latest figures show women aged 60-64 have an average super balance of $289,179, almost 25 per cent less than men the … Read more
Ever wondered why you keep buying things you don’t need with money you don’t have? Why you can’t seem to save even though you’re earning a decent wage? Or why you’ve just never got around to investing, despite your rational brain saying it’s the sensible thing to do? If this is you, or someone you … Read more
Do you dream of retiring in the country? Do you feel it’s time to leave the rat race behind and get among the fresh air, great outdoors and tight-knit community country towns are renowned for? Many retirees decide to move to country areas so they can enjoy a slower pace of life during their golden … Read more
Why buy shares? When people talk about investing in shares (or stocks), they’re usually referring to common shares. These kinds of shares give you the opportunity to join in the success of public companies listed on the Australian Stock Exchange, and as such, they’re an investment that can really grow your investment portfolio. Because you’re a … Read more
Key takeaways One of the main things to consider before investing is having 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 can … Read more
The surge in house prices around Australia over the last two years has done little to quell the notion that getting on the property ladder is an increasingly difficult feat, particularly for younger investors. While higher interest rates expected this year may lead to less demand and a fall in house prices, property buyers are … Read more
There is a saying ‘a fool and his money are often parted’ but with scammers becoming ever more devious and sophisticated in their methods, it pays for everyone to be aware of the latest tricks being employed. According to Australian Competition and Consumer Commission (ACCC) data, last year was the worst year on record for … Read more
