Key takeaways By meeting certain conditions every month, you could have access to much higher rates and earn bonus interest Many banks offer their best savings rates to customers who open two accounts with them—one for savings and one for everyday transactions Savings accounts are a low-risk investment and are protected (subject to certain limits) … Read more
If you’re invited to join an employee share scheme, you may be able to buy shares at a discount on the current market rate. Schemes vary, so check the offer terms and consider the pros and cons before you sign up. How an employee share scheme works In an employee share scheme, you get shares … Read more
Most super funds offer life, total and permanent disability (TPD) and income protection insurance for their members. When reviewing your insurance, check if you’re covered through your super fund. Compare it with what’s available outside super to find the right policy for you. Types of life insurance in super Super funds typically offer three types … Read more
Your super is there to help fund your retirement. However, if you’re finding it hard to make ends meet, you can apply to access your super early to help pay your living expenses. Severe financial hardship If you’re experiencing severe financial hardship, you can apply to access some of your super. This can help pay … Read more
Income protection insurance pays part of your lost income if you’re unable to work because of a disability caused by illness or injury. It can help pay the bills so you can focus on getting better. What income protection insurance covers If you’re unable to work due to partial or total disability, income protection insurance … Read more
Here are some tips that can help you build confidence in your investing approach, no matter what the markets are doing. Emotions always play a role in investing. For some investors, especially newer ones, it can be hard to separate the idea of investing from “losing it all.” If you’re anxious or insecure about your … Read more
The fees you pay on your super could have a material impact on how you retire, which is why it’s important to understand how they work. A quick internet search of the term “super fees” turned up other questions people ask, including “what fees are charged on superannuation?”, “do all super (funds) have fees?” and … Read more
When it comes to investing in real estate, equity is a key concept to wrap your head around. The Successful Investor’s Michael Sloan explains what equity is, and how you can use it to your advantage. Benefits of property investment Property is a reasonably secure, long-term investment. You can potentially earn rental income that covers your real estate … Read more
Downsizer contributions Once you reach age 55, you may find yourself wanting to downsize your family home into something smaller or more suited to your changed needs. How it works The downsizer contribution allows eligible Australians aged 55 or older to sell their primary residence and contribute up to $300,000 ($600,000 for couples) of the … Read more
Succession planning can be difficult at the best of times without dealing with the added pressures farmers have recently faced with droughts, fires and floods. And that’s why it is even more important to plan early and get it right when you are on the land. You are not just dealing with a business, but … Read more
The new year is a great time to get into financial shape. Here’s some simple steps to develop new investing habits. The new year often comes with resolutions to get healthier and fitter. On the financial front, it’s also a great time to review investments and superannuation portfolios and assess one’s financial wellness. Investors should … Read more
