Memory loss can make it difficult to stay in control of your money. Things like checking bank statements or investments, or paying bills may become challenging. If you’re starting to struggle, it’s time to put some safeguards in place. A few simple steps will help you and your loved ones protect your money and prepare … Read more
Overview You can access your super early in very limited circumstances, including to pay certain expenses on compassionate grounds, as well as terminal illness, incapacity and severe financial hardship. Access on compassionate grounds You may be allowed to withdraw your super early on compassionate grounds to pay for: medical treatment for you or your dependant medical transport … Read more
Key takeaways If you contribute some of your after-tax income or savings into super, you may be eligible to claim a tax deduction Making a salary sacrifice contribution into super could see you pay less tax than if you received the money as take-home pay If your spouse is not working or earns a low … Read more
The latest rise in the Age Pension rate still falls short of what many people may need to have a modest lifestyle in retirement. Around 2.58 million Australians received a 1.78% government Age Pension payment boost on March 20 as part of Centrelink’s twice-yearly indexation review. They included the 1.76 million people who receive a … Read more
Planning is the key to successful investing. Creating a plan will help you find investments that fit your investing time frame and risk tolerance, to help you reach your financial goals sooner. 1. Review your finances Before you invest, review your financial situation. Write down what you owe (your debts) and what you own (your … Read more
