More on the 2018 Budget
The Federal Budget 2018. What it means for you… The Federal Budget was handed down last Tuesday, May 8, 2018. While the measures announced in the budget are yet to be passed by Parliament, we can generally assume that most of the announcements will become reality. From an individual perspective – especially if you do […]
As of 2017, almost all tax-payers can make a private, personal contribution into their superannuation fund and then claim the contribution as a personal deduction when they do their tax return. You can contribute any amount provided that your total concessional contributions are not more than $25,000 in a particular year. Remember, the compulsory 9.5% […]
Are you planning to live on the age pension when you retire? Or would you like to do a little better than that? I came across some research recently from 2016 that demonstrates that it is likely that most people aged in their 30s today will have nothing more than the age pension to live […]
Superannuation really is super. Super lets you pay less tax and boost your retirement savings, all in one go. I really like it and I think you should too. If you are an employee, then you are almost certainly entitled to receive compulsory super contributions from your employer. Generally, these contributions equal 9.5% of your […]
I’ll start this blog with a question. When you spend money, how often do you ask yourself what you won’t be buying as a result of your spend? After all, you can only spend a dollar once. Whenever you buy something, that means there is something else that you cannot buy. Financial advisers call this the ‘opportunity […]
3 MINUTE READ Here’s a thought to ponder… The biggest regret of people over the age of 65 is that they didn’t save more money for their retirement. Retirement means no longer working (you don’t retire from life) and the reality is that most people don’t have the money to do all the things they’d […]
3 MINUTE READ The simple fact is that there are too many self-managed super funds in the hands of people who don’t need one or don’t know how to manage a self-managed super fund. Self-managed super funds are being sold to people on the following basis: CONTROL. However, that control comes at a cost… accountants, […]
4 MINUTE READ One of the most common questions about money is whether it’s better to pay money off the mortgage or put it into super. There’s no perfect answer to this question, but it’s important that if you’re weighing up this sort of decision that you do it knowing what your options are. One […]
4 MINUTE READ A nest egg is simply a sum of money for the future. Think of it this way… if you ever want to be able to afford to stop working and maintain your lifestyle then you’re going to need a nest egg. How big a nest egg? Well, that depends on what sort […]
According to new Roy Morgan research*, people intending to retire in 2016 have a net wealth of $281,000. This does not include the value of the family home, but there’s a reason for that – the place you live in produces no income. Given a single person currently needs $545,000, and a couple $640,000, for […]