What is your ‘estate’? Your ‘estate’ includes everything you own – your ‘earthly possessions’, if you will. It can include for example cash, property, cars, boats, furniture, jewellery, family heirlooms, art, shares and more. What is estate planning? This is where you decide what will happen to your belongings after
Raising your kids to be smart with money gives them vital life skills. Helping younger kids understand money As a parent, you can shape your child’s relationship with money from an early age. You don’t need to be a money expert to teach kids about money. Simple conversations at
The capital gains tax (CGT) reforms have sparked debate about whether investors should favour income-producing investments over those focused on growth, in an effort to reduce their tax bill. But a lower tax bill doesn’t necessarily lead to a better investment outcome. New modelling of the reforms suggests that while
A very different retirement awaits For generations of Australians, owning the family home outright by retirement was almost taken for granted. You bought a house during your working years, gradually paid down the mortgage and ideally entered retirement debt-free, with superannuation and the Age Pension available to help fund your
How well do we understand our money? Most of us make financial decisions almost every day. We decide whether to save or spend, how much of the mortgage to pay down, where to invest and, eventually, how to turn decades of savings into an income that can support us through
How to dispose of shares You can dispose of your shares in the following ways: selling them giving them away (gifting shares) transferring them to a spouse as the result of a breakdown in your marriage or relationship through share buy-backs through mergers, takeovers and demergers because the company goes
In Australia, there are both ownership and rental opportunities to choose from when deciding on the best retirement living option for you. Key points: There are varying tenure types that can impact your rights over a property in a village Make sure to understand all the costs and fees that
Learn how defined benefit super works and what it could mean for retirement. What is defined benefit super? Defined benefit super is a can work together to fund your retirement including account-based pensions and lifetime income streams. Before making changes to your defined benefit super Defined benefit accounts can offer
A managed fund lets you hand investment decisions to a fund manager. How a managed fund works In a managed fund, money from many investors is pooled and invested to match the fund’s investment strategy. The strategies can range from lower-risk cash funds to higher-risk share and property
For many people approaching retirement, the transition from full-time work to retirement is no longer a sudden stop. Instead, it’s often a gradual process that involves reducing work hours, maintaining cash flow and continuing to build retirement savings. One strategy that can support this approach is a Transition to Retirement
Retirement starts long before your last day at work There are certain moments in life that reshape not just your finances, but the way you live. Starting a family, moving overseas for a job, changing careers – retirement belongs in that same category in terms of its significance. Traditionally, retirement
Floating rate bonds tend to receive less attention than shares or fixed rate bonds. Yet in Australia, floating rate bonds are far from niche. They play a starring role in Australia’s credit market as the favoured source of debt funding by the major banks. Floating rates are a familiar concept
