Retirement confidence isn’t just about your nest egg, it’s about your plan Do you know how much interest you pay on your mortgage? Chances are you do. Like many homeowners, you may follow the Reserve Bank’s interest rate decision closely. You know what your repayments are, how much rates have
The Higher Everyday Living Fee, or HELF, is a new optional fee that lets aged care residents pay for a more premium experience, from better meals to in-room entertainment. It’s completely optional, and declining it shouldn’t affect the standard care you receive. This guide breaks down what HELF actually covers,
It was pitched to investors as “the biggest initial public offering (IPO) in a generation”. Firmus Technologies – a developer of artificial intelligence (AI) data centres – planned to raise A$7 billion from investors on the Australian Securities Exchange. Recently, bankers working on the deal declared investor interest in the
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
