Why pay down your home loan faster You might wish to boost your repayments now, so that you can enjoy the freedom of being mortgage-free. This could help bring forward the overseas holiday you’ve been promising yourself, or help your children complete their education. Perhaps you’re planning on renovating your
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
Key points: Getting an assessment is the first step towards getting access to Government funded services Assessments are undertaken by the Aged Care Assessment Team across Australia, or the Aged Care Assessment Service in Victoria You can have your assessment reviewed if you don’t agree with the outcome From there,
Many Australians expect an inheritance, but their parents may have a different view. Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia Retires research, but it shouldn’t come as a
The tax cuts introduced from July 1 and other changes may mean it’s time for a review of your current tax, super and investment strategies to make sure you’re maximising the benefits. Under the changes, the previous 19 per cent tax rate reduces to 16 per cent, while the 32.5
Gold prices have been climbing strongly in 2024 as investors, jittery about the effects of wars in the Middle East and Ukraine, buy up the asset because of its reputation as a safe haven. The spot price has risen more than 18 per cent since mid-February.i Demand for the precious
For many older Australians, their retirement years are not only a time to enjoy the fruits of their lifelong labour, but also to think about how they can pass on their wealth to the next generation. Around $3.5 trillion is expected to be transferred from those aged 60+ over the
Conventional wisdom used to dictate Australians were better paying off their home loans, and then, once debt-free turning their attention to building up their super. But with interest rates ramping up over the past two years, and uncertainty as to when they are likely to reduce, what’s the right strategy
With money becoming tighter as inflation rises, many people are looking to make some extra income from a ‘side hustle’. As we move towards a cashless society and transact more online, it’s becoming easier for the ATO to follow the money trail. Whether you rent your caravan on Camplify, or
AMP Deputy Chief Economist Diana Mousina looks at the issues that have led to the increasing wealth divide between older and younger Australians Comparing wealth inequality has long been a popular debate in Australia, from popular slogans like “OK Boomer” to generalisations about the “smashed avo eating” millennial and Gen
The start of a new financial year is the perfect time to get your financial affairs in order. Whether it’s tidying up your paperwork, assessing your portfolio or dealing with outstanding issues, there are plenty of practical actions you can take. Here are some strategies for starting the new financial
You may have heard it said, “No risk, no reward.” But did you know that time can actually decrease your risk while increasing your reward? Investing: Risky business? When some people think of investing, they focus on the potential for great rewards—the possibility of picking a winning share that will
