The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is the ideal time for setting financial goals, and here are four practical ways you can kick your year off to a great start. Decide what you […]
Four financial goals to kick start the new year Read More »
The best interests duty for mortgage brokers is a statutory obligation for mortgage brokers to act in the best interests of consumers (best interests duty), and to prioritise consumers’ interest when providing credit assistance (conflict priority rule). These two obligations are collectively referred to as the Best Interests Duty. Based on the Royal Commission’s recommendations,
What is the Best Interests Duty for mortgage brokers? Read More »
Treasury has released draft legislation to enact the Federal Government’s plan to increase the tax rate on earnings on superannuation balances over $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step closer to implementation. The draft legislation seems to be
Draft legislation released for 15% on earnings for superannuation balances over $3m Read More »
It’s not uncommon for friends and relatives to band together to capitalise on the investment property market. But what happens when it all goes wrong?
Would you buy a house with friends or relatives? Read More »
Many people use the Christmas and New Year time to reflect on the year that has just passed, often in a blur, and begin thinking about the future and how to achieve their hopes and dreams. It can be a good opportunity to reconsider financial strategies and goals. If that sounds like a good idea,
Time to reflect and reset for the year ahead Read More »
Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so. Late last month the detail of the housing initiatives announced in the Federal Budget were released for consultation. We explore what’s on offer and the implications.
Super Concessions for First Home Savers and Downsizers Read More »
Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax. From 1 July 2017, every individual selling a property with a sale value of $750,000 or more is affected.
What Everyone Selling a Property Valued at $750K or More Needs to Know Read More »
Often there is a preconception that life insurance gets more expensive as you age. In some cases, this is true because as you get older, you’re more prone to injury or illness and can be riskier to insure. There is a choice with your premiums: you may choose a stepped or level life insurance premium.
Stepped vs level life insurance premiums Read More »
As New Year resolution time rolls around, spare a thought for your business, because every business can benefit from a few resolutions of its own. Here are a few ideas that any business can build some New Year resolutions around. Make sure you have an up to date business plan. Many business plans sit gathering
New Year resolutions for small businesses Read More »
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