With historically high household borrowing levels and major banks recently opting to increasing lending rates, it is important that your debt position is reviewed regularly so it be managed and structured effectively to minimise borrowing costs.
Spouse Finances: The benefits of taking a joint approach
One of the clear benefits of taking a joint approach to family finances is that both spouses will gain a better understanding of how family money is managed and place themselves in a stronger position to reach their long-term goals. As a result, couples who take a co-ordinated approach are generally more confident about their financial future.
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Super Reform bills now passed: How SMSF’s should plan for $1.6M pension cap
Much has been written about the Government’s proposed superannuation measures which have now just been passed by both Houses of Parliament. Of particular interest to some is the $1.6 million cap on the transfer of monies into the tax-free retirement phase. The legislation shows how the Government wants the cap to work in practice and highlights what SMSF trustees should be aware of ahead of its introduction on 1 July 2017.
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Australia Today- What does it cost to be comfortable?
Recently global market research firm IPSOS prepared some ground-breaking research which lifts the lid on how Australians are living their financial and social lives, creating financial security and preparing for retirement. The research findings are quite fascinating.
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Super Ambitions: How can we get to $1.6 million plus?
There is much misinformed comment that two of the Federal Budget’s core superannuation proposals will significantly hamper the ability to save in superannuation. It has been stated that fund members who can afford to make large contributions will not be able to reach the new pension cap of $1.6 million. However, modelling by actuarial firm Rice Warner gives a different impression.
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