Month: October 2024

Overview Money you transfer from a foreign super fund to a complying Australian super fund may: count towards you super contributions caps, and be subject to additional tax if you exceed the caps be subject to Australian income tax be subject to rules and tax in the foreign country. Certain conditions must be met before … Read more

Salespeople and advertisers use tactics to pressure you to buy a product or sign up to a service. Knowing their techniques can help you avoid buying things you don’t need, or paying more than you should. Sales techniques to watch out for Salespeople and advertisers use a range of techniques to sell their products, particularly … Read more

Retirement is filled with opportunities and choices. There’s the time to travel more, work on long-delayed personal projects or volunteer your help to worthwhile causes. You also have a host of choices to make when it comes to funding your new life away from paid work. Here are four different options to consider.i Account-Based Pension … Read more

Some big companies have left the ASX recently. How do ETFs adapt to index changes? Share markets are ever changing. Companies come, and companies go. But what happens to share market indexes, and the exchange traded funds (ETFs) that use them as performance benchmarks, when a company is removed because of a merger or acquisition? … Read more

A third of Australians retire without a plan. Here’s why you should have one. Working and generating a stable income can be described as a comfort zone for most Australians. The same can be said for having a well-considered retirement plan that clearly identifies your current financial position and outlines what it will take for … Read more

You may be able to take your superannuation as a lump sum payment when you retire. This is usually tax-free from age 60. How a superannuation lump sum works Depending on your fund’s rules, you may be able to withdraw some or all of your superannuation (super) as a lump sum. If so, you can … Read more

Are you thinking about buying an investment property? Buying a property that you do not plan to live in can help you increase your wealth and accelerate your financial wellbeing. Property is usually viewed as a long-term investment with many advantages. It is, however, important to understand how property investment works, the costs involved and … Read more

Many Australian investors are discovering the benefits from investing offshore. Australian financial markets are continuing to evolve, and that’s why more and more Australians are finally spreading their investment wings and leaving home. That’s very apparent based on the increasing investment inflows into exchange traded funds (ETFs), some of which offer exposure to thousands of … Read more

Managing your financial situation always involves tension between how you live your life now and preparing for your future – whatever that looks like. The worry about not getting the balance right and making unnecessary sacrifices now – or not having enough money for the things you want to do in the future is a … Read more

It’s evident that the Australian consumer is under pressure. It appears the tailwinds that helped brand the consumer as ‘resilient’ are now turning into headwinds. Think of it like a rubber band: household budgets are being stretched tight and at the moment, the band is withstanding the pressure. So how long can it really hold … Read more

When you’re planning for retirement, consider what kind of home you can afford and what suits your level of independence. Think about whether you want to stay where you are, downsize, or move to a retirement home. If you own your home Staying in your home If you plan to stay in your own home, … Read more