× Home Modules Articles Videos Life Events Calculators Quiz Jargon Login
☰ Menu
Tags: Debt  Estate Planning  Insurance  Investments  Superannuation  Tax  Show All   
Passing on wealth while alive or through a Will: Which is better?

Is it better to pass on your wealth with warm or cold hands? As always, the answer depends. But there are a few pitfalls you should be aware of with each.

Cash poor, getting by or high net worth: What will your retirement look like?

If you’re thinking about retiring soon, take some time to review your financial position and think about which of the following categories you might find yourself in.

The Stage 3 tax cuts are live, what should you do with the extra money?

The Stage 3 tax cuts have finally come into effect. We explore a few alternatives to spending the money that might benefit you in the long run.

Teenager’s first job: Tips to help them manage their finances

Your child is sure to learn plenty of important money lessons once they start earning an income, but there’s still plenty you can do to nudge them in the right direction.

3 cognitive biases that might hindering your financial success

Behavioural economist Simon Russell discusses some of the ways that our unconscious mind might be calling the shots when it comes to investing.

What happens to your super if you divorce?

Superannuation, divorce and family law can be difficult enough to navigate on their own, but things can get especially complex when they’re bundled together. Here are some things to keep in mind when splitting super with an ex-spouse.

Start the new financial year strong with this EOFY checklist

As the 2023-24 financial year draws to a close, we bring you a wrap up of important 1 July changes and some strategies to help put you in a strong position for the coming year.

5 simple metrics to gauge your financial health

If elaborate spreadsheets aren’t your thing, you might use these metrics to get a sense of how your finances are faring — and how far you have to go to reach your goals.

Inheriting property with siblings: What are your options?

Knowing you’ll inherit your parents’ home may be welcome news, but things can get very tricky if you have siblings you’ll have to share it with. Here are a few avenues you might find yourself considering.

Federal Budget 2024-25: What you need to know

The Labor Government’s 2024-25 Federal Budget was unveiled on 14 May. We look at how the Government plans to manage the cost of living crisis while also keeping inflation in check.

Can you inherit a family member's debt?

If a relative or loved one dies owing money, does it fall on their next of kin to cover any unpaid debts? The answer might be more complicated than you first thought.

How to make the most of your super at each life stage

Take it seriously and your super will likely end up among the most important financial assets you own. Here are a few goals to keep in mind if you're looking to boost your super, no matter your age.

The tax implications of being made redundant

A redundancy payment can help lessen the sting of losing your job. These payments can sometimes be quite generous, so questions around tax are bound to come up.

What you need to know about death & TPD insurance

You won’t be blamed for avoiding thinking about death and total and permanent disability (TPD) insurance. But depending on your occupation you might be doing yourself a disservice.

Protecting your child's inheritance from divorce

If you’ve given your child an early inheritance or a large sum to help buy a property, you might be wondering what would become of it if they were to split up with their partner.

Can you start working again after receiving your super?

Circumstances change, and you might be thinking about returning to work after having entered retirement. But is this allowed if you’ve already accessed your super?

Immediate steps to take after receiving a large cash windfall

Receiving a large sum of money can seem like a blessing at first. But the novelty and excitement can quickly give way to stress and decision paralysis.

The financial scams to watch out for in 2024

Australians lost a total of $477 million to scams last year, with the majority of victims falling in the over-65 category. Here are a few common ploys used by cybercriminals you should be aware of.

Volunteering has plenty of benefits for retirees. Should you take it up?

Our post-work years often lack the structure and meaning that our working years did. For those looking for a substitute, volunteering might be the answer.

The tax deduction not many people talk about

There’s been a lot of focus on the rejigged stage 3 tax cuts. But there’s another way to potentially reduce your taxes, and it receives comparatively little attention.

Buying property now vs 30 years ago

Today’s property landscape might seem unfriendly to first home buyers, but do younger Australians really have it worse than their parents did?

Financial infidelity: The toxic trait that can tank your relationship

It’s not the end of the world if you and your partner aren’t totally compatible when it comes to money. But things can get particularly messy when one partner feels the need to lie to the other.

Transitioning to retirement with your health and sanity intact

It’s common for retirement to not live up to our expectations. If you’re feeling nervous about your post-work years, here are a few things to keep in mind.

Getting your finances sorted after a divorce

For some people, the financial impact of divorce can be as devastating as the emotional impact. Here are some tips to help you make it out the other side with your finances intact.

How thinking like a business can help boost your personal finances

Many business owners understand the importance of keeping overhead low, profits high, and doing what they can to stay ahead of the curve. As individuals, we might be able to apply some of these strategies in our own lives.

What do people typically do with their super when they retire?

If all has gone according to plan, you’ll have enough super to live comfortably in retirement. But there’s more than one way that super can be paid out, and what you choose to do with yours can make a big difference.

5 steps to help reduce financial stress in the new year

Cost of living pressures have piled on over the last 12 months, and many Australians have entered the new year with a sense of apprehension. For anyone looking to ease the stress, these tips might be a good starting point.

How your super can help you save on tax

If the prospect of a comfortable retirement wasn’t incentive enough, there are a number of ways Australians can boost their retirement savings and save on tax at the same time.

Financial goals for each decade of life

How to accumulate money, spend it, and put it to work in service of our long-term goals are all important questions, and they tend to evolve as we age. Here are some common financial goals for each decade of life.

Buying vs renting in 2024: What’s the forecasted outlook for each?

The challenges faced by both renters and first home buyers in 2023 look set to continue this year. Are you better off picking one over the other?

Making the most of an unexpected early retirement

Retirement isn’t always as glamorous as it’s made out to be, but things can be especially challenging if the decision to leave the workforce wasn’t yours to begin with.

Kickstarting your career after an extended break

Whether you’re scouring the job boards or sitting across an interviewer, a prolonged absence from work can hurt your confidence. If you’re looking to get your career back up and running, here are some tips that might help.

Tax time mistakes every investor should avoid

Markets have seen an influx of new investors over the last few years, but many Australians remain painfully unaware of some of the tax rules that apply.

14 estate planning essentials beyond your Will

There’s a lot more to the estate planning process than getting your Will sorted. Here are a few additional items that, depending on your situation, you might need to check off the list.

How do you know if a comfortable retirement is within reach?

No one knows with certainty what their post-work years will look like, but there’s a lot we can do to help secure the retirement we want.

Unlearning the bad money habits holding you back

For financial educator Vanessa Stoykov, changing our attitude towards money means first understanding all the things that shaped it in the first place. 

What you need to know about account-based income streams

During your retirement years, you can access a portion of your super to fund your day-to-day needs while the bulk of your balance remains invested.

5 traps to avoid when giving an early inheritance

An early inheritance can make all the difference in your child’s life, but there are plenty of issues you’ll need to be aware of before parting with your cash.

The ins and outs of the Age Pension

The Age Pension is an important source of income for millions of Australian retirees. But there are plenty of rules you’ll need to be aware of before you apply.

Getting super fit: What to do if your super balance is lagging

Being proactive when it comes to your super can potentially have major benefits. Here are some steps you can take to help bring the retirement you want within reach.

Writing a Will? 4 nerve-wracking decisions you might face

Writing a Will can be a daunting — not to mention emotional — task. But without considering these questions, your efforts at end-of-life planning may be incomplete.

Tips to help with surviving the fixed rate cliff

The low fixed rates many Australians locked in over the pandemic period are gradually expiring. If you’re worried about what’s on the other side of the fixed rate cliff, here are some tips to help you with coping.

How to tell a real message from a phishing scam

Learn to spot the telltale signs of fraudulent messages and help keep your finances safe.

From empty nest to full house: Ways to cope when your adult child moves back home

Is your empty nest no longer empty? Here are some ways to navigate the emotional and financial challenges of an adult child moving back home.

Why investing in your child’s name can be a bad idea

If you’re looking to invest for your child, you should know there can be major drawbacks to doing so in their name.

Can your super death benefit go to the wrong person?

Are you confident your super will go to your preferred beneficiary if you pass away? Here are a few scenarios that might cause trouble for you.

6 questions to ask when you receive your super statement

There’s more to your super statement than how well your fund has performed. Here are a few questions to ask when you receive yours.

Can you still afford to ignore HECS-HELP debt?

For anyone with uni debt, the recent indexation increase of 7.1% might come as a shock. Here are a few things to keep in mind.

What are unlisted assets and do they belong in your super?

Super funds invest in many different assets to grow members’ retirement savings, including unlisted assets. But do you know how they work?

How AI is supercharging financial scams

AI is on the rise, and one group that’s been quick on the uptake has been cybercriminals. Here are just some of the ways the tech is being used to scam and steal.

Nicole Pedersen-McKinnon: 5 household hacks to help you cut your bills

Beating inflation is no easy task, but Nicole Pedersen-McKinnon offers some handy tips to help make the rising cost of living more manageable.

Your most valuable asset and how to protect it

The most valuable thing you own might not be your home, your car, or even your investment portfolio. We look at how to protect this often overlooked asset.

The 1 July tax and super changes you should know about

A lot has changed in the tax and super space this new financial year. Here’s a rundown of some of the most important items you should know about.

The super decision that could cost Aussies $120,000 in retirement

When it comes to your super, small decisions can have significant consequences. If you’re worried about things snowballing, consider these strategies.

Is early retirement still possible in a high inflation environment?

High inflation may have complicated your plans to retire early, but there are few things you should consider before giving up.

Ways to help your kids without breaking the bank

Worried that you won’t be able to give your family a helping hand in life without dipping into your retirement savings? Here are a few tips.

4 mind hacks to help turn your finances around

Do you struggle with impulsive spending or find saving money a chore? These small behavioural changes could help.

Are there any silver linings to the RBA's rate hike campaign?

Rising interest rates have been a thorn in the side of mortgage holders. But there is some good news to come from the RBA’s rate hikes.

Government incentives to help you break free from the rental crisis

If rising rental payments have fuelled your desire to break into the property market, here are a few government programs that may help.

How to get back on your feet after a breakup

As far as life changes go, a breakup can be among the most stressful. Here are some tips on how to make it out the other side with your finances intact.

Are you missing out on Age Pension payments?

We look at some of the reasons your pension payments might be falling short and what you can do about it.

5 ideas to save on tax before 30 June

Tax time is often stressful, but with a few smart strategies you may be able to minimise your tax burden and give yourself a nice little refund at the same time.

2023-24 Budget: A wrap up of the proposed measures

On Tuesday 9 May, Treasurer Jim Chalmers handed down the 2023-24 Federal Budget. Read about what the proposed measures could mean for you.

Why little and often can be a smart investment strategy

You don’t need a lump sum to keep the momentum going on your investments. Smaller, regular investments can be just as powerful.

Why knowing your retirement number can be the best antidote to FORO

If you’re suffering from Fear of Running Out (FORO), we’ve got some ideas to get you unstuck and on track with your future.

Offset vs Redraw: What’s the difference?

When mortgage repayments are on the up, using your home loan features to their full advantage can be a smart strategy.

Q&A: How can we save and start a family when money is tight?

We share some smart strategies to help keep your plans to start a family firmly intact.

5 things to check on with insurance through super

Insurance premiums that are deducted from your super balance are easy to forget about. If you have insurance through super, read on.

How to stay resilient in uncertain times

Kick fear to the curb with some useful and practical tips on staying financially and emotionally resilient when things feel unsteady.

8 signs your Will may need an update

When was the last time you reviewed your Will? Do you even have one? Learn the common life events that can date your current Will.

Caught in the middle: a sandwich generation that keeps on giving

Helping out loved ones is often part and parcel of being in a family. But are you overextending on your finances and time?

The eligibility age for the downsizer contribution has changed. Do you qualify?

If you’re in your 50s and selling your home is on the radar, you may be able to use some of the proceeds to boost your super.

What to think about if you're serious about switching careers

Contemplating a career change? Read on for some practical things to consider before you take the plunge.

Facing into fear: The key to a smooth transition into aged care

Moving into aged care can be a daunting prospect. Louise Biti from Aged Care Steps shares some practical tips to help parents settle in sooner.

Q&A: How can I start a difficult conversation about money?

Conversations about money can be hard at the best of times. We share some tips on how to ease tension and get things flowing.

8 ways to help build your money muscles in 2023

Learn some simple ways to help set yourself up to be fighting fit for the year ahead.

Why your goals could be the key to happiness

Behavioural finance expert Simon Russell shares some insights on the kind of goals that can lead to greater happiness.

3 things you may not know about super

Are you making the most of the types of super contributions on offer? We share three things that might just surprise you.

Q&A: How do education bonds work?

Investing in an education bond is one way to invest and save for a child’s education. We explain how they work.

Considering a sea or tree change? Ask these questions first.

Is a move to the country or coast in your near future? Make sure the practicalities stack up for you.

Q&A: Can electric cars save you money?

With the cost of fuel eating into household budgets, is it time to assess the financial merits of going electric?

The super 'death tax' you need to be aware of

If your leftover super is headed to adult children when you pass away, then be sure to take note of the significant tax implications.

5 ideas to get your kids into a money mindset

With the holiday season upon us, now might be a good time to make learning about money fun. We share some ideas.

Reflections on a year gone by

Taking some time out to reflect on the past twelve months can help set you up for a good year ahead.

Common pitfalls to avoid when passing on your wealth

Passing on your wealth to the next generation can come with complexities. Lawyer Katerina Peiros shares some common pitfalls to watch out for.

Sell now or wait? Deciding when to sell a property

When is the ‘right time’ to sell a property? Read up on things to consider when weighing up your options.

3 ways to protect yourself from online fraud

Fraser Jack at Cyber Collective shares some essential ingredients to a safety-first mindset online, and practical tips to help protect yourself.

Q&A: The cost of retirement is going up, what can I do about it?

If you’re in the lead up to retirement, you may be wondering what you can do to help keep your retirement plans on track. Read on for some ideas.

5 tips to reduce your holiday season spending bill

If you have a habit of getting caught up in a last minute gift-buying frenzy, we’ve got some tips to help keep your finances under control.

2022-23 Budget: A wrap up of the proposed measures

On 25 October 2022, Treasurer Jim Chalmers handed down an updated 2022-23 Federal Budget. Read about what these proposed measures could mean for you.

3 tips on negotiating a home loan rate

Mortgage Broker Catherine Denney from Nook Money shares tips to help with getting a good outcome from a phone call to your lender.

Q&A: Should I consider investing in a term deposit? (It depends)

When interest rates change, checking in on your savings strategy can be a good idea. We share some things to consider if you are thinking about investing in a term deposit.

5 ways to help fend off financial stress in a relationship

Money worries can affect even the strongest relationships. We share some ideas on helping to keep financial harmony intact with your nearest and dearest.

Choosing aged care for elderly parents

Deciding on the type of aged care is often one of the most difficult decisions to make. We look at the main differences between in-home care, residential care, and retirement living.

7 tips on dealing with fluctuating income

Being self-employed can come with its challenges. If you have ‘lumpy’ income to deal with, here are a few tips on how to manage this income in good times, and bad.

5 things I’d tell my younger self

Often the biggest realisations in life only come with lived experience. We share 5 life lessons that seem to have stood the test of time.

Budgeting tips you may not have heard of

Is the thought of budgeting enough to make your eyes glaze over? Here are a few ideas to turn budgeting boredom on its head.

Simon O’Connor on sustainable returns and what it means to be a responsible investor

Simon O’Connor, CEO of the Responsible Investment Association Australasia (RIAA) shares some insights from their annual benchmarking report.

Q&A: When should I retire?

Is retirement something you dream about, or dread? We look at some things to weigh up when planning your retirement timeline.

3 ways to protect the Bank of Mum and Dad

Putting legal arrangements in place with family members might seem unnecessary, but it may help protect you and your children if things go wrong.

10 tips to help bring your finances up to speed

How is your financial health? Check in on your finances with these simple and practical tips.

6 steps to reviewing a super statement

Your annual statement can provide an opportunity to scrutinise your super. Here we cover some areas to review when it comes your way.

Why a Will may not be enough

Hear from family lawyer Bhavesh Mistry about ways to get your financial affairs in order while you have time on your side.

Q&A: What's the difference between good and bad debt?

Clearing debts can be a liberating experience. We look at good vs bad debt, and some common debt repayment strategies.

3 ways to start an investing conversation with kids

Introducing kids to the idea of investing to build long-term wealth could be life changing. We share some ideas on how to get the conversation started.

Q&A: What should I do with my inheritance?

Deciding whether to boost your super, pay down your mortgage, or help your kids out is a common dilemma. We look at some of the considerations to weigh up.

Why life insurance premiums have gone up

The effects of the pandemic have led to significant increases in life insurance premiums in recent months. We look at what to consider before making any changes to your policy.

A round up of 1 July changes and what they mean

Read about some of the key changes to super, tax, and social security measures as the new financial year gets underway.

3 ways to stress test mortgage repayments

One way to prepare for uncertainty is to consider and plan for alternative outcomes. We discuss putting higher lending rates and mortgage repayments to the test.

ESG investing: weighing up what matters

With ESG investing continuing to be on the rise in Australia, we look at potential considerations when thinking about your investment portfolio.

Vanessa Stoykov: 4 ways to potentially make better money choices as a family

Letting your kids in on money decisions can provide a great opportunity to pass on some money wisdom and learn a few lessons of your own.

Protecting retirement savings from inflation

Explore the strategies that can help with protecting the value of retirement savings, now and into the future.

Infographic: 5 principles to keep in mind when markets are volatile

When markets go up and down, revisiting the ‘golden rules’ of investing can often help with staying calm and confident.

How to get through life's unexpected challenges

Just when you thought you’d reached your limit, life throws more unexpected challenges directly in your path. Read on for some tips to get you through a difficult time.

Vanessa Stoykov: How to stop money ruling your emotions

Your money and emotions are interconnected, more than you might realise. Learn some handy tips on how to navigate uncomfortable emotions and make smarter money decisions.

Accelerate your savings with the help of science

If your saving efforts are feeling sluggish, here are some simple yet effective science-backed ideas to try on for size. One might just work for you.

5 important considerations for 2021-22 EOFY

EOFY is just around the corner. Learn 5 things that may help to reduce your personal income tax and/or provide for your retirement.

Proceed with caution Bank of Mum and Dad

Stepping in to help children enter the property market might be a noble thing to do. But it can come with a few risks that are worth being aware of.

Two billionaire traits you can adopt

Vanessa Stoykov has known billionaires, millionaires, and those who aspire to be—and there are two common denominators that come up time and time again. Find out what they are.

Delayed gratification is a key to wealth (if you can wait long enough)

Becoming a master of delayed gratification means you can buy as many marshmallows as you want, forever. Delayed gratification is basically your ability to resist the allure of an instant reward.

Superannuation: conditions of release

To be eligible to access super, you must be able to meet a specified condition of release. In this article, we give an overview of the conditions of release—which isn’t limited to ‘attaining age 65’.

Talking crypto - a story of caution

Between June and November of 2021, a group of Australians collectively lost an estimated $374,000 to a crypto investment scam. We hear a lot about the highs but there are also many lows.

2022 Budget: The ‘Stronger Future For All Australians’ proposed measures

On 29 March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget. We provide an overview of key proposed policy measures that may be relevant to you and your personal finances.

Vanessa Stoykov: 5 questions that could save you thousands

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares five simple questions worth asking yourself that could very well save you thousands.

Jargon buster: Personal insurance edition

In the finance industry, there can be a considerable amount of jargon. In this article, we help clarify some of the commonly used jargon within the personal insurance space.

SMSFs: Individual trustee vs. corporate trustee

At 30 June 2021, 65% of all SMSFs had a corporate trustee structure—instead of an individual trustee structure. In this article, we discuss SMSF trustee responsibility, eligibility, and structure types.

The 2021 HILDA Survey: Retirement trends

The Household, Income and Labour Dynamics in Australia (HILDA) Survey collects information on many aspects of life. In this article, we explore retirement trends highlighted in the 2021 HILDA Survey.

Vanessa Stoykov: 3 steps to building a safety net

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa explains the benefits of safety nets—and three steps to consider when looking to build one.

Finance exercise: A letter from your future self

Our future self is the beneficiary or unfortunate inheritor of all our major decisions and daily choices.“ (Ganschow et al., 2021). In this article, we share an exercise on future self-continuity.

Carry-forward (catch-up) concessional contributions

If you work casual or part-time, take time out of work, or have ‘lumpy’ income, it can mean periods where no super contributions are made. In this article, we discuss the carry-forward provision.

Ageing in place: The liveable and adaptable home

Many older Australians desire to age in place, though housing and care needs change as people age. In this article, we cover retirees ageing in place—and the concept of a liveable and adaptable home.

Vanessa Stoykov: Reflecting on 2021 and planning for 2022

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses reflecting on a most unusual year and planning for the new year standing before us.

Investor behaviour: Research on investment switching behaviour

For some of us, there can often be an investing behaviour gap between what we should do, and what we actually do. In this article, we cover recent research findings on investment switching behaviour.

Boosting retirement savings with super contributions

Our super—and subsequent retirement income (and outcome)—can be boosted by, among other things, increasing our contributions. In this article, we cover boosting retirement savings with contributions.

Key financial habit considerations for the New Year

Our present habits can often either help or hinder us in our pursuit of achieving our future goals. In this article, we discuss habits, and list 16 key financial habits worth considering for 2022.

Vanessa Stoykov: Investing is nothing without goals

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares why it’s key to set investment goals and follow through with a plan to achieve them.

Underwriting: Revised terms (eg loadings and exclusions)

When an underwriter assesses the information contained in an individual’s insurance application, the need to take risk-reduction action may be identified. In this article, we discuss revised terms.

The cost of raising children: Child care subsidy changes

One particular cost many families can often struggle with is the cost of child care. In this article, we cover incoming changes to the Government’s Child Care Subsidy—due to commence shortly.

Update: ‘Enhancing Super Outcomes For Australians’ legislation

In the 2021-22 Budget, key proposed measures were announced in relation to super. In this article, we provide an update on several of these measures currently sitting in parliament.

Vanessa Stoykov: What your kids teach you about wealth

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares how children can alter our priorities and change our approach to long-term planning.

High-income earners: Division 293 tax

When it comes to tax on concessional contributions, some high-income earners may have to pay an additional 15% tax (Division 293 tax). In this article, we provide a brief overview of Division 293 tax.

APRA updates: Home loan serviceability and income protection insurance

APRA supervises institutions and promotes financial system stability. In this article, we discuss APRA’s new guidance and direction regarding home loan serviceability and income protection insurance.

Retirement and housing (homeownership)

Housing (homeownership) is a key factor influencing retirement outcomes—not just financially speaking. In this article, we discuss retirement and several things to consider with regard to housing.

Vanessa Stoykov: How to lower your money stress

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares ways to mentally get around the challenge of money-related stress.

Update: COVID-19 financial support measures

Unfortunately, the potential to experience financial difficulty due to COVID-19 still persists. In this article, we provide a brief overview of two key Government COVID-19 financial support measures.

The different types of aged care services

In our retirement years, a time may come when we need to consider aged care services to help with looking after ourselves. In this article, we discuss several different types of aged care services.

Contributing to super: Personal deductible contributions

For the 2018-19 financial year, 436,952 individuals claimed on average $13,395 in deductions for personal super contributions. In this article, we briefly cover personal deductible contributions.

TPD insurance: Core & supplementary provisions

There can be many benefits to holding TPD insurance. In this article, we discuss several supplementary provisions contained within some TPD insurance policies focused on enhanced coverage.

Invalid wills, passing away intestate, and intestacy rules – Part 2

One of the most important things we can do prior to our passing is ensure we have a valid will in place. In this article, we provide an update on various intestacy rules that exist in Australia.

Growing your super: Government super contributions

For some of us, it can be challenging to grow our super. In this article, we briefly discuss several Government super contribution measures, which may help those eligible to grow their super for retirement.

Vanessa Stoykov: How to improve your finances by thinking

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses limiting thoughts and beliefs, and how to change your mindset for the better.

Vanessa Stoykov: 3 ways to get your partner on board with money plans

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses several ways you and your partner can get on the same page when it comes to money.

Staying alert: The different types of scams

In the 2020 calendar year, the total reported losses from scams was over $175 million (an over $32 million increase compared to 2019). In this article, we cover several of the different types of scams.

Tax deductions for the financial year ahead

When it comes to deductions, it’s vital to understand what you can (and can’t) claim and the appropriate evidence needed to claim. In this article, we explore deductions for the financial year ahead.

Tips for reviewing annual super statements

Your retirement income (and outcome) can be intrinsically linked to your accumulation, and use, of wealth inside super. In this article, we provide tips on reviewing your annual super statement.

Vanessa Stoykov: 3 things you need to get a life plan that works

Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa discusses the concept of life planning and money—and being the author of your own story.

Update: ‘Your Future, Your Super’ legislation

Super is, without a doubt, complex and ever-changing. In this article, we share an important change to super following the recent passing of the ‘Your Future, Your Super’ legislation.

Personal finances: Taking stock & making changes

A new financial year can be an opportune time to take stock of your overall personal finances and make changes if needed. In this article, we provide a list of questions that may help you with this.

1 July 2021: New rates, thresholds, & legislation

The commencement of a new financial year can see rates and thresholds increase (or decrease) and legislation take effect. In this article, we provide important information on changes from 1 July 2021.

The rise of paid subscription services

An estimated collective total of $3.9 billion per year is spent on avoidable paid subscription services by Australian households. In this article, we explore spending and paid subscription services.

A snapshot overview of personal insurances

Personal insurances can be a key consideration when it comes to wealth accumulation and related health (and financial) risk management strategies. In this article, we summarise the main insurances.

Contribution eligibility: Age & work test conditions

Accumulating wealth in super takes, among other things, contributions. However, there are limits to this. In this article, we cover contribution eligibility conditions—maximum age and the work test.

11 key tax facts about superannuation

From a wealth accumulation and cash flow generation perspective, super is widely considered one of the most tax-effective investment structures. In this article, we cover 11 key tax facts about super.

Financial wellbeing: Financial literacy quiz

When it comes to achieving financial wellbeing, financial literacy plays a key role. In this article, we have put together a quiz to test your knowledge across various areas of your personal finances.

EOFY planning for the 2020-21 financial year

With 30 June coming up, please consider putting aside time to review your personal finances—and take action, prior to this date, if appropriate. In this article, we provide EOFY planning tips.

What the Federal Budget means to you.

In order to understand exactly how the proposed changes in the Federal Budget could affect your financial position, we’ve prepared a comprehensive summary in this Budget 2021-22 Fact Sheet.

2021 Budget: The ‘Securing Australia’s Recovery’ proposed measures

Treasurer Josh Frydenberg delivered the 2021-22 Federal Budget on 11 May 2021. We provide an overview of several key proposed policy measures that may be relevant to you.

Jargon buster: Property investing edition

In the finance industry, there can be a considerable amount of jargon. In this article, we help you to understand some of the commonly used jargon in the residential property investing environment.

Building super together: Spouse contributions

According to ASFA, the lump sum savings required at retirement for a comfortable lifestyle is $640,000 for a couple. In this article, we cover building super savings together via spouse contributions.

Update: COVID-19 economic response measures

The JobKeeper Payment program, which began on 1 March 2020, has now ended (on 28 March 2021). In this article, we provide a status update on several of the other COVID-19 economic response measures.

Update: Indexation of contributions caps

The contributions caps limit the amount that can be contributed to super. In this article, we provide details on the future indexation of the contributions caps (concessional and non-concessional).

TPD insurance: Ownership structures

When establishing an insurance policy, it’s important to choose an appropriate ownership structure. In this article, we cover total and permanent disability (TPD) insurance and ownership structures.

Age Pension entitlement: Eligibility tests

The Age Pension remains is a key source of income for many older Australians in retirement. In this article, we discuss the Age Pension and the eligibility tests that need to be met to qualify for it.

Personal insurances: Insurance premium styles

A number of variables influence the insurance premiums payable on a personal insurance policy. In this article, we cover one such variable, insurance premium style and the options available.

Individual taxation: Tax offsets (or rebates)

The income you receive will often be assessable for income tax purposes. However, there will also be instances where the tax payable may be reduced. In this article, we discuss several tax offsets.

Update: Indexation of the transfer balance cap

The transfer balance cap limits the amount of super benefits that can be transferred to retirement phase. In this article, we provide information on the future indexation of the transfer balance cap.

Borrowers: Home loan refinancing (or switching)

There are over 100 lenders in Australia offering a combined total of nearly 4,000 different home loan products. In this article, we provide a general overview of home loan refinancing (or switching).

Investment portfolios and concentration risk

Diversification is a key risk management strategy used when constructing an appropriate investment portfolio. In this article, we provide information on investment portfolios and concentration risk.

Personal finance-related New Year’s resolutions

The making of a resolution can often be sparked post-reflection by our need or want to seek positive change in an area of our life. In this article, we discuss personal finance-related resolutions.

Underwriting guidelines: Pursuits & pastimes

Many, but not all, pursuits and pastimes are often accepted at standard rates in a formal insurance application. In this article, we provide information on these and other pursuits and pastimes.

Legislative update: Taxation & social security

The Parliament recently debated many important pieces of proposed legislation. In this article, we provide a summary of the main aspects of these now legislated taxation and social security Bills.

Retirement Income Review report: Key findings

Australia’s retirement income system consists of a three-pillar approach. In this article, we highlight the key findings from the Government’s recently released Retirement Income Review final report.

Key home loan repayment considerations

A home loan will most likely be the largest, and most time/cashflow-consuming, debt that you’ll pay off in your lifetime. In this article, we provide information on home loan repayment considerations.

Super re-contribution strategy explained

Super benefits may comprise of two components: a tax-free and taxable (taxed element) component. In this article, we discuss a re-contribution strategy—one way to increase the tax-free component.

Taxation update: Personal Income Tax Plan

In the 2020-21 Federal Budget, proposed changes to individual taxation were announced. In this article, we provide an overview of these now legislated changes and what they may mean for you.

Home improvements and overcapitalisation

In 2016, roughly 8.4 million (62%) of Australia’s 13.6 million home-owners did some kind of home improvement. In this article, we provide information on home improvements and overcapitalisation.

The Pharmaceutical Benefits Scheme (PBS)

As at 30 June 2019, there were 900 different medicines in 5,455 brands listed on the Pharmaceutical Benefits Scheme (PBS). In this article, we discuss the PBS, as well as the Pharmaceutical Allowance.

The different types of powers of attorney

A power of attorney is a legal document that gives someone the authority to manage your affairs on your behalf. In this article, we provide an overview of the different types of powers of attorney.

2020 Budget: The ‘COVID-19 Recovery' proposed measures

Treasurer Josh Frydenberg delivered the 2020-21 Federal Budget on 6 October 2020. We provide you with an overview of the main proposed measures that may be relevant to you and your personal finances.

A collection of financial rules of thumb

The pressure that can come with making a financial decision can lead to no decision being made and no action being taken. In this article, we discuss financial rules of thumb (decision shortcuts).

Transition to retirement income streams (TRIS)

A transition to retirement income stream (TRIS), among other things, may help you ease into retirement—reduce your work hours, while maintaining your income level. In this article, we cover TRIS.

Deductions & work-related home office expenses

According to ATO data, for the 2017-18 financial year, 8,950,205 individuals claimed $2,424 on average in work-related expenses. In this article, we discuss work-related home office expenses.

Super engaged & well-informed: Annual statements

The receipt and review of your annual super statement can assist you to stay actively engaged with, and well-informed on, your super. In this article, we provide a review checklist to help with this.

2020 ‘mini-budget’: An economic & fiscal update

The Treasurer delivered a ‘mini-budget’ on 23 July 2020—an economic and fiscal update. In this article, we provide a summary of the update, inclusive of the main personal finance-related points.

4 June 2020: The HomeBuilder grant program

The construction industry (among others) has been adversely impacted by COVID-19. In this article, we provide information on the Government’s recently announced HomeBuilder grant program.

Life insurance: Core & supplementary provisions

There can be many benefits to holding life insurance. In this article, we discuss several supplementary provisions held within some life insurance policies that have a focus on enhanced coverage.

1 July 2020: Change in the new financial year

A new financial year can mean change—thresholds and rates can increase (or decrease), and legislation can take effect. In this article, we provide information on change occurring from 1 July 2020.

Invalid wills, passing away intestate, and intestacy rules

One of the most important things we can do prior to our passing is to ensure we have a valid will in place. In this article, we provide an overview of various intestacy rules that exist in Australia.

Financial needs and wants in a post-COVID-19 world

Life events can disrupt context cues and create opportunities to make decisions and implement new intentions and goals. In this article, we discuss financial needs and wants in a post-COVID world.

Working during retirement and the Work Bonus scheme

When looking at long-term data, the workforce participation rate of those aged 65 and over has steadily risen over the years. In this article, we discuss working during retirement and the Work Bonus.

EOFY planning tips: Give your finances a boost

With the end of financial year on the horizon, it’s important to review areas of our personal finances, and take action if required, before 30 June. In this article, we discuss EOFY planning tips.

JobKeeper Payment scheme: Legislated, with changes

In two recent articles, we provided overviews of the Government’s economic response to the COVID-19 pandemic. In this article, we provide an updated overview of the now legislated JobKeeper Payment.

The potential long-term impact of accessing super early

To access super, a condition of release must be met. In this article, we list these conditions of release, and also provide information on the potential long-term impact of accessing super early.

Appropriate measures, adverse events and positive outcomes

When an adverse event does occur, the outcome for those with an appropriate measure in place and those without can be vastly different. In this article, we list various personal finance measures.

COVID-19 economic response: Businesses

Economic and financial issues continue to emerge from the COVID-19 pandemic. In this article, we provide information on the Government’s support of businesses in this difficult time.

COVID-19 economic response: Individuals and households

Economic and financial issues continue to emerge from the COVID-19 pandemic. In this article, we provide information on the Government’s support for individuals and households in this difficult time.

31 March 2020: Income protection insurance

APRA has released several measures that affect income protection insurance. In this article, we provide an overview of these measures, especially in relation to the agreed value benefit type.

Why rebalance an investment portfolio?

The returns of asset classes can alter our chosen asset allocation within an investment portfolio. In this article, we explore the importance of periodically rebalancing an investment portfolio.

Reversionary beneficiary nominations

Upon commencing a pension, you may have the option to nominate a reversionary beneficiary. In this article, we discuss the facts on this type of superannuation income stream death benefit nomination.

Aged care and the informal care space

Older Australians are increasingly choosing to remain living in their own homes for as long as possible. In this article, we provide a summary of the aged care and informal care space.

Household consumption and the Diderot Effect

The purchase of a consumer good or service can prompt the purchase of another consumer good or service, and so on. In this article, we explore household consumption and the Diderot Effect.

Retirement and the transfer balance cap (TBC)

A limit applies to the amount of super benefits you can transfer from accumulation phase to retirement phase to support an account-based pension. In this article, we discuss the transfer balance cap.

New Year’s resolutions: Habit formation & change

A resolution is a firm decision to do or not to do something. In this article, we discuss New Year’s resolutions, and why it can be challenging to keep these resolutions (and resolutions generally).

Past, present, future: Legislative changes (Part 2)

Change is inevitable. In this article, we cover legislative changes to the Higher Education Loan Program, the Farm Household Allowance, the Paid Parental Leave Scheme, and overseas welfare recipients.

Past, present, future: Legislative changes (Part 1)

Change is inevitable. In this article, we cover legislative changes to the PBS, redundancy payments, salary sacrificing arrangements, and self-managed super funds (NALI and LRBAs).

Practising self-care: Relaxation, rejuvenation and reflection

For many of us, work forms a major part of our daily lives. In this article, we discuss burnout, work/life balance, and the importance of practising self-care over the festive season (and beyond).

Getting ahead financially: Household financial waste

Getting ahead financially can involve an analysis of your existing financial situation; seeing if adjustments are required in one or more areas. In this article, we discuss household financial waste.

Age Pension entitlements: Gifting and deprivation rules

When transferring wealth before your passing, it’s vital to consider the potential financial impact to you. In this article, we discuss Age Pension entitlements, and the gifting and deprivation rules.

Estate planning crossword: Answers

Estate planning is about planning who gets what assets, at what time and in what manner upon your passing. In this article, we provide the answers to our recent estate planning crossword.

The rise of ‘buy now, receive now, pay later’ services

There continues to be a rise in the uptake by consumers of ‘buy now, receive now, pay later’ services offered by providers (e.g. Afterpay). In this article, we unpack the review of these services.

Investing: The different types of asset classes

When investing for the future, it’s important to understand the different types of asset classes (i.e. cash, fixed interest, property and shares). In this article, we explore asset classes further.

Australia’s three-pillar retirement income system

In retirement, you may find your retirement lifestyle being funded by a variety of different sources. In this article, we provide an overview of Australia’s three-pillar retirement income system.

Estate planning crossword: Questions

Estate planning is about planning who gets what assets, at what time and in what manner upon your passing. In this crossword, we cover the different components relating to the planning of your estate.

1 April 2020: ‘Protecting Your Super Package’ 2.0

A bill, which builds upon the previously passed ‘Protecting Your Super Package’, recently passed through parliament. In this article, we explore the combined impact of these pieces of legislation.

Retirees and the Commonwealth Seniors Health Card

As you make your way through your retirement years, you may start to find that your expenditure on healthcare increases. In this article, we take a closer look at the Commonwealth Seniors Health Card.

Your total super balance and wealth accumulation

Did you know that several wealth accumulation strategies can be impacted by your total super balance (TSB)? In this article, we discuss your TSB and these wealth accumulation strategies in detail.

Interest rates: Borrowers, savers and investors (retirees)

An important relationship exists between monetary policy, cash rates and interest rates. In this article, we take a look at what this relationship means for borrowers, savers and investors (retirees).

The prevalence, incidence, risk and cost burden of ill health

‘It’ll be right’ or ‘bulletproof’ is a health mindset held by some of us. In this article, we unpack key findings into the prevalence, incidence, risk and cost burden of ill health in Australia.

The top 10 facts about account based income streams

An account based income stream, can be one of the most tax effective ways to fund your retirement lifestyle. In this article, we discuss the top 10 facts about account based income streams.

Retirement and changes to the Age Pension deeming rates

Retirement income can often come from several sources. In this article, given the low interest rate environment, we discuss retirement in general, and also changes to the Age Pension deeming rates.

Tax refunds: Low and middle income tax offset (LMITO)

With a recently legislated Bill, many of us may have seen or are expecting to see a larger tax refund or smaller debt regarding our 2018-19 tax return. In this article, we explore LMITO, and tax refunds.

Super review checklist: Your annual super statement

As a super fund member, you will be receiving your annual super statement soon. In this article, we provide you with a helpful checklist for reviewing this important document.

Consumer payments behaviour: How do you compare?

Australians tend to spend more on and around their payday (regular income payments), relative to their average level of daily spending. In this article, we explore consumer payments behaviour.

Self-managed super funds (SMSFs): Sector insights

Are you looking for a broad overview of the existing self-managed super fund (SMSF) sector? In this article, we provide you with SMSF insights to help you get up to speed.

1 July 2019: New financial year, new state of play

When it ticks over to a new financial year, often existing rates and thresholds increase, and new legislative instruments take effect. In this article, we discuss the state of play from 1 July 2019.

1 July 2019: Protecting Your Superannuation Package

Several changes are coming to superannuation, and action may be required on your part prior to 1 July 2019. In this article, we discuss the recently legislated Protecting Your Superannuation Package.

A healthy retirement: Physical activity and dietary guidelines

Retirement is a time to relax and enjoy the fruits of your labours; but, can relaxing too much be a bad thing? In this article, we explore the physical activity and dietary guidelines for retirees.

Unpacking the First Home Loan Deposit Scheme (FHLDS)

Following the federal election results, the Coalition has been re-elected. In this article, we provide a brief overview of one of their new proposed measures, the First Home Loan Deposit Scheme.

Legislative update (Acts): To be, or not to be… (Part 2)

Many Bills managed to become Acts before the dissolution of parliament. In this article, we look at several of these pertaining to social security, superannuation and taxation.

Legislative update (Bills): To be, or not to be… (Part 1)

Many Bills lapsed following the dissolution of parliament ahead of the federal election. In this article, we look at several of these pertaining to employment, social security and superannuation.

EOFY planning tips: Fine-tuning your personal finances

As we approach the end of financial year (EOFY), this can be an opportune time to do some fine-tuning in areas of your personal finances. In this article, we provide EOFY planning tips.

Australia’s ranking in the Global Retirement Index

The Global Retirement Index assesses and compares the level of retirement wellbeing and security in different countries around the world. In this article, we explore how Australia ranks.

Needs analysis: Linked personal insurance policies

A needs analysis can be an important initial step in the establishment of an appropriate personal insurance plan. In this article, we explore needs analysis and linked personal insurance policies.

Wealth accumulation and the FIRE movement

The FIRE (Financial Independence, Retire Early) movement is a rather controversial social lifestyle movement that’s gaining some traction. In this article, we provide insight into this movement.

2019 Budget: The ‘Back in Black, Pre-Election’ Proposed Measures

Treasurer Josh Frydenberg delivered the 2019-20 Federal Budget on 2 April 2019. We provide you with a summary of the main proposed measures that may be relevant to you and your personal finances.

Household finances: Personal financial statements

Proper, ongoing management accounting is crucial for running a successful, long-term business. This is the same for your personal accounting. In this article, we explore personal financial statements.

Spotlight on investment risk profiles

Whether you are a wealth accumulator or retiree, determining an appropriate investment risk profile is important. In this article, we discuss the process behind this in further detail.

Personal insurances: Insurance premium variables

Insurance premiums can vary considerably from one person to the next due to the diverse range of variables at play. In this article, we explore several of these variables via a case study.

Checklist: How to become more energy-savvy

Being more energy-savvy in your home is not only good for the environment, but also for your hip pocket over the long-term. In this article, we provide a list of ways to become more energy-savvy.

Reverse mortgages: The Pension Loans Scheme

The saying ‘asset-rich, but income-poor’ can be an accurate description of the financial situation of some retirees. In this article, we look at the Government’s Pension Loans Scheme.

The benefits of practising money mindfulness

A mindful money practice requires you to pay full attention to your money on a moment-by-moment basis. In this article, we explore the benefits of practising this approach in your daily life.

Update: Recent legislative changes

Several proposals regarding small and medium businesses, primary producers and farmers, consumers, aged care and education have recently been legislated. In this article, we unpack these for you.

Your 2019 financial health check

With 2019 here, it’s time to kick-start your personal finances for the year ahead. In this article, we provide you with a financial checklist to help you take stock of your personal circumstances.

The art of reflection and time management

How you decide to spend your time can affect your ability to achieve your goals and objectives. In this article, we explore the importance of reflection on your current time management.

An exercise on financial literacy for kids

Financial literacy is an important life skill. In this article, we provide you with a simple exercise that you may find helpful in terms of getting the ball rolling with your children.

Embracing the festive season spirit

The festive season spirit is centred on giving (not receiving), whether material or immaterial. In this article, we list ways to help you (and your children) embrace the spirit of the festive season.

For richer, for poorer: The financial impact of divorce

For some of us, there will come a time when we part ways with our spouse for one reason or another. In this article, we look at several findings regarding the financial impact of divorce.

Jargon buster: Share investing edition

The finance section of the news, share market summaries and investor reports can often involve the use of technical words. In this article, we help you to understand share investing jargon.

Compounding super: Retirement planning at age…

Taking a proactive approach to retirement planning earlier means you can benefit from the power of compounding and give yourself flexibility along the way. In this article, we explore this further.

The First Home Owner Grant (FHOG) scheme

The First Home Owner Grant (FHOG) scheme is a one-off grant payable to first home owners that satisfy all the eligibility criteria. In this article, we delve into the details for each state/territory.

Understanding the path of the financial lifecycle

The financial lifecycle provides a simplistic framework upon which to understand the path people travel during their lives. In this article, we unpack what this means for you.

The 2018 HILDA Survey: Financial literacy quiz

The Household, Income and Labour Dynamics in Australia (HILDA) Survey collects information on many aspects of life. We explore the financial literacy quiz contained within the 2018 HILDA Survey.

The 50/30/20 budgeting rule

There are many subtle rules that we live our lives by. In this article, we discuss the 50/30/20 budgeting rule, a rough guide of how much money should be allocated towards needs, wants and savings.

Bridging the gap: Women and super

When it comes to sources of income in retirement, superannuation plays a major role. However, for some women, it can be challenging to build up this retirement nest egg; we take a closer look.

Investment market cycles and investor sentiment

For some of us, there can often be a ‘behaviour gap’ between what we should do and what we actually do. In this article, we discuss investment market cycles and investor sentiment.

Tax refunds and investing in yourself

The most important investment you can make is in yourself.” (Warren Buffett). In this article, we explore this quote within the context of helpful spending suggestions for making the most of your tax refund this year; however, it also has broader application regarding how you may wish to approach life in general.

Super engagement: Your annual super statement

Super will be one of the biggest financial assets that you will ever own in your lifetime. Despite this, some of us find it difficult to actively engage with our super – often only doing so upon receipt of our annual super statement. As such, in this article, we discuss super engagement in greater detail.

Deductions and work-related self-education expenses

Each year, the ATO releases guidance on what they will be closely monitoring when tax returns are lodged. Claiming deductions for work-related self-education expenses is a regular area of focus for the ATO – this year is no exception. As such, we discuss the ins and outs of this type of work-related expense.

The personal finance roadmap and the age of distractions

In our daily lives, we are constantly confronted with consumer-based distractions of a predominantly ‘want purchase’ nature. As a result, staying on the path towards the achievement of your financial goals and objectives can sometimes prove difficult. In this article, we discuss this further.

Ageing and health status in retirement: The three chapters

When it comes to ageing and health in retirement, there are often three chapters that people will experience as they move through their retirement years. In this article, we look at this in terms of retirement planning and better informing your expectations of what retirement may entail for you. 

2018-19 financial year: Top 10 legislative updates

We are now into the 2018-19 financial year; there are several finalised (as well as pending) legislative updates that are due to take effect either from 1 July or later in the year. In this article, we briefly touch on the top 10 that may be relevant to your financial situation, goals and objectives.

The relationship between saving motives and saving habits

When it comes to saving habits, there are often three camps, regular savers, irregular savers and non-savers. Invariably, there is a relationship between saving motives and saving habits; however, external factors can sometimes be a disruptive force.

Personal insurances: The risk probability/impact matrix

Insurance, in general, can sometimes be seen as a ‘grudge purchase’ as there can be a perception of little tangible value (until claim time). In this article, we explore the risk probability/impact matrix to highlight the value of personal insurances when it comes to managing certain lifetime risks.

Retirement age? Accessing sources of income

For many of us, retirement age (and how we intend to fund our retirement lifestyle) is often guided by the rules relating to the accessibility of certain sources of income, for example, superannuation and the Age Pension. In this article, we discuss these rules in further detail.

Child care reform: The child care subsidy

From 2 July 2018, the Child Care Benefit and Child Care Rebate will be replaced with a new financial assistance payment for eligible families, the Child Care Subsidy. In this article, we explore the Child Care Subsidy in more detail regarding eligibility, payments and transitioning/claiming.

Couple’s finances: Being in tune with one another

When managing your personal finances as a couple, it’s important to recognise and address any differences you may have regarding your beliefs on money and your money personality. We discuss ways to help you in this space through the fostering of communication, mutual understanding and teamwork.

EOFY planning tips: 3, 2, 1... Lift-off!

The end of the financial year is nearly upon us. Where has the year gone? In this article, we discuss several end of financial year planning tips that you may wish to consider prior to 30 June – they may help in terms of minimising your tax liabilities and making the most of the money you earn.

2018 Budget: Unwrapping the ‘Christmas in May’ proposed measures

Treasurer Scott Morrison delivered the 2018-19 Federal Budget on 8 May 2018. We provide you with a summary of the main proposed measures that may be relevant to you and your personal finances.

Trolleyology: How supermarkets influence your buying

Have you ever compared your shopping list to the items listed on your receipt when you get home? Very rarely are they the same. Part of the reason for this is the fact that supermarkets are often specifically designed to influence your buying. We take a closer look at this – some of the tactics may surprise you.

What's Environmental, Social & Governance (ESG) investing?

An emerging preference over the last few years has been the desire by some investors to align their investment values with their personal values. In this article, we highlight some of the finer details relating to Environmental, Social and Governance (ESG) investing.

Retirement living: How much is enough? (It depends)

The Association of Superannuation Funds of Australia (ASFA) provides a regularly updated guide as to what it may cost to fund your retirement in the post-work years, depending on your age, marital status and lifestyle. We drill further down into the detail and provide some useful insights.

Personal insurances: Completing a pre-assessment

When it comes to recommending which insurer (and their offering) may be appropriate for you and managing expectations around potential outcomes of a formal insurance application, often an important step in the process can be the completion of a pre-assessment. In this article, we explain what one is.

The benefits of workplace health & wellness programs

Whether you are a business owner, manager or employee, you may find this article interesting. We discuss the benefits of businesses implementing workplace health and wellness programs. Put simply, research indicates that, healthy workers = healthy organisations = healthy business performance and productivity.

Residential investment properties: Income-generation considerations

Residential investment properties are assets purchased to achieve an investment objective, and their acquisition is based on financial benefit. Income-generation is an important part of the rate of return equation. As such, we explore some considerations regarding attraction and retention of tenants.

Financial attitudes and behaviours: The power of perspective

Perspective can be a powerful tool when used appropriately. Have you ever wondered how you compare to the average Australian in terms of financial attitudes and behaviours? We look at several of the findings from ASIC’s latest Australian Financial Attitudes and Behaviour Tracker (Wave 5).

The marshmallow experiment and personal finance

In our daily lives, we are constantly confronted with situations in which we are required, or in some instances encouraged, to make a decision about what we spend our money on. We discuss several of the results from the renowned Marshmallow Experiment and how they may apply to your personal finances.

Financially-savvy travelling in retirement

For some retirees, travel can be a high priority, especially early on in retirement. You may want to capitalise on the time and resources available to you by travelling whilst you are still fit and healthy. Here are some savings tips to help with planning that next trip away (wealth accumulators may find it helpful too!).

Protecting your loved ones: Child trauma benefit

Without an appropriate Plan B in place, an unexpected passing, sickness or injury can often have a serious financial impact on your household. Consequently, when considering personal insurances we often think about covering ourselves. In this article, we discuss the Child Trauma Benefit. 

Update: 2017 Budget ‘housing affordability’ proposed measures

The 2017 Budget introduced many proposed measures aimed at addressing the issue of housing affordability and several of these are now law. We will review the new laws and how they relate to a residential property investor, retirees wishing to downsize or a prospective first homebuyer.

New Year resolutions: Strengthening willpower

By now, you may already have a fair idea as to which New Year resolutions were a little over-ambitious, and those that you may just see through to the end. In this article, we provide you with some helpful tips to succeed this year, as well as a few personal finance-related resolutions also worth considering.

Data security 101: Protecting your personal information

In the age of digital technology and the internet, it’s important to keep your personal information secure and be alert to potential instances where someone may seek to obtain this from you for financial gain. In this article, we provide you with helpful tips regarding protecting your personal information.

Estate planning and your digital footprint

Your will is normally the main document that facilitates the distribution of your assets to your intended beneficiaries upon your passing. In this increasingly digital age, your online ‘digital footprint’ or ‘cyber assets’, may also be an important inclusion worth considering.  

Holiday period saving tips

With the holiday period almost here, it can be easy to let your holiday spending get the best of you. In this article, we provide you with several saving tips to help keep your holiday spending in check, whilst still allowing you to have the well-deserved break that you have been looking forward to.

Cryptocurrency, Bitcoin and blockchain

How we pay for goods and services has significantly changed over time. The most notable was the move away from a barter system to what we now know as the currency system. Recently there has been talk regarding cryptocurrency, Bitcoin and blockchain. In this article, we explain what they are.

Enlightening Warren Buffett quotes

Warren Buffett, known as the ‘Oracle of Omaha’, is arguably one of the most successful investors of all time. In this article, we take a look at some of his most famous quotes and apply the meaning behind them to certain areas of your personal finances, such as investing, risk management and philanthropy.

Superannuation: Revisiting the basics

Given the continual changes, it can be easy to see why some wealth accumulators and retirees have become frustrated with super; however, it’s important to remember the key benefits that continue to make it such a powerful investment structure. In this article, we discuss several of these.

What is an investment (insurance) bond?

Depending on your personal circumstances, you may find that an investment bond forms a component of your overall investment portfolio. In this article, we take a look at what an investment bond is and some important considerations before investing in one.

Recognising and dealing with financial stress

Financial stress can arise at any point in your life. The cause, and the resulting level of financial stress, can vary. It’s important to recognise and deal with financial stress when it does present itself. In this article, we explore several ways to help deal with financial stress. 

Retirement savings and longevity risk

One of the risks facing retirees is the potential of running out of money in your retirement savings by living longer than expected; this is commonly referred to as longevity risk. In this article, we discuss several considerations for retirees in regards to longevity risk.

Household expenditure: Finding surplus income

Identifying and using surplus income can be helpful at any stage of life, whether that be during your wealth accumulation or retirement years. In this article, we look at household expenditure to identify areas where surplus income potential may be found.

Running the retirement planning race

To reach the finish line of a marathon, you need preparation, flexibility and perseverance. In many ways, retirement planning is the same, let’s consider some of the parallels between the two.

Tax time and deductions: Work-related expenses

Whether you prepare your tax return yourself, or use a registered tax agent, it’s important to get your deductions right. In this article, we discuss several of the most common work-related expenses that you may be eligible to claim.

A helping hand: Child care benefit and rebate

Returning to work after having a family may mean thinking about child care. In this article, we discuss the Child Care Benefit and Child Care Rebate provided by the Government to eligible families.

Super focused: Your annual super statement

Your annual super statement has lots of important information to help you better understand your super. In this article, we cover some key things to check in your annual super statement before filing it away. 

Income Protection: Indemnity and agreed value

One important factor when considering the establishment of an Income Protection insurance policy is the benefit type. In this article, we discuss the difference between indemnity and agreed value.

Future self-continuity: Preparing for the future

When considering your personal finances, is there a battle between your present and future self? In this article, we look at the importance of aligning your present self with your future self.

1 July 2017 – New financial year, new rules

The new financial year has ushered in many legislative changes when it comes to personal finances. These are most noticeable in superannuation, but also impact other areas. Read more about these changes and how they may affect you.

Income Protection: Supplementary provisions

There are many benefits to holding Income Protection insurance. In this article, we discuss several supplementary provisions held within some Income Protection insurance policies that have a focus on enhanced coverage.

Diversification fundamentals in portfolio construction

You’ve probably heard the saying, “Don’t put all of your eggs in the one basket”, but what does it mean? In this article, we explore the importance of diversification when it comes to portfolio construction.

EOFY planning: Tax and superannuation strategies

The end of financial year is close. In this article, we look at end of financial year planning strategies that may be worth considering, when it comes to tax and superannuation.

Aged care services: Home care packages

If you or a loved one requires higher-level aged care services, but would still like to reside at home then a Home Care Package may be an option to consider. In this article, we take a closer look at how this service works.

Considerations for becoming a loan guarantor

The domestic housing market has received considerable attention over the last 12 months due to concerns around housing affordability, especially for new entrants. In this article, we discuss things to consider before becoming a guarantor on a loan for a family member.

Financial mindsets of the super wealthy

Whilst on the path to financial freedom, occasionally it can be helpful to gain perspective along the way, by considering and then reflecting on the financial attitudes and behaviours of others. In this article, we look at several of the interesting findings from the 2017 Wealth Report.

2017 Budget: Fairness, opportunity and security

The 2017-18 Federal Budget delivered on the 9 May 2017 was packed with several already anticipated moves, whilst also delivering a few surprises. In this article, we provide a summary of the main announcements that may affect you.

Small business CGT concessions

If you are considering selling a small business or the assets it uses, you may be eligible for a range of CGT concessions to help reduce the capital gains tax associated with the sale. We discuss the several concessions that may be available to you.

Aged care services: Commonwealth home support programme

For the majority of people, being able to live independently in your home as you age is what you want, but the reality is that sometimes you may need some help. In this article, we focus on the Commonwealth Home Support Programme.

Exploring goals-based investing

The foundation of goals-based investing lies in ensuring that there is alignment between your financial goals and objectives, tolerance for risk and the way your investment portfolio is ultimately invested. We explore this in a little more detail.

Electricity bills: Time to get wired

It is probably safe to say that at some point in your life you have opened your electricity bill and have been a little surprised with the total amount due – and, not in a good way. We charter our way through the ‘household-electricity-sphere’ to help you become a little more energy-savvy in the future.

Capturing the super cap limit deadline

The annual concessional and non-concessional contribution cap limits (and the maximum bring-forward rule) will decrease from 1 July 2017. We explore the opportunities to maximise your super contributions now and into the future.

The pitfalls of DIY Will kits

According to recent research, approximately 45% of Australians pass away without a will, or intestate. We explore why DIY will’s may not be the solution to your estate planning needs.

Interest rate predictions in 2017

A belief held by many economists is that there is at least one more interest rate cut expected from the Reserve Bank of Australia this year should employment, wages growth, and household spending continue to remain sluggish. We examine interest rate predictions and what they may mean for you.

Medicare & private health insurance

The ongoing debate about private health insurance appears to be a constant one among Australians, especially when premium increases each year come to the forefront. We look at several reasons to consider retaining or taking out private health insurance. 

Trauma: Exploring beyond the big four

When considering the potential for a future claim on our Trauma insurance, we often think about the big four traumatic medical events e.g. heart attack, stroke, cancer and coronary artery bypass. It is important to remember that contemporary trauma insurance policies now also provide greater protection with the provision of a much larger range of specified medical events.

SMART Budgeting

For many of us that make resolutions, during or at the end of the year, we often unfortunately set ourselves up to fail. This may be due to a combination of factors such as unrealistic expectations, ill-defined goals and objectives, poor time management skills, the wrong mindset or simply just getting distracted with life. Find out about the SMART principle and its application to budgeting.

Update: Superannuation reform package

The dust has now settled, and several new tax and superannuation bills have been formally passed through the House of Representatives and Senate corresponding to the Government’s ‘Superannuation Reform Package’ announced back in the 2016 Federal Budget. The majority of the Government’s proposed changes have made it through parliament.

A 'Living' Will: Advanced care directives

We generally expect that our wishes for medical treatment will be respected, but what happens when we are not able to make decisions, due to an accident, sudden illness, or a progressive disease.  Having an advanced care directive is a way to ensure that our preferences for medical treatment are considered at a time when we may be unable to express them. 

TPD claim definitions explored

For many of us Total and Permanent Disablement cover forms a component of our overall personal insurance plan; in the event of a disabling sickness or injury it has been designed to help to take the financial stress off the table at a time when our world has been turned upside-down. In this article, we explore the types of claim definitions available and their respective differences.

The three-bucket approach to retirement investing

When devising a retirement plan, there are several different strategies that a financial adviser can employ to make sure that you have enough to meet your retirement lifestyle needs. This may or may not include relying in part or in whole on other sources of income such as the Age Pension at some stage. We’ll focus on one such strategy – the ‘bucket’ approach.

Taking care of your castle

Wealth accumulation can be as simple as putting aside money each week into a high-interest savings account, paying down your debts, or building a diversified investment portfolio inside or outside of superannuation. Does the family home also come into mind when considering your personal wealth?

The sharing economy and pre-retirees

According to recent data, there has been an increase in the number of pre-retirees – 55-64 year olds, participating in the sharing economy (such as Uber, Airbnb and Gumtree) in an attempt to boost their wealth and income.

Helpful tips in detecting pyramid schemes

Have you ever sat around the dinner table with a friend or family member or attended an ‘investment’ conference or seminar and repeatedly heard someone say, “Now, this is not a pyramid scheme”? Pyramid schemes are illegal schemes under Australian Consumer Law.

BMG Video Launch

We are very excited to share with you our new BMG video.

Sports betting & gambling can really hurt you

There’s been recent cover in the news on how we are becoming increasingly exposed to gambling, due in part to the many options now available to us online. Being more informed can help you gain a better understanding of how gambling can impact you and your family.

Multiple super accounts and you

Regardless of your age, one of the ways to help you grow your wealth and prepare for retirement is to take an active interest in your super sooner rather than later. A good place to start is with some simple housekeeping. If you have multiple super accounts weigh up the pros and cons and consider the impact this may have on your end ‘retirement nest egg’. 

A family who talks about money

In our busy lives, talking about money matters with our family may prove to be a daunting and sometimes emotional subject, especially around the dinner table. However, avoiding these often difficult conversations may have several drawbacks in the future.

Changes to the Age Pension

Will you be effected by the changes to the Age Pension?

REITS - What are they and how do they work?

When most people think about investing in property they tend to think about residential homes or commercial properties such as shops, offices or industrial buildings. But there is another way to invest in property through listed property securities often referred to as Real Estate Investment Trusts or REITS. What are REITS and how do they work?

Why are interest rates so low?

The official cash rate in Australia now sits at a record low 1.5 per cent. The Reserve Bank of Australia cut the official cash rate in August for the second time in 2016. So why do interest rates move up and down all the time? 

7 things to consider before you renovate

Are you planning a renovation? Renovating a property is more than just a pure financial decision. It can have significant implications not only for your cash flow, but also for your lifestyle. So before you get going, take stock and make sure you’ve considered everything.

Making sense of your super statement

It’s that time of year again, it won’t be long now before your annual superannuation statements will arrive (if they haven’t already). Superannuation can be full of confusing terms. Deciphering the jargon can be a challenge. We explore some common terms to help you.

Your guide to becoming a Philanthropist

There is a common misconception that in order to give you need to be wealthy, and that the only thing you can give is money. But the truth is that there are many different financial and non-financial ways that you can give to others. See how you can bring philanthropy into your life and make a real difference.

Will you be affected by changes to the Age Pension?

The proposed changes to the Centrelink Age Pension announced in last years’ federal budget are now law, and will take effect from 1 January 2017. Two significant changes will be imposed, these may be good and bad news for Age Pensioners. It’s important to review these changes and understand how they may impact your or your family member’s entitlement.

5 resolutions for a new financial year

A new financial year, just like a new calendar year is a great time to set new goals and make resolutions. For many people, setting resolutions is the easy part, but sticking to them can be quite difficult - some tricks on setting resolutions you can actually achieve.

The hunt for yield - investing in a low return environment

In the current environment many investors are seeking additional sources of return for their portfolios, but with slower economic growth and low interest rates this can be difficult to find and can often lead to investing in higher risk strategies.

How to get financially sorted after a breakup

Breaking up is hard to do! Particularly when it comes to getting back in control of your finances. We outline some important steps that you’ll need to take following divorce or separation.

Your guide to utilising super contributions

This year's Federal Budget included an array of changes to superannuation, for many people, this has created a window of opportunity to utilise super contributions prior to 1 July 2017. Here's what you need to know.

Hopping on the investment bandwagon

If the majority of a group is doing a certain thing, it becomes increasingly difficult not to follow the group. This pressure can affect many different aspects of behaviour, even decisions we make with our money. Understanding these biases can assist you in making better decisions.

Your consumer rights - do you understand what they are?

Australians buy goods and services almost every day, but how many of us really understand what we’re covered for when it comes to making a purchase? It might surprise you, save you money and unnecessary headaches.

Give your insurance a 5 point check

Insurance is one of those things many of us set-and-forget, but a quick review of your insurance policies at least once a year is a worthwhile exercise that can help save costs and ensure peace of mind. So where do you start?

10 ways to protect yourself against identity theft

Identity theft cost Australians in excess of $1.6 billion last year. In this article, we explore ways to protect your personal information and reduce the risks of falling victim to this serious crime.

2016 Federal Budget Overview - How it affects your family and your wallet.

The 2016 Federal Budget may impact you more than you think, mainly because your tax dollars go towards making it happen, but also because changes were announced that affect nearly every Australian.

6 Ways to Support Ageing Parents

There are many different ways to assist ageing parents in better managing their financial affairs and even small things can make a difference. We provide you with some useful tips to help you through this process.

Surviving a critical illness or trauma

With early diagnosis and advancements in medical treatment, the chance of surviving serious illnesses such as heart attack, stroke or cancer is much higher than in years gone by. However the process of recovery can be emotionally and financially draining. So how do we protect ourselves?

Get a head start - 5 things you can do now to plan for financial year end

Tax time can be a breeze for some and a nightmare for others. As we are just a few months away from the end of financial year, now is the perfect time to organise your financial affairs with our end of financial year planning tips!

Understanding Investment Styles

Different portfolio managers have different styles when it comes to how they invest. This article takes a closer look at active and indexed investing styles and the philosophies that guide them. Do you know the difference?

Taking a break? Don't forget your super.

People often take a break from work to manage changes in their lives. When this happens, they’re also taking a break from receiving super contributions, which may affect their retirement savings. But there are things you can do to help manage this gap.

Changes to the Personal Asset Rules for SMSFs

New changes to the Personal Asset rules for SMSFs will affect which assets count as investments and how they are to be treated if held by the SMSF. Review the changes to ensure you are across this before 1 July.

Back to School: Teaching Gen Y About Money

If you have a Gen Y in your family, you may have noticed that their attitude to money is different to yours. Here are some things you can do to help your Gen Y stay on track financially. 

Love Me, Love Me Not: Financial Considerations for Moving in Together

Moving in with a partner can be an exciting time, but don’t just jump in. Take the time to think upfront about the financial practicalities and what it could mean if things don’t go according to plan. This might apply to you or a loved one.

Making Your Estate Plan Count

Do you have a robust estate plan and is it up to date?  There are important things to consider as you go through the process of developing or reviewing your estate plan. These can make a big difference to your dependants and loved ones.

Mind Games: What's Your Bias?

You may have heard about investor bias, but do you know how it affects you? Have a look at these common investor biases and see how they may influence your financial decisions. Even having awareness of them can help. 

Energy Efficiency: Saving over Summer

Making your home more energy efficient is a good way to save on bills and reduce environmental impact. Read more about what you can do here. 

New Year, New Direction

The New Year is here! Perhaps you are considering some changes this year – a new job, business venture, study or even a sea change?  See our four steps to help you make it happen. 

Personal Insurance – what does it all mean?

Personal insurance plans include a range of different kinds of cover to protect you and your family’s lifestyle in case of an unexpected change to your health. Make sure you know what the terms mean for you. 

Top 10 Financial To-Dos

It’s nearly time to sign off from work and start the holidays. Give yourself a stress-free vacation knowing that your finances are taken care of by ticking off these financial ‘to-dos’. 

Holiday Finances – Six Ways to Help You Save

The holidays are nearly here! Maybe you’re planning a getaway? Make sure you get the most out of your budget too - here are some ideas to help you out at this time of year.

Don’t take a gamble: put a plan in place.

With so many decisions to make in life, we often forget to plan. But certain events are too important to gamble with - have you planned for the things that matter? 

Retirement living - more than meets the eye.

These days there are many different ways people can change their living situation as they get older.  Are you thinking about your next move? Explore the different options that might be suitable to you.

How does your credit rate?

Do you know what your credit score is? Have you seen your credit report? Get informed about your credit history and find out how it affects your access to financial services. A lot more affects your credit score than you might think.

Thinking of investing in property?

Spring property season is here and many investors are on the hunt. Perhaps you are considering whether investing in property is the appropriate choice for you? Here are some things you might like to consider first. 

5 Things to Remember during Volatile Markets

The investment markets are volatile once again. So what should investors do? It can be difficult to sit tight during turbulent times, but it’s important to maintain a balanced perspective. Perhaps these reminders can help. 

The Money Needed for a Comfortable Retirement

We are living longer than we ever had before and the expectation is our life expectancy will keep increasing. So what income will we need in retirement, it ultimately depends on our desired lifestyle. Here are the numbers…

5 Important Things to Understand on your Super Statement

You might have already received your superannuation statement, if not it will arrive shortly. It is a great time to review the important aspects of your statement and what they mean to you. Here are 5 things we believe it is important to understand.

Smart Things To Do With Your Tax Refund

Have you spent your tax refund yet or are you planning to? There can be a number of worthwhile options when it comes to spending or investing your tax refund. You might utilise a couple of different ideas. We explore a few.

We Are What We Repeatedly Do

We all have a bad habit or two, whether financial or otherwise. This article shares the top tips for how to create a new habit or change an existing one. You might find it is simpler than you thought.

Parents Returning to Work

There are many things to consider when returning to work after caring for young ones. There are both financial and non-financial considerations. This article explores the important things that need to be considered.

Credit balance transfers - should you stay or should you go?

Credit Card balance transfers can be a little tricky, however they can be beneficial. It is wise to compare apples with apples and be clear on honeymoon interest rates, fees and repayment terms. Find out what the benefits are and what to watch out for.

The Cost of Insurances – Stepped Vs. Level Premiums

In this article we explain that when taking out personal insurances you have the choice of how the premium cost is structured and how much you will pay for your insurance cover over the life time of your policy.

What You Need to Know About Salary Sacrifice

You may have heard of the term salary sacrifice before but are not sure what it means or how it works? In this article we take a look at salary sacrifice in more detail as it relates to superannuation.

Are you prepared for a financial rainy day?

When the unexpected happens and unplanned financial expenses occur do you have the funds at call ready to cover them or are you someone who uses credit to bail yourself out?

The Risks Facing Retirees

When it comes to retiring, there are a number of risks that retirees face that are specific to the retirement life stage. This article explores the most common risks retirees face and how to prepare for and manage them.

Trauma Insurance & The Big 4

Trauma Insurance was first introduced in 1983. What’s the purpose and why is it needed?

Four Ways to Boost Your Spouse’s Super

Is your superannuation balance bigger than your spouse’s? In this article we explore 4 common ways you can boost your spouse’s super balance.

‘Bob The Builder’ Budget – What’s in it for you?

The 2015 Federal Budget was relatively tame, with a big focus on creating jobs and stimulating economic growth. Our article looks at what’s in it for you. From the changes for the young and unemployed, for families, business owners, to the over 50's and the already retired.

Retirement is not for me!

While most of us can’t wait to finish work and retire an increasing number of Australians are also opting to maintain an active lifestyle and career into their 70’s and beyond. Why are people choosing to delay retirement?

Investment, Super or Mortgage - which may be appropriate?

Knowing just what to do with surplus cash can be difficult. How do you figure out whether it’s better to invest in your own name, pay down your mortgage or put more in your super fund?

Tax time basics – time to get sorted pre 30 June!

The end of another financial year is fast approaching and now is a great time to think about the ways you can build and protect your wealth. Here are some great ideas in the lead up to 30 June.

The secrets to a healthy work / life balance

Due to technology and social media, the boundaries are blurring between work and home and it?s becoming hard to separate work and non-work. What are the secrets to a healthy work / life balance?

What are you leaving behind – An inheritance or a legacy?

Are you leaving an inheritance or a legacy? What’s the difference? We explain in this article.

5 Reasons Why You Need to Review Your Personal Insurances

It certainly isn’t recommended to make changes for change sake, but your Life insurance should not be established with a “set and forget” mentality. We take a look at 5 reasons why you may need to review your personal insurances.

Who sets the price? Tips for working out the value of your home when selling.

How do you work out the value of your home when you want to put it on the market? Do you leave it up to the real estate agent to tell you what they think it’s worth, or should you set the price? 

10 Tips for Teaching Children about Money

From a young age children are exposed to the concept of money and what they are taught about earning, spending and saving money can influence their adult relationships with money and whether they?ll have a successful financial future.

Receiving a Redundancy?

The restructure of a business may lead to a reduction in staff numbers with certain positions being made redundant. Most people whose position is made redundant find it a very difficult time to deal with.

The real cost of raising kids

Parents want lots of things for their children. They have dreams for them from the moment they are born. We explore the financial cost of a happy life, a good education and plenty of opportunities for your kids.

Five things every early retiree needs to know!

If an early retirement is something you aspire to, here are five things you need to know.

How to Go Broke, Fast!

If you’re looking to go broke then here are a few tried and tested money mistakes that people make and which can put you on the road to financial distress, fast! If you don’t want to go broke, avoid these.

Take Control of Your Super

For most Australians, superannuation represents their largest single investment after buying their own home. The more you know about your super and the more control you have over it, the greater your chance of reaching your retirement income goals.

Don’t get caught out by Cyber Criminals

According to the 2013 Norton Cyber-crime report, around 5.4 million people in Australia were targeted by online criminals in the last 12 months at an estimated cost of $1.65 billion. Worldwide, around 556 million people were affected by cyber-crime at a cost of around $113 billion!

A simple guide to Superannuation anti-detriment payments

You may be aware that in the event that you are to pass away, your superannuation benefits will not automatically form part of your estate assets. Instead, superannuation death benefits are normally distributed via a beneficiary nomination.

Divorce and the Split of Assets

When a marriage, or a de-facto relationship breaks down, the task of separating finances can be very difficult and stressful. This article looks into the financial implications of divorce with regards to asset splitting.

Tips for reducing your home loan using an offset account.

What if you could reduce the interest on your home loan without making extra repayments on the loan? An offset account may enable you to do just that.

The Art of Giving

The Christmas season - a time for giving, is fast approaching. Donating to charity is a wonderful way to support the wider community and those in need. This article takes a look at the ins and outs of donating to charity.

Are you due a $500 Super Refund?

If you’re earning less than $37,000pa and you or your employer make concessional (before-tax) contributions to your superannuation fund then you may be eligible for a refund of up to $500pa. Our article explains how.

How to nail a renovation - tips for planning and budgeting for a renovation

The benefits of a well-planned and executed home renovation are both financial and personal. Whilst renovating can be very exciting, it can also be quite stressful if not managed or budgeted properly. Here are our top tips to for planning a renovation:

The Most Common Mistakes Retirees Make

Given the complexities of retiring, even with a plan, you can sometimes make mistakes.

But the good news is that we can learn from some of the more common mistakes that retirees make, in the hope that we may be able to avoid making them ourselves.

Understanding the Superannuation Bring Forward Rule

There are a few rules and limits with Non-Concessional Super Contributions. We explore the age-based contribution limits and the Bring Forward Rule and how they might apply to your situation.

Ownership - Joint Tenants Vs Tenants in Common

There are fundamental differences between Joint Tenants VS Tenants in Common, we review the importance of getting it right when purchasing assets with other people.

Is Cash No Longer King?

This month we highlight the concept of 'real rate of return' and its importance when investing, particularly in low interest rate and high inflation environments.

It’s Never Too Early or Too Late To Save For Retirement

It’s never too early or too late to start planning for your retirement. We investigate what an average retirement income looks like and how much you might need to save in order to live a comfortable retirement.

Investing in Commercial Property

Investing in commercial property can be via direct investment or through a more diversified approach such as property syndicates or Australian Real Estate Investment Trusts (A-REITs). This article discusses the benefits and risks of commercial property investing.

What is that cup of coffee really costing you?

For many people picking up a coffee on the way to work is as routine as brushing their teeth. But do you know what your coffee habit is really costing you?

The Role Of An Executor

Do you know if you are an Executor of somebody’s will? Before appointing an Executor in your Will, or agreeing to be an Executor of someone else’s estate, it is important that you understand the implications of this decision and the roles and responsibilities that come with the title of Executor.

Franking Credits – An IOU From The Tax Office

In this article we explore the concept of imputation credits, also known as franking credits and how they can benefit Australian investors.

What Does Money Mean To You?

Money is often referred to as wealth and people measure wealth in different ways. Some think of wealth as being their total assets, whilst others use their annual salary and some their hourly wage. But what exactly is money and what does it represent to you?

Jargon Buster – Federal Budget Edition

You don’t need to be an economic whiz to understand the Federal Budget, just take a quick look at our “Jargon Buster – Federal Budget Edition” for explanation of key terminology used by politicians, economists and the media when talking about the budget.

Australian Federal Budget 2014

The Treasurer Joe Hockey announced the toughest Federal Budget since 1996 with the tightening of the nation’s belt and a focus on cost cutting to lower the nation’s $49.9 billion deficit. The budget measures announced propose a reduction in the deficit next year to $29.8 billion and a gradual decrease over the next 3 years following to an estimated $2.8 billion in 2017/18.

Stop Horsing around - Tax Time Tips

As it has been said, there are two certainties in life – Death and Taxes. Death can be a little out of our control, however taxes can be something that we can proactively make a difference with. Kerry Packer was clear on tax minimisation...

The Australian Federal Budget Explained

The Australia Federal Budget is a hot topic at the moment and this article is a timely discussion explaining why the Australian Government has a federal budget, what it is designed to do and how it is implemented.

Know your limits - changes to super contribution caps

From 1 July 2014, the non-concessional (after-tax) and concessional contributions limits will increase as a result of indexation in line with average wages (AWOTE). Find out more here.

Super for the Self Employed

Self Employed with no super. For 25% of self-employed Australian’s this is the reality they are currently facing. Just because super isn’t compulsory for the self-employed doesn’t mean it shouldn’t be a priority. Our article explains why.

Another reason to pay your bills on time!

Recent changes to the Privacy Act have changed what information is recorded in our credit reports. Failure to pay our bills on time could now have significant consequences on our ability to secure finance in the future.

Children and Pocket Money

The decision on whether to give children pocket money, at what age, and how much will largely depend on your family values and financial position. What benefit does a little pocket money have in teaching children how to manage money?

The importance of a Comprehensive Estate Plan

We may not like to think about it – but when it comes to our death, it pays to plan ahead. Here are some steps you can take to reduce the financial stress that result from poor estate planning.

Australia's Underinsurance Dilemma

Did you know 83% of Australians say they have insurance for their car yet only 31% insure their income? In this article we explore the relative misunderstanding of the importance of personal insurance and the risk underinsurance creates for Australians.

Understanding Movements in the Australian Dollar

This article explains in brief some of the key concepts relating to currency, currency risk and what changes to currency means for investors in international funds.

The Rule of 72

Did you know that there’s a simple way to work out how long it will take you to double your money? You might not even need a calculator!

Does a New Year Resolution set you up to fail?

Did you know that 88% of New Year’s resolutions don’t stick? Understanding why we so often fail at sticking to our New Year’s resolutions helps us construct a plan that will actually increase our chances of sticking with these resolutions.

Making a Transition to Retirement

These days many people are choosing to make a more gradual transition from full-time work to retirement. This article explores the various ways a Transition to Retirement Strategy could benefit you if you are nearing retirement.

The Basics of Self-Managed Super Funds

It seems almost every second day the financial media is discussing Self Managed Superannuation Funds (SMSFs). Over the past decade SMSFs have become very popular, although they are not necessarily well understood. So, what is a Self-Managed Superannuation Fund, and what makes them different from a “standard” superannuation account?

When Age 65 is Too Young to Retire

Turning age 65 may signal retirement for many, but age is just one of many triggers that may indicate that you are ready to retire. In this article we look at three main considerations for timely retirement.

Tips for Reducing Food Waste and Saving Money

According to a recent survey and campaign by Foodwise, it is estimated that Australian Households throw out approximately $7.8billion worth of edible food each year.

Concessions - Helping out Senior Australians

There is a range of concessions available to Senior Australians. The type of concessions that apply will largely depend on your age, location and whether you're eligible for a pension from Centrelink, Department of Veterans Affairs (DVA) or are considered to be a self-funded retiree.

Accessing Super

Understanding just when you are entitled to access your superannuation benefits can be confusing. Superannuation is designed to help you fund your retirement; therefore there are specific rules...

Debt Management Basics

In this article we look at ways of managing debt.

Interest Rates

In this article we look at the role of the RBA and the different types of interest applied to loans as they reach each of us as consumers.

Tax Time Checklist

With the end of the financial year having just passed, it means it's now time to get ready to lodge your 2012/13 tax return! This article provides our top tips to help you prepare and get the most from your 2012/13 tax return.

Aged Care Reform

When we were children, our parents spent a good deal of time taking care of us – and reminded some of us that one day, we would return the favour.

EOFY Planning

If you feel like you’ve run out of time to get your affairs in order, the good news is there’s a few considerations which can help minimise your tax, and make the most of the money you earn.

The 2013 Federal Budget

This year’s Federal Budget has been quoted as the Treasuer’s Swan Song. This article will briefly review the main points within the Budget.

From Proposal to Law

This article takes a brief look into what is actually involved in the Federal Parliamentary Process and the steps that need to be taken to make a proposal into law.

Proposed Super Changes

If you've been following the news over the past month, then you may have noticed the increased discussion taking place about proposed changes to the superannuation system announced by the Labor Government in April 2013.

What to do with your surplus income?

If your budget points to there being surplus income left over each pay, it helps to have a plan for these savings.

Where are Your Investments inside Super?

If you currently or previously have had a share portfolio or an investment property outside of super, you would usually be interested in how the investment is going. So where is your Super invested?

Children's Trauma Insurance

Children’s Trauma insurance provides a lump sum payment for a parent whose child suffers a major health trauma.

Who is the Beneficiary of your Super Fund?

Importantly, superannuation differs from most other investments as it is not distributed via your Will when you die. Instead, you nominate your desired beneficiary for your superannuation through your fund.

How to keep your holiday spending in check

Christmas is a time of giving and it’s very easy to overspend. Here are our tips to help reduce the new year debt headache or Christmas hangover!

Picking a Credit Card

In an age where the average person carries multiple credit cards, it still pays to pick the right ones.

Changes to First Home Owners Grant

As of the 30th September 2012 the first home owner grant for established properties will end. This will be replaced by the New Homes Scheme from 1 October 2012.

Financial assistance for parents

Becoming a parent leads to a range of new financial commitments and challenges. Spending patterns will change, as will your financial objectives.

Age Pension

The Age Pension is a Government financial benefit paid to Australian residents upon reaching a certain age, ranging from 60 years and up.

Don't get scammed when throwing away old computers

These days an unprecedented amount of personal information is stored on computers. Canny scammers readily look for ways to grab this information for their personal advantage.

Repayments on your Credit Card - Changes to the way they are treated

As of 1 July 2012, the new credit card reforms can potentially help you make reasonable savings and enable you to clear your debt faster.

Savings Tips

If things are a bit tight you may be able to spend less without making too many radical changes to your standard of living. Making small changes can make a significant difference over the longer term.

Tax Planning

With the end of the financial year approaching, it’s worth revisiting whether there is anything else you can do to proactively minimise your tax liabilities.

The 2012 Robin Hood Federal Budget

If you missed the Budget, we have a summary for you, it has been described as taking from the rich and giving to the poor.

Pro's and Con's of Reverse Mortgages

One way to fund lifestyle costs in retirement is to use the equity in your own home. Reverse Mortgages enable the homeowner to release equity from their home while still residing in the property. Like most things, there are pro’s and con’s to using a Reverse Mortgage.

Income Protection

The biggest asset for most people under the age of say 55 is their ability to earn an income. It’s easy to take this income-earning ability for granted especially when we are feeling reasonably fit and well.

So how does a Line of Credit loan work?

A Line of Credit Loan (LOC) allows you to have both a loan account and a bank account. Sometimes this bank account is called an Offset account.

Investing in volatile markets

Higher volatility in financial markets is being touted as the 'new norm'. During choppy times in financial markets, investors are prone to making investment decisions based on fear.

When may be an appropriate time to invest?

One way to ride out the financial market volatility is Dollar Cost Averaging. This is a simple investment strategy that takes the guesswork out of the 'right' time to invest.

A different way to give at Christmas

Have you ever thought of this approach to Christmas gift giving?

Pro's and Con's of Interest Free Loans

Consumer finance is a great tool for retailers to make expensive items affordable to customers and an ideal way for customers to purchase goods that may have otherwise been out of reach due to low savings.

Compounding beyond interest

For some, it may seem trivial to review the nature of compounding, but it’s such a powerful tool for any investor that it warrants a review in this article.

Six practical steps to financial discipline

Here’s six things you can do to sharpen up your financial discipline. With 78% of Australians saying they are financially disorganised it makes sense to create a quick and practical way to inspire financial discipline.

Can having a baby be one of the best investments you make?

An Accountant named Graeme decided not to have children, because according to his calculations, it was $250,000 per child to raise. The question is, what do you get for your $250,000?

Is Lotto the way to become wealthy?

Have you bought a ticket in the Lotto? Have you ever looked at the odds? What are the winning odds of buying a Lotto ticket every week for 47 years. You might be surprised.

Where there is a Will, there is a way (to control)

Having no Will, or a poorly drafted Will, can have devastating financial and emotional consequences. It is therefore wise to understand what would happen to your assets if you were to die.

Why bother planning money?

If you do have future financial goals, such as, retirement, buying a house, paying off your mortgage or buying a car or boat, then planning can certainly help achieve such goals in a timely and effective way.

Hi Mum and Dad - Can I have some money?

Although some parents are dead against it, many like the idea of giving their kids a bit of assistance to get started into adulthood. Regardless of what you look at, the earlier you start, the easier it will be.

Share trading and calibration of confidence

There was a sad story recently of a middle aged man who gave up his job and decided he would work from home trading shares. He had been to a share trading course and bought the software...

Interest free loans and calibration of confidence

Poor calibration of confidence indicates that we are not really aware of what we know and don't know, leading to either overconfidence or underconfidence. Such a position can lead to costly financial mistakes.

Avoiding the financial skids

What does it mean to calibrate your confidence? Consider the accident ratios for young drivers. Drivers under 21 are more likely to be in a car accident than those over 21. Is the reason for this inexperience and therefore a lack of driving competence?

The Dolphin Chart

What do the two bars represent on the money personality chart for Dolphin?

The Owl Chart

What do the two bars represent on the money personality chart for Owl?

The Labrador Chart

What do the two bars represent on the money personality chart for Labrador?

The Monkey Chart

What do the two bars represent on the money personality chart for Monkey?

About Money Personality

Money Personality is an innovative tool which can be used to further understand your preferences for dealing with money. This article provides some interesting background on this concept.

An insane payrise

Before you ask for your next payrise, or receive your next payrise, ask yourself “is this going to be just another insane payrise?” So what makes for an “insane payrise”?

Will Henry, or the Budget, Change Your Financial Future? Probably not

The Henry Report into the tax system is out, as well as the Government delivered their Budget for 2010. Taking a step back from the detail, one thing is guaranteed – our financial system will keep changing.

What should you do if Interest Rates Rise?

The RBA Governor has recently warned us to expect that interest rates will continue to climb. So what should you do in an environment where interest rates are still on the rise?

An aggressive double gearing strategy

Debt and leverage was one of the main causes of the GFC. How did people lose their homes?

New Year Financial Resolutions

As there are so many areas of finance, it can be overwhelming to review every area of your finances. Here is a short list of suggestions that might help you choose some areas that you would like to review or make a change in.

Your Money Personality influences the car you buy

Your money personality indicates what you are likely to look at, and how you are likely to make a financial decision. It applies to both the significant and trivial, like buying a house, a car and an ice cream.

Sustainability Risk and Your Money Personality

What is the best way to achieve financial success? Money and finance have been around long enough now that surely someone has come up with the best way to achieve financial success.

What’s Your Money Personality?

70% of people experience conflict around money; perhaps the other 30% just don’t talk about it. Swiss psychologist Carl Jung believes that conflict is seldom based on what we are trying to achieve, but an outcome of disagreements on what is the best way to achieve what we want?

View Terms and conditions