Budget Edition

Every year news outlets flood us with information about changes in the budget, all manor of issues are covered and their consequences for individuals and businesses are highlighted to all. As can be the case with news media, some of the information is sensationalised and some of it complex so the truth, the actual impact on you, can be difficult to decipher.

SO the big questions are, do the changes in the 2017 budget affect you? Continue reading Budget Edition

Lending to SMSF’s

Changes to superannuation laws in 2007 provided SMSF’s the opportunity to borrow for the purpose of acquiring a single asset (such as a commercial or residential property) through their SMSF.

If the SMSF has a deposit that meets the lenders requirements the lender will provide the balance of the purchase price.

Legislation requires that the loan must be a Limited Recourse borrowing Arrangement (LRBA). Continue reading Lending to SMSF’s

Growing Your Super Nest Egg

To retire comfortably, your employer’s 9.5% contributions to your super may not be enough. By making extra contributions, you will boost the amount of super you have when you stop working. The key though is to start now so you can relax later.

Why grow your super?

There are lots of good reasons why you should grow your super as much as possible: Continue reading Growing Your Super Nest Egg

Pension Changes

More than 300,000 part-pensioners will either suffer a cut in their payments or lose access under new asset test rules coming into effect on 1January 2017.

Under the deal struck between the Coalition and the Greens, more than 90 per cent of pensioners will be better off or have no change to their payment. Continue reading Pension Changes

To Fix or Not to Fix?

If you put all of the Australian banking economists into a room and asked them to come to a consensus on interest rates the likelihood is you would not get one.

How then are us regular punters supposed to get it right when the time comes to make a decision on our own interest rate options ??

Like many such decisions in life, the answer is often not black and white but more than likely a shade of grey. Continue reading To Fix or Not to Fix?