The 1 July 2017 superannuation reforms introduced a new reporting regime for funds. Funds now need to advise the ATO of key events within the fund that impact on retirement income streams (pensions):
A good mortgage broker can be the key to your property portfolio success. Here’s seven things to look for when choosing your broker.
When it comes to one of the biggest financial decisions you’ll ever make, it pays to have some professional help. But how do you find a good mortgage broker, and what can they offer? Here’s what to look for.
Are you the ‘better safe than sorry’ or a ‘she’ll be alright’ type when it comes to insurance?
Many people view insurance protection as a ‘waste of money’ or ‘an ongoing cost that you don’t get anything back from’?
Shockingly, many people are more likely to insure their car than they are their lives.
Here’s a recipe for a basic financial plan:
Take one or more income sources and pour into a big pot. Add appropriate amounts of life, income protection and permanent disability insurance. Simmer for a few decades while slowly adding superannuation contributions and a dollop of non-super savings. Stir in some constructive debt, but take care to keep a lid on it. Dip into the pot occasionally to taste. Simmer steadily, and consume regularly after retirement.
Hmmm. Pretty bland, isn’t it? More like medicine than minestrone.
What’s missing, of course, is the most important ingredient of all – a generous sprinkling of dreams.
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Self-managed superannuation funds (SMSFs) open up a whole new world of investment opportunities for your retirement savings, including direct property. But what if you simply don’t have enough money in super to buy an asset outright?
A home loan is generally a long-term proposition, but in some situations it can make sense to refinance your mortgage. Read this guide to the refinancing process, and speak to your broker, before deciding whether it’s right for you.
Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing so can save money and result in significant financial gains over time.
And give you great flexibility.
It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move.
Continue reading Refinancing could save you thousands
Wondering how to pay off your home loan sooner? We look at some smart tips for paying off your home loan sooner.
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Continue reading Smart tips for paying off your home loan sooner
The “downsizer contribution” is proposed to allow individuals to contribute up to $300k of the proceeds from the sale of a residence owned by a person or their spouse to their Super. The property must be located in Australia and have been owned by the individual, their spouse or former spouse for at least a period of 10 years prior to disposal. Continue reading Contributing downsizer proceeds to Super