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?