More working-age Australians intend to take a career break at some point. We’ve calculated the potential impact of doing so on retirement superannuation balances. Extended career breaks were once a rarity for most Australian workers but these days they are more common. Vanguard’s inaugural How Australia Retires study has found that 2 in 5 current working-age Australians…
Giving Australians better access to high-quality and more affordable financial advice is imperative. One of the fundamental principles for achieving long-term investment success is planning. In fact, the importance of having a clear financial plan, whether it’s formal or informal, can’t be overstated. As is the importance of sticking to it. Without a well-documented, detailed…
As we age, we may require additional support to maintain our independence and quality of life. For many seniors, this can involve accessing home care services that help with daily tasks like cooking, cleaning, and personal care. One way to access more comprehensive home care services is by applying for a higher-level home care package….
Ensuring you’ve structured your finances tax-effectively is always a concern, but with new tax rules for super on the horizon, many people with large balances are considering alternative vehicles to save for retirement. Unsurprisingly, this has sparked a renewed interest in an old favourite – trusts. Trusts have always been popular in Australia, with the…
If you’re lucky enough to have received a windfall, perhaps an inheritance or a retrenchment payout, your first decision will be what to do with it. Assuming you have decided against a shopping splurge, finding the best place to invest a lump sum is all about the effect on your tax bill and how soon…
Iron ore has been the backbone of the Australian economy and many investment portfolios for much of the 21st century. In 2021, resources accounted for 68 per cent of Australia’s export revenue. This was the year that iron ore prices peaked at almost $US230 a tonne.i However, its growth as an export icon really took off…
Think you have been scammed? These steps will help you take action quickly to stop the scammers and limit the damage. Know that you are not alone and you can recover from this. There is support available, if and when you need it. Act fast if you’ve been scammed If you’ve been scammed, follow these…
As digital tools continually evolve, it is more important than ever to make sure you understand your tax obligations and comply with them. The Australian Taxation Office has been expanding and improving its data matching programs. Data matching compares data from a range of private and government organisations with the information you have provided to…
The ranks of Australians receiving the Age Pension are increasing. It’s important to understand who is eligible and its role in retirement planning. Just days before the 2023 Federal Budget was handed down on 9 May, the Australian Bureau of Statistics released a new report including data on the number of Australians receiving the Age…
As our superannuation balances grow larger, it makes more sense than ever to keep track of the many rules changes that have recently happened or are coming up soon. So, check out these latest changes in case they affect you. Super bonus for workers For employees, the new financial year kicks off with an increase…
