2017 has been a year of low interest - record low interest rates, that is. But record low prices don’t last forever. Interest rates will rise again. In the meantime, make 2018 your year of repaying non-deductible debt. That might make it your best year ever.
One of the things we most enjoy is helping people manage wealth across the generations. Most of our clients are working hard to give their kids (or their grandkids) a good start in life. So it makes sense that we teach those kids how to manage their money well. Here is our guide to doing just that.
Until now, salary sacrifice has been one of the only ways that an employee can make an extra tax-advantaged contribution into their super fund. But that changed on 1 July 2017. Now, almost everyone can make additional contributions without their employer even knowing – which might come in handy next time you ask for a pay rise!
Compared to previous years, the 2017 Budget was a bit of an anti-climax. In previous years, there have been a number of big-ticket changes - such as the big changes to superannuation that we have been discussing in recent articles. But this year there have simply been a whole lot of small changes, some of which will be of benefit and others will represent a small loss.
Most people do not own their super benefits. The benefits are owned by the trustee/s of the fund. You can organize things to make sure that these trustees do what you want with your super when you die. You can also organize things so that the people who end up with your benefits pay as little tax as possible. Read on to find out how.
In 2016, ASIC reviewed the performance of the major insurers when it came to paying insurance claims. The report makes for troubling reading, especially for people who organise their own insurances. The news was much better for people who used a financial adviser to help them arrange their insurances.