Economic concerns are once again growing as the possibility of recession becomes more real. In comments made earlier this week chief economist at the International Monetary Fund, Pierre-Olivier Gourinchas, indicated that tough times were ahead for the ...
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Dear Paul, I am 53, married, with two young children. We own a home with a split mortgage (fixed and variable) of about $400,000. Before the interest rate rises, the home would have been valued at around $2 million. In February 2022, unfortunately ...
Imagine waking up to find that your bank balance has a couple more zeros on the end of it than it did the day before. That's exactly what happened to Melbourne woman Thevamanogari Manivel in May last year who, according to documents from an ongoing ...
The final raft of legislative reform resulting from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will be introduced to parliament this week and consultation on the review of the Your Future, Your ...
Five MySuper products have failed the second annual MySuper performance test, with four of them failing for a second time. The product that failed this year's performance test for the first time is Westpac Group Plan MySuper. Westpac must now identify ...
Owning a small business gives us control over the products or services we sell, who we recruit, what we earn and, if we're lucky, even when we take holidays. Having the power to make decisions over our commercial life is one of the primary reasons many ...
Few structures are as widely used but as little understood as trusts, especially when it comes to the potential tax consequences which can arise when they are misused. Here's what you need to know. What is a trust? A trust is basically a structure ...
It's hard to believe now that the Budget was only a month ago. Since then, an election has been called and much of the content of the Budget has seemingly been forgotten. Nevertheless, there were significant measures included in the statement which ...
Losing a loved one is hard enough, particularly during a pandemic, but what comes next can sometimes be complex and costly. There is organising the funeral, tracking down a will and winding up the estate. You have to tie up loose ends such as bank accounts ...
... purchase an asset is imperative. The costs of unravelling an incorrect structure can be enormous. Double stamp duty is an implication of restructuring. By minimising your tax obligations and setting up your finances appropriately, depending on your goals ...
