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It's estimated that around 650,000 Australians are missing out on all or some of their superannuation payments to the tune of around $2.5 billion annually. This can have a dramatic impact on the amount of savings they are able to accumulate for their ...
Should your DIY fund invest in real estate? Money looks at the key questions Financial advisers and friends are telling me I should buy residential real estate for my self-managed super fund (SMSF) and that it is a better investment than shares. Are ...
I have automatic direct debit arrangements with a gym and a charity and can't afford them anymore. How do I cancel them? In the past, attempts to cancel automatic debit arrangements often turned into a tedious game of ping pong, phoning the bank and ...
I know a parent who takes "tax" out of his children's pocket money to get them accustomed to the impact of tax on their earnings from jobs when they are older. It's not uncommon for kids to take a first job without having a tax file number. This means ...
An irony of self-managed superannuation is that often it takes a lot more work to close a fund than in setting it up. And while it is crucial to get things right when establishing your SMSF, it is just as crucial when winding it up. "It is particularly ...
You can be in big trouble if you dip into super early. We all face financial pressures from time to time: mounting credit card debt, redundancy, perhaps followed by a period of unemployment and therefore no income, while bills, rent or mortgage payments ...