Daylight saving time has begun, the footy finals are over, and the spring selling season is now well underway. This year, however, buyers hunting down their dream home are facing very different market conditions. Listings remain high, yet rising rates ...
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Dear Paul, My 82-year-old mother is selling her home and moving in with my sister. Mum would like to gift money to each of her six adult children. What are the rules and implications regarding her aged pension? How much can she gift? And how much should ...
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 ...
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 ...
