savings

Lifting the super guarantee would mean more superannuation in retirement but lower wages today, according to the findings of the long-awaited Retirement Income Review. The report found that lifting the super guarantee (SG) rate to 12% would lead to ... More

In about six years my husband will turn 60. He will likely retire from his current role. We are hoping to then buy a caravan and travel around Australia for a year. I have estimated we will need about $100,000, which equates to saving about $650 per ... More

Eleven million Aussies are in line for tax cuts following the Federal Budget release earlier this month. The question now is what to do with it. The measures are expected to see lower and middle-income earners receive tax relief of up to $2745 for singles ... More

Comedian Ben Lomas was working on The Project and Ninja Warrior and about to debut his new stand-up act at the Melbourne International Comedy Festival when COVID-19 hit. He lost a year's worth of work in nine days during Melbourne's first lockdown. ... More

Starting a family, or planning to start a family, can be a joyous and exciting time. But make no mistake, it can also be a challenging time and an emotional rollercoaster. To help smooth the journey it is important to get on top of your day-to-day finances ... More

Savings and term deposit account holders have missed out on about $1.6 billion dollars over the last half year as banks slowly lower rates. The research by comparison site Mozo.com.au observed 257 rate cuts to bank accounts, 635 rate cuts to savings ... More

I'm 28 and my partner is 27. We have a one-year-old child. I work full time and my partner part time. Our combined income is about $180,000pa; the mortgage on our house is $320,000 with $100,000 of savings in an offset account. I have $130,000 in ... More

Dear Paul, I am a single income earner, aged 36, and am on $120,000pa with some perks such as a company house and matched share options in the mining industry. I am currently on the highest level of share purchase at $570 a month and salary sacrifice ... More

In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19. It comes after Australia's biggest bank, the Commonwealth Bank ... More

Dear Paul, My 19-year-old daughter is living at home and studying at university. Over the past few years she has managed to save around $30,000. With term deposits being so low (around 1.85%), should I put her money against my mortgage and pay her just ... More