RBA decision risks higher cash rate peak

The surprise slowdown in the pace of rate rises risks dragging out the rate hiking cycle and forcing the central bank to go even higher than expected to dampen demand. The Reserve Bank of Australia’s 0.25 percentage point lift is the sixth consecutive rate hike...[Read More]

3 tips to grow your superannuation

Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put off for so long. Your...[Read More]

Super for nest eggs not ‘pet projects’

The federal opposition has accused the Labor government of trying to funnel superannuation into “pet projects”, and called for the health of Australian nest eggs to remain the top priority. Treasurer Jim Chalmers wants super funds to double down on the...[Read More]

Aust billionaires double wealth amid COVID

While millions of Australians struggle to make ends meet during the COVID-19 pandemic, the nation’s billionaires have pocketed $205 million a day. Anti-poverty charity Oxfam has run the numbers and found Australia’s 47 billionaires doubled their collective...[Read More]

Here’s why you need to consolidate your super in 2022

Money and Life (Financial Planning Association of Australia)   New super rules introduced November 2021 mean employees are now ‘stapled’ to their existing superannuation fund, unless they choose otherwise. That’s why it’s more important than ever to...[Read More]

Get retirement ready, no matter your age

Money and Life (Financial Planning Association of Australia)   Whether you’ve just started out in the workforce, or you’re getting ready to call it a day, it’s always a good time to start planning for life after work. Here’s our decade by decade guide to...[Read More]

Central bank digital currency ‘hotting up’

Marion Rae (Australian Associated Press)   Momentum on central bank digital currencies (CBDCs) is building but everyday Australians are unlikely to see a “kanga coin” just yet. “Enough countries will go down that route and we’ll end up...[Read More]

How investment income is taxed

Moneysmart (ASIC)   You need to include investment income in your tax return. This includes what you earn in: interest dividends rent managed funds distributions capital gains from property, shares and cryptocurrencies You pay tax on investment income at your...[Read More]

6 questions to ask a Financial Adviser

Clarity (OnePath)   Take control of choosing your life insurance Before you get life insurance, talk through these 6 questions with your financial adviser. That way you’ll have a clear picture of what you’re buying. 1. What types of cover...[Read More]

RBA to stay patient before cash rate hike

Colin Brinsden, AAP Economics and Business Correspondent (Australian Associated Press)   The Reserve Bank of Australia has left the cash rate at 0.1 per cent after its monthly board meeting, and has indicated a rate hike is still some time away, defying the...[Read More]

Cryptocurrency as an investment

(ATO)   Cryptocurrency as an investment If you acquire cryptocurrency as an investment, you may have to pay tax on any capital gain you make on disposal of the cryptocurrency. You will make a capital gain if the capital proceeds from the disposal of the...[Read More]

The superannuation health check

Money and Life (Financial Planning Association of Australia) Does your super deserve a clean bill of health? Managing your super might seem tricky, but it doesn’t need to be. With a few simple tweaks, you can put the basics in place to last you a lifetime. Here’s...[Read More]

How to negotiate better work perks

Money and Life (Financial Planning Association of Australia)   With the COVID-19 pandemic taking hold again, many employers aren’t in a position to hand out pay rises, no matter how hard you’ve worked. If that’s the case in your role, it’s worth asking for...[Read More]

New orders for underperforming super funds

Andrew Brown (Australian Associated Press)   More than one million superannuation account holders will receive notice from their funds saying they have underperformed. New requirements will force 13 super funds to write to 1.1 million members on Monday, urging...[Read More]

The ‘bank of mum and dad’ is playing a bigger role than ever

Money and Life (Financial Planning Association of Australia)   With property prices rising at a record rate in many cities across Australia, the ‘bank of mum and dad’ is playing a bigger role than ever as many parents feel pressure to assist their children in...[Read More]