The Tricky Reality of Transferring Property to Your Children
Many parents have been able to help their children get on the property ladder by gifting money or signing on as a mortgage guarantor. But some parents might choose to go a step further and transfer a property to their child, no strings attached.
5 Steps to Take Right Now to Make Sure Your Super is Working For You
Your annual super statement will provide a snapshot of how your super is going, but it can also be an invitation to take a look under the hood and make sure you’re happy with its current settings. Here are a few things to consider once your super statement arrives this year.
Buying Property Now vs 30 Years Ago
Australians trying to break into the property market today face their fair share of challenges. Property prices have risen at a much quicker pace than incomes, and the high cost of living can make saving a deposit seem next to impossible.
5 Traps to Avoid When Giving an Early Inheritance
Australians are living longer than they used to, and many inheritances are arriving in children’s hands too late to help buy a home or start a family. For some parents, gifting all or part of an inheritance while still alive can be preferable, but there are a few important questions to consider.
Can Your Super Death Benefit Go To the Wrong Person?
If you were to pass away unexpectedly, you would probably want your super to go to the people you care about most. But without careful end-of-life planning, there’s a chance it could wind up in the hands of someone unintended.
Q&A: The Cost Of Retirement Is Going Up, What Can I Do About It?
There’s no doubt that with hefty price increases in everyday expenses such as food, fuel and health care, your retirement savings may need to stretch a little further than you expected. According to the Association of Superannuation Funds Australia (ASFA) Retirement Standard, a ‘comfortable’ retirement went up by 6.2 per cent for couples and 6.7 per cent for singles* in the year to June 2022.
3 Things You May Not Know About Super
Most of us know that making extra super contributions can be a great way to accelerate our retirement savings and boost our income for retirement. But are you making the most of the types of super contributions on offer? We share three things about contributions that might just surprise you.
Choosing Aged Care For Elderly Parents
The reality of old age isn't something that many of us like to think about. The idea that we - or our parents - will become reliant on someone else to get by can be confronting.
Q&A: When Should I Retire?
Retirement is a major life change, and ultimately, when and how you choose to retire is a very personal decision. For some, retirement is a long-awaited dream that can’t come soon enough.
Federal Budget Report – 2022/23
This year’s Budget was delivered earlier than usual due to the impending Federal election, which is expected to be held in May 2022. Unsurprisingly, the contents of the Budget have been shaped with an election in mind, whilst also delivered at a time when there is uncertainty around global events and macroeconomic trends, including inflation and interest rates.