Aussie parents have coughed up more than $26 million to help their adult kids since COVID-19 hit our shores – and one in five is at financial risk from doing so. Parents helping their adult kids financially isn’t an unfamiliar concept in this country, but figures...
From 1 July 2021, the contributions your employer is required to make into your super fund, under the super guarantee, will increase to 10% of your before-tax income. The super guarantee will increase from 9.5% to 10%, as planned, on 1 July 2021. The outcome of this...
Generally, you can, but there may be other things to consider. When you access your super at retirement, depending on your age and personal circumstances, your super fund may ask you to sign a declaration stating you intend to never return to work again. However, there...
The government’s Your Future, Your Super legislation is due to pass Parliament on 1 July, with members urged to know their superannuation insurance needs prior to the bill's passing. One of the government’s main changes to the Your Future, Your Super is around stapling, or allowing...
Superannuation funds have continued their bounceback from the COVID-19 pandemic and are now on track for double-digit returns, new research has revealed. Research released by Chant West showed that growth funds – those with between 61 and 80 per cent in growth assets – were up 2.2...
You’re working hard to take care of your family now – so it makes sense that you’ve already put a financial safety net in place that will protect them if you’re no longer able to provide for them in the same way, by taking out...
The lead up to 30 June can be a good time to maximise tax benefits that may be available to you inside super. If you’re keen on taking advantage of potential tax benefits available inside super, or are looking at ways to rebuild your retirement savings...
The government has announced more than $17 billion in assistance to the underfunded aged care sector over five years. Treasurer Josh Frydenberg has announced that his government will increase aged care spending by $17.7 billion over the next five years by investing $250 million in 2020–21,...
Arguably the most successful investor of the modern age, Warren Buffett is still the chairman and CEO of Berkshire Hathaway at 90 years old, and currently has a net worth of over $100 billion, writes Robert Francis. While Buffett is famously frugal, eating at McDonald’s for...
As an investment, bonds are both underrated and misunderstood. They are often seen by investors as boring, defensive, predictable and producing very little in the way of income. In short, they don’t hold much interest to income-focused investors, especially during a time of record low...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.