If you’re a low or middle-income earner in Australia, you could be missing out on free money from the government to help grow your retirement savings. The superannuation co-contribution scheme is designed to reward those who make personal (after-tax) contributions to their super fund. And the best part? You could receive up to $500 annually […]
Boost your Super before the end of the financial year Read More »
Australian’s have a number of choices when it comes to investing in different investment structures. Here’s a quick comparison table showing how insurance bonds, superannuation, and managed funds stack up in key areas for Australian investors: Comparison of Investment Options in Australia Feature Insurance Bonds Superannuation Managed Funds (Outside Super) Tax Rate on Earnings 30%
Comparison of Investment Options – Super vs Managed Funds vs Insurance Bonds Read More »
In Australia, personal loan lenders advertise a range of interest rates (e.g., 6.99% p.a. to 19.99% p.a.) because the actual rate a borrower gets depends on their individual risk profile. Here’s why that happens: Your Risk Profile Lenders assess how risky it is to lend to you. The lower the risk, the lower the interest
Why do personal loan lenders have a range of interest rates? Read More »
If the USA imposed large tariffs on most countries globally, the result would be a major economic shock with widespread consequences: In the USA Consumer Prices Rise (Inflation): Higher tariffs would increase the cost of imported goods, pushing up consumer prices, especially for electronics, clothing, and other goods reliant on global supply chains. Producer Costs
Trump’s Tariff Economic Shock Read More »
If you don’t know what the SPIVA Australia Scorecard is then let me tell you. It’s an eye opening nugget of critical information for those that invest into managed funds. It shows that the vast majority of managed funds…. wait for it….. do NOT outperform the index they are measured against. The results do vary
SPIVA Australia Scorecard 2023 Results – Active vs Passive Report Card Read More »
Domestic demand is being targeted by the RBA in an attempt to rein in price increases caused by external issues. “Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role.” RBA Media Release It seems unfair to
RBA punishes consumers to fight inflation caused by external factors Read More »
On the 5th of April 2013, the government announced that it would now take superannuation accounts with balances up to $2,500, if they were deemed “lost” from 31 May 2013. If and when you get around to claiming these funds, they will reward you by applying an interest rate equivalent to the Consumer Price Index
Is the Government stealing Your Superannuation? Read More »
The Australian Securities and Investments Commission (ASIC) have released a calculator that helps you compare your current home loan situation with taking out a new home loan.
Mortgage Switch Calculator Read More »
Usually the banks pass on interest rate rises to their various savings accounts within a few days of the RBA rate rise, however due to the turbulence created by the CBA increasing their home loan rates by 0.45% compared to the RBA 0.25% most of the other banks have held back before releasing their rate increases. Finally all the rate rises are in.
The following table shows the rate increases for Australian banks whom have an indentifiable high interest savings account suitable for Self Managed Super Funds (DIY Super).
SMSF Savings Account Interest Rate Update Read More »
When the RBA raised cash rates in early November the major banks increased their savings account interest rates by the same amount but their home loan rates by much more. We show you where you can find a much higher savings accounts from other banks.
High Interest Savings Account November Update Read More »
