Four financial resolutions to kick start the new year
As we head towards the end of the year, many people start thinking about new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is the ideal time for setting financial goals.
Smart ways to use your tax refund this year
You may be one of many Australians who make an interest-free loan to the federal government every year. That’s because, when you receive a tax refund, you’re not getting free money. All that’s happening is that cash which is rightfully yours is being returned, somewhat late. So it makes sense to make it work as hard as possible once it’s back in your hands.
Should you downsize to boost your super? Pros, cons, and tax implications
The idea of downsizing can be very appealing to empty-nesters. There will be less cleaning, gardening and maintenance, more time for hobbies and travel, and the icing on the cake comes if you can use the cash surplus you created to give your super a significant tax-effective boost.
But is the picture totally rosy, or are there some drawbacks to downsizing?
5 step super health check
Ensuring the health of your superannuation is paramount for securing your financial future. Just like an annual physical examination, conducting a regular “Super Health Check” can help you optimise your retirement savings and protect your financial well-being.
By following these five simple steps, you can take control of your superannuation and ensure it aligns with your goals and circumstances.
Is your financial strategy still working for you?
A financial strategy isn’t something you should set and forget. Life moves, circumstances change, the economy shifts, and what once worked may not be as effective as it used to be.
The secret to building wealth
Most people are familiar with the idea of working hard for their money. But financially smart people have a different and more strategic mindset. They make their money work hard for them.
EOFY Tax Tips: Maximise your deductions before June 30 2025
As we enter the final month of the financial year, now is the perfect time to take a close look at your finances and make strategic decisions that could help to reduce your tax bill and set you up for a stronger year ahead.
A different “End of Financial Year Sale”
As June 30 fast approaches, there is still time to consider the strategies available to you this financial year to build your wealth, some of which are discussed below.
What happens to my superannuation if…?
The introduction of compulsory superannuation in 1992, embedded the concept of retirement saving into our investment psyche.
While Australia’s superannuation scheme has its complexities, the idea is simple: regularly contribute a percentage of earnings to a complying superannuation fund to provide financial support upon retirement.
Top 5 Mistakes Business Owners Make When Applying for a Loan
Organising a loan for your business can be an important step in fuelling growth or covering unexpected expenses, but many business owners fall into the same traps during the loan application process.