If you’re a sole trader then managing your money is key to your success and, especially in 2020, your business’s survival. Here are some tips on how to you can make the most of your hard-earned dollars. Sole traders may have missed out on some of the COVID-19 support on offer, which has meant they’ve…
To invest well, you need to find investments that fit your financial goals, investing time frame and risk tolerance. Get an overview of the different types of investments so you can find the right ones to reach your financial goals. Types of investments and returns Investments can be classified as defensive or growth investments. Defensive…
Lower tax on your investments can help you reach your financial goals sooner. But don’t choose an investment based on tax benefits alone. How investment income is taxed You need to include investment income in your tax return. This includes what you earn in: interest dividends rent managed funds distributions capital gains You pay tax…
COVID-19 has uprooted our lives and done some strange things to investment markets. First there was a major crash. Then a major rally. What’s going on? What does it mean for you and your super? And how can you adapt to the new investment landscape? Governments and central banks across the world have unleashed a…
Worrying about superannuation balances is something most of us do from time to time, but as we approach retirement it can become a regular pastime. Unfortunately, in the current economic climate, many of us are heading into retirement with less than we expected. This can sometimes be because market volatility has temporarily reduced our balance….
What income protection insurance covers Income protection insurance pays up to 85% of your pre-tax income for a specified time if you’re unable to work due to partial or total disability. Each income protection policy has its own definition of partial or total disability that must be met before a claim is made. Check the…
The ongoing Coronavirus crisis is all over the news and while the reports from Victoria are concerning, it’s good to remember that in absolute and global terms Australia is still managing the medical crisis exceptionally well. That said, the lockdowns, border closures and general loss of consumer and business confidence have affected the economy and…
It’s often said that starting out early on one’s investing journey will deliver good long-term results. But in light of recent volatility on investment markets, you may be thinking, is this the right time to start off? Taking your first step is often daunting, but the reality is that investment markets have shown consistent growth…
Choice is inherently regarded as a good thing, particularly in these COVID-affected times when some of our basic choices have had to be suspended for the greater community good. So last week’s passage through parliament of a Bill expanding the amount of choice in the superannuation system ought to be reason for a small celebration….
Ever woken up on your birthday and found a horribly-wrapped present at the end of your bed? Plain paper, bulky sticky tape, badly written card? But then you open the present and it’s what you’ve been dreaming of for years? The same could be said for super. It’s messy, complicated, tricky to get into. But…