Home lenders have been tightening their lending criteria over recent years and many are now looking for home buyers to have a minimum deposit of 20% of the purchase price before they will approve a loan. As housing prices have continued to spiral, the prospects of any young people having saved a 20% deposit is […]
What does this year’s budget have to offer? With a federal election clearly in the wind, the budget contained a little bit of something for almost everyone. Unlike the 2016 budget that included massive changes to super, this year’s budget was a lot lighter in terms of super announcements. However, there were a few including: […]
Most people are aware there are two main types of superannuation contributions: 1. Non-concessional contributions, and 2. Concessional contributions Non-concessional are personal contributions we make to super, for example; contributions we make for our spouse and for our children under 18 years of age. These are contributions we do not intend to claim tax deductions […]
As we move into the fourth quarter of the financial year, it is time we turn our mind to tax planning and the things we need to be considering as 30 June approaches. You need to be very careful of the correct timing to make superannuation contributions. Every year we hear stories of people who […]
We have written on numerous occasions over the last few years of the need to plan carefully for your retirement – financially, emotionally, physically and mentally. What happens if it does not go to plan, not from a financial aspect but from a health perspective? What am I talking about? I have observed two people […]