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Centrelink Asset Testing has changed for Account Based Pensions
Centrelink Asset Testing has changed for Account Based Pensions So what has changed? Up until the beginning of 2015, Account Based Pensions (ABP’s) were treated favourably by Centrelink and DVA, and assessed under the income test rules based on the level of income that they were producing in order to determine how much income support would be paid. From 1 January 2015, ABPs will no longer have the income test […]
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7 Essential tips for buying your first home
7 Essential tips for buying your first home 1. Get into a ‘mortgage payment’ pattern ASAP You may have already been saving for a house, or paying rent towards a property, but the psychology of these payments can be very different to servicing a mortgage. It is easy to get complacent with a savings plan and say to yourself “Not this month, its […]
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The top 3 issues that every pre-retiree should be aware of
The top 3 issues that every pre-retiree should be aware of For most Australians, a comfortable retirement is a long term goal that remains in the back of our minds for many years. Many of us (especially the baby boomers), watched our parents & grandparents struggle along on a Government pension and vowed never to do so ourselves. The Australian Bureau of Statistics (ABS) survey in […]
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Self Managed Superannuation Funds and Property Investment
Self Managed Superannuation Funds and Property Investment Property investing through your self managed superannuation fund (SMSF) can be a great way to create wealth for your retirement. Investing in property can be an effective way to diversify your superannuation investments, and any income from the investment property, including capital gains, may be taxed at concessional rates. This could mean a financial saving […]
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8 ways to transform your finances in 2015
8 ways to transform your finances in 2015 The start of a new year is an ideal opportunity to give your finances a makeover. Regardless of whether you are a young wealth accumulator saving for a house, a single or double income family educating children and slogging away at your mortgage, or a retiree slowing down to enjoy the simpler things in life, […]
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