Did you know…about property insurance between exchange and settlement?
Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement. There are differences in regulations between states, but the basics are as follows. General tips When it comes to property insurance, there
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Self-employed? You could claim a deduction for saving for your retirement
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super. Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an employer, you were rendered ineligible to claim any tax deduction for
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How an offset account could cut years off your home loan
Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset loan can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule. What is an offset loan? With an offset loan (also called an offset
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There’s never been a better time to consider your financial future
Financially speaking there’s a lot going on. Superannuation and aged care pension rules have changed. We’re living longer, but not necessarily without disease or disability. Add to these the rising costs of education and home ownership and it’s pretty clear…our money needs to stretch further than ever, and the lowest interest rates since the 1960s
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Six mistakes business owners make when taking out a business loan
A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain. Here are six common mistakes businesses should avoid when it comes to commercial finance. Mistake #1: Not getting the right loan A thriving business
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Planning for your parents’ Aged Care
As a son or daughter, you may be faced with handling the financial affairs of those you love as they grow old. While your parents have prepared for their retirement, there is every chance that they, like many others, have significantly underestimated the differences between retirement and the aged care stage of life. Differences that
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Understanding novated leases, FBT and claims for work-related car expenses
A novated lease is a popular way for employers to reward and incentivise their staff. Through a salary sacrifice arrangement that includes a novated lease, employees are provided with a vehicle and can also reduce their personal tax liability. However, employees should understand how fringe benefits tax (FBT) might apply to their arrangement and what
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Plan ahead: Tips to better prepare for Tax Time 2019
It is highly recommended that you keep receipts for all expenses and possible tax deductions you are considering claiming for you or your business. It is also a good idea to scan and file them electronically so that they are accessible should you need them for audit purposes. If you haven’t used it already, note
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More than just a Will, you need an Estate Plan
If you are relying on your Will to protect all of your financial interests, you may be surprised to learn that a Will only covers your personal assets. Your other assets, including your business interests and proceeds from your superannuation fund, could become the subject of litigation or claims from unexpected sources. While your Will
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How to get the most out of refinancing
Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower your interest rates – but is it worth it? We take a look at how you can get the most out of refinancing. Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower
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