Adding more to your retirement savings: is it worth it? There’s no denying that being proactive with your super may be key to increasing your retirement savings. As an investment vehicle, super can offer significant benefits thanks to the magic of compounding interest. It also provide

The 101’s of Self Managed Super Funds: some basics and benefits explained In the right hands, a self-managed superannuation fund (SMSF) can be a beneficial way to build wealth for retirement. Whilst they are not for everyone, it is important that when thinking of starting an SMSF, ind

Downsizing your home? Understanding the downsizer contribution Downsizing the family home is often part of the longer-term financial plans for many older Australians. But did you know that you could consider investing the proceeds of the sale of your family home to your super – depend

Retirement Realities: Five Tips for Rebuilding a Super Future Australians will need to rebuild their superannuation and retirement savings, after withdrawing more than $36 billion in early super release payments in 2020, according to Colonial First State’s Retirement Realities Series.

How much do I need in my emergency fund? In these uncertain times, it pays to have money set aside to give you peace of mind that if your income drops, you still have ample funds to pay for your everyday expenses until you get back on your feet again. A good rule of thumb is to have e

How is your credit score affected by COVID-19? If you’re one of the many Australians financially impacted by COVID-19, who have deferred $218 billion worth of payments this year – fear not. Your credit score is unlikely to be affected by payment deferrals or mortgage holidays due to t

Increasing your Age Pension entitlements by renovating the family home One of the quirks of Australian society, including its taxation system, is that it puts home ownership at the centre of physical, emotional and financial well-being. There’s an aura about owning your own home. It’s

Economic update and market commentary The Covid situation took a turn for the worse, as spiralling infections saw new lockdowns introduced in Australia. The government has suggested all restrictions can be lifted once 70% of the adult population has been fully vaccinated. Until then,

Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2021-14 Date 3 August 2021   At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent maint

Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2021-13 Date 6 July 2021   At its meeting today, the Board decided to: retain the April 2024 bond as the bond for the yield target and retain the target of 10 basis points continue purchasing govern