Would you borrow money from the government?

What am I talking about? Two weeks ago, the Government handed down the 2018 Budget. One of the more interesting initiatives was the expansion of the Pensions Loans Scheme (PLS) to take effect from the 1st of July 2019 – subject to legislation being passed. Since the announcement of the expansion of ...

I wish my husband never retired

This is a true story. Only the personal details have been redacted for privacy reasons. Jack and Diane have been married for forty-three years. Jack is seventy-one and Diane sixty-eight. They have three children and seven grandchildren. Diane works four days a week in a local business - just because she enjoys ...

Helping the kids into the housing market

Hardly a week goes by without mainstream media reminding us of Australia’s predominantly East Coast housing affordability crisis and just how difficult it is for young people to break into the housing market and buy their first home. The government has introduced initiatives such as the First Home Super Savers scheme, ...

My Comfortable Retirement

What does this mean? Every three months, an organisation known as the Association of Superannuation Funds of Australia (ASFA)  produces research providing details of how much a person needs in retirement to fund a comfortable lifestyle. The research is very comprehensive - documenting a detailed “comfortable budget” outlining how much a ...

Downsizer Contributions – value for some is questionable!

In November 2017, legislation was passed that will allow certain individuals who sell their main residence to contribute up to $300,000 of the sale proceeds to superannuation without being constrained by the usual restrictions that otherwise apply to contributions including contribution caps and work requirements. The value of homes in most ...

 

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