Wealth

Four major Australian banks have refunded customers almost $25,000,000. Stock image
Wealth
Dominique Tassell

Millions of Aussies get money back from major banks

Customers are receiving a share of $25 million. Here’s why.

Read more (3 min) →
Video
A Melbourne man who started a side hustle to make some extra cash is now a millionaire at just 25 years old.
Wealth
Jackie Quist and Lucy Mae Beers

Vinul started a side hustle for some extra cash. He’s now a millionaire at 25

The Melbourne man started out on Airtasker and now makes up to $1400 a day.

Read more (2 min) →
Self-managed super funds offer flexibility but the cost burden to run them can be tough to swallow. If you’re paying an accountant $5500 and have less than $900k in there, it could be time to shut it down.
Wealth
Nick Bruining

Got under $900k in a SMSF? It may be time to pull the plug

Q+A: Self-managed super funds offer flexibility but the cost burden to run them can be tough to swallow. If you’re paying an accountant $5500 and have less than $900k in there, it could be time to shut it down.

Read more (3 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
It’s a tough decision, but making the call to sell the family home to fund aged care could prove to be a huge mistake.
Lifestyle
Nick Bruining

Why selling a family home to fund aged care is a big mistake

Mum needs to move into care. The natural inclination might be to sell up everything, including the family home, to fund a spot in a nice place with great staff. But that could be a huge mistake.

Read more (3 min) →
Seniors face a $100,000 rise in aged care costs when changes take effect next year. There’s also fears the hike could create a supply shortage as families race to move parents in early to beat extra fees.
Wealth
Nick Bruining

Aged-care changes could cost Mum and Dad an extra $100k each

Seniors face a $100,000 rise in aged-care costs when changes take effect next year.There’s also fears the hike could create a supply shortage as families race to move parents in early to beat extra fees.

Read more (4 min) →
Ryan earns nearly $205,000 a year as the sole financial provider, and the couple has anet worthof more than $1 million. But they’re stressed about their day-to-day finances. Adobestock
Wealth
CNBC

Why this couple in their 40s worth $1.5m are ‘broke’

Ryan earns nearly $205,000 a year as the sole financial provider, and the couple has a net worth of more than $1 million. But they’re stressed about their day-to-day finances.

Read more (4 min) →
Reserve Bank of Australia governor Michele Bullock says the central bank’s fight against inflation is not done yet.
updated
Business
Matt Mckenzie

RBA holds the line with no relief for homeowners

Interest rates are unlikely to fall in the near future, Michele Bullock says — but the RBA did not consider hiking today either.

Read more (4 min) →
Video
The easiest way to buy cover will be through your employer super fund. That’s because, in most cases, there are few, if any, medical questions.
Wealth
Nick Bruining

Must-know tricks to slash your family’s life insurance costs

Like many things in life, you can never have enough life insurance. The difficulty is finding the right balance between what’s needed and how much you can afford. Here’s how to cut your costs.

Read more (3 min) →
Video
In many cases, direct insurance premiums can be cheaper than group insurance schemes used by most super funds.
Wealth
Nick Bruining

The ‘loyalty tax’ rip-off lurking in your insurance cover

People with established life insurance policies could be paying a hefty ‘loyalty tax’, which could be a staggering 89 per cent more than they might have otherwise been paying. Here’s why ...

Read more (3 min) →
There are ways to move super out of the taxman’s clutches when it’s time to divvy it up once you’re gone.
Wealth
Nick Bruining

How can I stop my kids paying the 17pc super ‘death tax’?

Q+A: Did you know your kids could be up for a 17 per cent ‘death tax’ when it’s time to divvy up your super once you’re gone? But there are ways to move it out of the taxman’s clutches. Here’s what to do ...

Read more (3 min) →
More older Australians are bequeathing their money and property to their grandchildren. (Dean Lewins/AAP PHOTOS)
Wealth
Katelyn Catanzariti

Grandchildren get first dibs on massive $3.5 trillion wealth transfer

More older Australians are bypassing their 'set-up' children in their wills and bequeathing their wealth to their grandchildren facing a cost-of-living crisis.

Read more (3 min) →
Video
‘Millions’ of people could fall victim to scams using artificial intelligence to clone their voices, a UK bank has warned.
Wealth
Anna Cooban

‘Catch millions out’: The phone call that could drain your bank account

Just three seconds of audio could be enough for someone to get access to your savings, a major bank has warned.

Read more (2 min) →
Video
Increases to Rent Assistance and Jobseeker, and an indexation of Services Australia payments and pensions, will come into effect on September 20.
Australia
Molly Magennis and Hayley Taylor

Millions of Australians in line for cash boost from today

Find out if you’ll be receiving extra cash in your bank account.

Read more (2 min) →
Ever worked in the UK? The clock is ticking on your chance to back-pay missed National Insurance contributions and get an almighty return on today’s small investment come retirement. Here’s how. . .
Wealth
Nick Bruining

How long do I have left to get a supersized UK pension?

Q+A: Ever worked in the UK? The clock is ticking on your chance to back-pay missed National Insurance contributions and get an almighty return on today’s small investment come retirement. Here’s how. . .

Read more (3 min) →
Superannuation isn’t just a snooze-worthy necessity. It’s your best friend — the one who’s been there for you through every milestone. Here’s how to stay connected at age 21, 35, 50 and on the day you retire.
Wealth
Sarah Wells

How to make super your BFF at four key stages of life

Superannuation isn’t just a snooze-worthy necessity. It’s your best friend— the one who’s been there for you through every milestone. Here’s how to stay connected at age 21, 35, 50 and on the day you retire.

Read more (4 min) →