Have you inherited the family home? You may want to cash in now and sell in a hot market, or hold on to it for a while. Be aware that timing is everything if you want to avoid a capital gains tax hit.
Q+A: Are you up for a big compensation payout? If you’re a pensioner, Centrelink doesn’t care why — or from where — you get the money, as long as they know about it. And that could cost you your pension.
MUST READ: Your Money’s Nick Bruining has been in the financial advice game for 35 years. He’s seen it all. Here’s his checklist to make sure your adviser is a legend and not just a money-sucking lemon.
Sick and tired of spending hours waiting for Centrelink to pick up the phone and answer a simple query? We’ve got the shortcut you’ve been waiting for to get problems sorted much sooner.
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.
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.
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.
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.
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.
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 ...
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 ...
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.