Wealth

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.

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.

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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.

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.

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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.

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.

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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

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.

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Reserve Bank of Australia governor Michele Bullock says the central bank’s fight against inflation is not done yet.

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.

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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.

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.

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In many cases, direct insurance premiums can be cheaper than group insurance schemes used by most super funds.

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 ...

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There are ways to move super out of the taxman’s clutches when it’s time to divvy it up once you’re gone.

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 ...

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More older Australians are bequeathing their money and property to their grandchildren. (Dean Lewins/AAP PHOTOS)

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.

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‘Millions’ of people could fall victim to scams using artificial intelligence to clone their voices, a UK bank has warned.

‘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.

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Increases to Rent Assistance and Jobseeker, and an indexation of Services Australia payments and pensions, will come into effect on September 20.

Millions of Australians in line for cash boost from today

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

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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. . .

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. . .

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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.

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.

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The rising risk of default for older people is almost double that of their younger counterparts — and parents risk losing more than their home if things go wrong.

House & pension at stake as parents risk it all to help kids

The bank of mum and dad may not be the lender of last resort you hoped for, with a new report showing the over-50s are the new category of Aussies facing financial stress, with their house and pension at stake.

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Your Money has discovered a Centrelink hack that can put you on the fast track to getting your issue sorted sooner.

The Centrelink hack that will slash wait times

We have discovered a Centrelink hack that can put you on the fast track to getting your issue sorted sooner.

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