A popular choice for managing superannuation is to take personal control via a self-managed superannuation fund (SMSF).Although membership is limited to a maximum of four people per fund, the Australian Tax Office (ATO) reports there are almost 600,000 SMSFs, representing more than 1.1 million members. It estimates the value of assets held within SMSFs is more than $681 billion!

Australians love to invest in property. And what’s not to love? It’s tangible, offers diversification and tax benefits, and can provide you with a good income and strong capital growth. The benefits of investing in property can be amplified when held within super and with changes to borrowing within Self-Managed Super Funds (SMSFs) over the […]

Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. The complexity of Australia’s superannuation and pension systems doesn’t help. The upshot is that there are a number of common mistakes that retiring and retired Australians make.   What are those mistakes and […]

Your estate refers to the sum of your assets, which include cash in the bank, real estate properties, business equities, vehicles, family heirloom, jewellery, artwork, and other things of value that are in your name. Planning your estate is essentially the process of establishing your plan and formally organise how you want your assets distributed […]

Sydneysiders enjoy exceptionally high quality standard of living, so it is not surprising that the city is one of the most expensive in the world. In a 2010 survey published by Sydney Business Chamber, about half of the respondents believe they need to earn $100,000 or more per year in order to live comfortably. While […]

The Millennial Generation is always in the spotlight nowadays because of the things they do differently than what their parents did in the past. The Millennials or those who are born between 1977 and 1995 are delaying traditional milestones in life according to a new study. The preceding generations were quick to buy their first […]