It might be the last thing on your mind right now, but tax time is fast approaching – and there are a stack of big changes this year. Tax time is coming – and it’s going to be a little different this time around. That’s because a raft of new changes are due to kick […]
Read MoreMinimum Pension Drawdown Rates Halved For 2019/20 And 2020/21
On 22 March 2020 the federal government announced that the minimum pension drawdown rates would be temporarily halved for the 2019/20 and 2020/21 financial years. This is due to many retirees losing a significant portion of their super account balance as sharemarkets have plunged due to the coronavirus crisis. This rule change assists retirees who […]
Read MoreLife Insurance Coverage Can’t Discriminate Due To COVID-19
Frontline workers looking to purchase life insurance can be assured they won’t be excluded from coverage due to potential or actual exposure to the COVID-19 virus. The Australian Competition and Consumer Commission (ACCC) has granted interim authorisation to the Financial Services Council (FSC) and its members to work together in a way that means exposure […]
Read MoreWhat Does Liquidity Mean For Super?
Recently, there has been some media coverage surrounding the ‘liquidity’ of super funds and their ability to support the Australian Government’s early access to super initiative, which was designed to help support members financially impacted by Coronavirus. Understandably, this may have caused some questions from members about what this might mean for their super. WHAT […]
Read MoreHow Can Financial Stress Impact My Health?
Financial worries affect most Australians at some point. The good news is, you’re not alone. There are plenty of support services to help you through. According to a Deloitte study, over 50% of the population worries about outliving their retirement savings. And in the 2019 NAB Consumer Anxiety Survey, one in four consumers rated their cost of […]
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