When it comes to retirement, ASFA estimates that the lump sum savings needed to support a comfortable lifestyle in retirement is $640,000 for a couple. Please note: This assumes a partial Age Pension entitlement.
Just over a year ago, we first started covering the COVID-19 pandemic, providing both health and Government economic response related information.
Over the course of your life, you’re likely to receive income (cash flow) from various sources. These can include employment, self-employment, business interests and investments.
When it comes to building and maintaining wealth, super is widely considered to be one of the most tax-effective investment structures available. This is particularly evident when considering the tax treatment of income and capital gains from assets held inside super, both in the accumulation and retirement phases.
When it comes to maintaining your financial wellbeing in retirement, it’s important to understand that as you enter this phase of your financial lifecycle a certain shift in economic resources often occurs.
When it comes to wealth accumulation and the management of certain lifetime risks, an appropriately established personal insurance plan can be an important risk management strategy.
In our article, ‘Key home loan repayment considerations’, we discussed a proactive ongoing approach to paying off your home loan—considering it will most likely be the largest debt that you pay off in your lifetime.
When it comes to investing, the main asset classes are cash, fixed interest, property, and shares.
As we near the end of a calendar year, we often take time to pause and reflect. This tends to be the moment when we also make new resolutions for the year ahead.
When it comes to lodging your individual tax return, it’s important to note the distinction between taxable income and assessable income. In broad terms, taxable income = assessable income – allowable deductions.