Key takeaways It’s hard to predict what your expenses will be when you retire, but knowing what your lifestyle costs are now, will provide a guide of what you’ll need to live off in retirement Next, determine the total amount of income you’ll need to live off...
What is a salary sacrifice arrangement? Salary sacrifice is an agreement with your employer to contribute a certain amount of your pre-tax salary or potential bonus into your super. The aim is to potentially reduce your tax and boost your super balance at the same...
One of the biggest challenges first home buyers face at present is saving for a decent deposit. While there are definitely some advantages to buying as a couple compared to on your own, pooling your savings for a deposit can put a strain on even the most solid...
Key takeaways: One of the key principles of successful investing is to adopt a long-term perspective and remain committed to your investment strategy By spreading your investments across various asset classes, sectors, and geographical regions, you can reduce the...
Preparing to retire is emotional and practical. Making a retirement plan can help you manage your finances, and cope better as your life and priorities change. Make a retirement plan Your retirement plan can be simple or detailed. Include: Timing — when you want to...
Why invest in property? What makes this such a popular option? You can earn rental income plus benefit from capital growth. What’s different for investors vs. homeowners? Stamp duty If you’re an investor you’ll also pay stamp duty, which varies, depending on your...
