Key takeaways There may be tax advantages when you contribute to super, especially if you salary sacrifice or you’re eligible to claim a tax deduction for personal super contributions. By making extra mortgage repayments, coupled with any potential increase in the...
Find out how to save money every day and make a savings plan to stay on track. Separate and automate your savings An online savings account is a great way to grow your money faster. Unlike a transaction account, you can’t spend money directly from a savings account,...
Review your investments regularly to make sure you’re on track to reach your financial goals and you’re comfortable with the investment risks. Find out how to review your investments’ performance and what to do if you’re not getting the returns...
What are interest rates? The interest rate is the amount a borrower pays for borrowing money from a lender, which is why it’s often referred to as the cost of borrowing. Conversely, the interest rate is also the amount earned on money deposited into a bank or...
Key takeaways It’s important to remember that interest rate increases are gradual, and while uncomfortable now, they will help to control rising inflation Interest rate rises can affect your super balance depending on how your retirement savings are being invested...
Superannuation (or Super) is a percentage of your income put aside by your employer over your working life to help fund your retirement. It’s a compulsory system in Australia that requires contributions to be made, most commonly, into either an APRA regulated...
