News
Stay informed with MENTOR1At MENTOR1, we believe that because it is your future, you need to be completely informed and involved in all decisions that concern you.
So along with the tailored advice, we provide additional resources to help keep you up to date.
Mortgage vs super: where should I put my extra money?
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...
Make a big difference with small changes
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,...
Keep track of your investments
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 you expect. Monitor...
Interest rates and investing
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...
How interest rate rises could affect you
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...
Three things you should know about super
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 retail...
Is it worth salary sacrificing into my super?
Key takeaways Salary sacrificing means you agree with your employer to direct part of your before-tax salary straight into your super account. These contributions are on top of compulsory contributions made by your employer. Salary sacrificing can be a tax-friendly...
Using trusts: Keeping it in the family
The use of trusts by Australians to hold different assets, including investments in exchange traded funds (ETFs), managed funds, and direct shares, continues to grow. According to the Australian Tax Office (ATO), there are now more than one million trusts operating...
What’s important to you as you get older?
The daily grind of a job working for an over-bearing boss, or is it a family or financial problem, a traumatic life-event, or the fear of getting older can force us to sit down and really think about the meaning of life. Why are we here? What is our purpose? What do...
Investing for a comfortable retirement
As we approach and enter retirement, it's important to ensure our investment strategy is appropriate for our time of life. Our circumstances change over time – even in retirement. For instance, your home may need a new roof, or one of your children may fall ill and...
A super end to the financial year
As the end of the financial year approaches, now is a good time to check your super and see what you could do to boost your retirement nest egg. What’s more, you could potentially reduce your tax bill at the same time. There are a handful of positive changes to super...
Protecting your home. What to look for when comparing policies
It’s tempting to put price above everything else when choosing insurance for your property. However, whether you’ve just taken out a new mortgage or are hunting for a better deal, making sure you have enough of the right sort of cover is just as important. Here are...