Entries by The Webmaster

When is the best time to refinance your home loan?

When is the best time to refinance your home loan? As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to […]

Superannuation scams – Scammers who want your super

An offer to help you get your superannuation money early might seem like a great idea. But if you agree to it you could end up in a lot of trouble. Accessing your super before age 55 (at the earliest) is illegal except in very limited circumstances. Here we explain how super scams operate so you […]

Ponzi Schemes – Dividends but no real investment

One of the simplest yet most effective investment scams is the ponzi scheme. The promoter promises investors a return on investment and says it is secure, but there is no real ‘investment’. The promoter convinces people to invest with their scheme. They then use the money deposited by early investors to pay the first ‘dividend’ […]

Understanding insurance: Protect what’s most important to you

Should something ever happen to you, personal insurance is there to provide financial security for you and your family. Find out about the insurance options available and some of the things you should think about when it comes to protecting what’s most important to you. Choosing the right insurance Choosing the right type and the right amount […]

What kind of money parent are you?

Many parents approach the topic of money differently, but could your way of doing things influence your kids’ success? The majority of Aussie mums and dads recognise that they’re accountable when it comes to shaping their children’s perspective around money matters. A recent report published by the Financial Planning Association of Australia (FPA), revealed parents […]

2019-20 Federal Budget roundup

Grow My Wealth | 03 April 2019 Find out how the measures announced in the 2019-20 Federal Budget could affect you Federal Treasurer Josh Frydenberg has handed down the Morrison Government’s first Federal Budget. Among the proposed changes were personal income tax cuts and changes to super rules. Read on for a round-up of the […]

Payment demanded by gift card? It’s a scam

Gift cards are increasingly the payment method of choice for scammers. Scamwatch reports show more than $5 million was lost in 2018, a 38 per cent increase compared with 2017. iTunes cards accounted for $3.1 million in losses — a 156 per cent increase from the $1.23 million reported in 2017. However Scamwatch has also […]

Dividends, franking credits and retirement income goals

By Jeff Rogers Previous Chief Investment Officer, ipac (retired)   The Labor Party’s proposal to eliminate cash refunds for excess franking credits continues to generate lots of discussion by self-funded retirees and members of self-managed super funds (SMSFs) even after some refinements that narrow its impact. The stated policy intention is to broaden the tax […]

How to avoid some of the credit card traps

By Noel Whittaker | 15 March 2019 See why credit cards can create issues for travelers, families and retirees alike. Love them or hate them, the fact remains that credit cards are a necessity for most people. You can hardly book accommodation, airfares or a rental car without them and they take the worry out […]

5 REASONS WHY SMALL BUSINESSES FAIL

By Flying Solo contributor John Refalo For many people starting a business is a dream but, at the same time, a significant risk when not done properly. While we see a number of clients citing issues with the Tax Office as the catalyst for problems that upend them, there’s many reasons why a business can fail. Let’s […]