An amount payable to a member of a super fund is taken to be unclaimed super when the money can be withdrawn from the fund due to eligibility requirements but the super fund has been unable to contact the member. Note: this is different to lost super where members lose track of their super funds [...]
Employers are required to make regular superannuation contributions for any employee earning at least $450 per month. While employees can nominate their preferred super fund, many opt for the employers default fund. By changing jobs this can lead to the common situation of having multiple active super funds with each one having their own set [...]
Getting started with share trading can be daunting for the uninitiated, particularly when you may already own shares that you didn’t buy in the first place whether it be through an inheritance or employer sponsored share schemes. The process of selling shares can be surprisingly easy, but there are points to consider such as timing [...]
Your investment portfolio refers to the types of investments your total financial assets are invested in. For many people, their largest lifestyle asset is their family home, and their largest investment asset is their superannuation or investment property. They may also have other savings in shares, term deposits and bank accounts.
We all love great deals but they are not always easy to find and even then, can end up being more expensive or even a scam. Being a good consumer, getting a good deal and avoiding scams is about attitude and discipline. Whether you’re wanting a home loan, a credit card or a major purchase [...]
The information you report on each year’s tax return is based on the previous year. As such there is little that can be done to improve the situation. However, by planning for the year ahead you can make adjustments now to avoid common mistakes and take advantage of taxation benefits to lower your tax burden [...]