Category: general-advice-and-information

The First Home Super Saver Scheme (FHSS) is a government initiative in Australia that aims to help first-time home buyers save money for their first home through their superannuation fund. This scheme allows individuals to make voluntary contributions into their super fund, which can later be withdrawn to purchase a home. The FHSS was introduced…

The First Home Super Scheme is a government initiative aimed at helping first-time home buyers save for a home deposit through their superannuation fund. This scheme allows individuals to make voluntary contributions to their superannuation, which can later be withdrawn for the purpose of purchasing their first home. In this article, we will delve into…

Superannuation funds are always looking for new investment opportunities to maximize returns for their members. In recent years, cryptocurrency has gained significant attention as a potential investment avenue. The question on many investors’ minds is whether superannuation funds will adopt more cryptocurrency investments in the near future. The Current State of Cryptocurrency Investments in Superannuation…

Combining super accounts is a smart financial move that can help you simplify your retirement savings and potentially save on fees. Many people end up with multiple super accounts over the course of their working life, often as a result of changing jobs. Having multiple accounts means paying multiple sets of fees, which can eat…

Aged care planning is a crucial aspect of preparing for the future, ensuring that you or your loved ones receive the care and support needed as they age. However, one common concern that many individuals face when it comes to aged care planning is the presence of hidden costs. These hidden costs can often catch…

As our population ages, the need for long-term care, particularly for individuals with dementia, is becoming increasingly prevalent. Planning for the financial aspect of dementia or long-term care needs is crucial to ensure that individuals and their families are adequately prepared for the potential costs involved. In this article, we will explore some key strategies…

Aging is a natural part of life, and as we grow older, the need for proper care and planning becomes increasingly important. Whether you are considering your own future care needs or helping a loved one navigate the complexities of aging, having a well-thought-out aged care planning strategy in place is essential. In this article,…

The Super First Home Buyer Scheme is a government initiative aimed at helping first-time homebuyers enter the property market. This scheme provides eligible individuals with a boost to their savings for a home deposit through voluntary contributions to their superannuation fund. By saving for a home deposit through their superannuation, first home buyers can take…

Retirement is a significant milestone in every individual’s life. It marks the end of one’s working years and the beginning of a new chapter filled with relaxation, travel, and pursuing hobbies. However, as people are living longer and healthier lives, the question of when to retire and how much to save for retirement has become…

Owning a home is a dream for many, but saving up for your first home can be a daunting task. With rising property prices and the cost of living constantly on the rise, it can feel overwhelming to think about how to save enough for that down payment. However, there is a solution that can…