Category: general-advice-and-information

Retirement is a significant milestone in life that often comes with a shift in income and expenses. As retirees transition from earning a steady paycheck to living off savings, pensions, and social security, it becomes crucial to establish effective budgeting strategies to ensure financial stability during the golden years. While the thought of managing finances…

Retiring early is a dream for many, but with smart financial planning, it can become a reality. By making strategic decisions and setting achievable goals, you can pave the way for an early retirement that allows you to enjoy your golden years to the fullest. In this article, we will explore some key strategies and…

Retirement is a significant milestone in one’s life that requires careful planning and preparation. One of the key aspects of retirement planning is determining your ideal retirement savings goal. This goal will serve as a target for how much money you will need to sustain your desired lifestyle during retirement. While the thought of calculating…

Employment breaks can have a significant impact on retirement savings, causing individuals to fall behind on their financial goals. Whether it’s due to taking time off to raise children, pursue further education, or deal with health issues, these breaks can disrupt the consistent saving and investing needed to build a secure retirement fund. However, all…

Saving money is a crucial aspect of financial planning for individuals and families. One popular method of saving is through a Super Saver Scheme. This scheme is designed to help individuals save money consistently over a period of time while also offering attractive benefits. In this article, we will delve into the details of what…

As professionals, we should always strive to enhance our skills and knowledge in order to stay competitive in today’s rapidly evolving job market. Whether you are looking to advance in your current role, switch careers, or simply expand your skill set, continuous learning and skill development are key to achieving your goals. In this article,…

Dealing with a serious medical condition can be emotionally and financially draining. In some cases, individuals may need access to their superannuation funds earlier than Retirement Age to cover medical expenses or loss of income due to their condition. Fortunately, there is a provision for Early Release of Superannuation on compassionate grounds, including medical reasons.…

Insurance is a valuable financial tool that provides a safety net for individuals in the event they are unable to work due to illness or injury. It offers a regular income to replace lost earnings during the period of incapacity, ensuring that policyholders can meet their financial obligations during a challenging time. However, what happens…

Assessing the sufficiency of your Total and Permanent Disability (TPD) insurance cover is crucial to ensure that you have adequate protection in the event of a debilitating injury or illness. TPD cover provides financial support if you are unable to work again due to a permanent disability, offering a lump sum payment to help cover…

Life insurance payouts from superannuation can be a complex topic, especially when it comes to understanding how they are taxed. When someone passes away and their life insurance policy held within their superannuation fund pays out, there are specific rules and regulations that dictate how these funds are treated for tax purposes. In this article,…