Category: general-advice-and-information

Fixed income investments are a popular choice for investors looking for a more stable and predictable source of income. These investments include bonds, certificates of deposit (CDs), money market funds, and other debt securities that pay a fixed rate of return over a set period of time. In this article, we will explore the world…

Having multiple superannuation accounts is a common scenario for many working individuals in Australia. Whether it’s due to changing jobs frequently or simply not consolidating accounts, it’s important to understand the implications of having more than one super account. In this article, we will explore the question: Can I Have Two Super Accounts? Understanding Superannuation…

The Low Income Superannuation Tax Offset (LISTO) is a government initiative aimed at helping low-income earners save for their retirement by reducing the tax they pay on their superannuation contributions. This offset was introduced to ensure that low-income earners are not disadvantaged when it comes to building their retirement savings. What is LISTO? The LISTO…

Owning your first home is a significant milestone that many people aspire to achieve. However, the process of saving up for a deposit and navigating the complexities of the property market can be daunting, especially for young individuals or families. In an effort to make homeownership more accessible, the Australian government introduced the First Home…

Having multiple super accounts is a common scenario for many individuals in Australia. With people changing jobs more frequently and employers defaulting to set up a new super account for each employee, it’s easy to end up with multiple accounts. But is it a good idea to have multiple super accounts? In this article, we…

The First Home Owners Super Saver Scheme (FHSSS) is a government initiative aimed at helping first-time home buyers save money for their first home through their superannuation fund. This scheme allows individuals to make voluntary contributions to their superannuation, which can later be withdrawn to purchase their first home. The FHSSS was introduced to alleviate…

Buying your first home is an exciting milestone that many individuals dream of accomplishing. As a first-time homebuyer, you may feel overwhelmed by the process and unsure of where to begin. However, with the right guidance and resources, becoming a “Super First Home Buyer” is within reach. In this article, we will explore what it…

Consolidating your super accounts can be a smart financial move that can help you save on fees and make managing your retirement savings easier. However, many people wonder if it’s possible to merge their super accounts. The short answer is yes, you can merge super accounts, but there are some important considerations to keep in…

In the world of superannuation, it is not uncommon for individuals to end up with multiple super accounts. This can happen for a variety of reasons, such as changing jobs frequently, not actively consolidating accounts, or simply not keeping track of all the accounts opened over the years. While having multiple super accounts may not…

Life insurance within superannuation, commonly referred to as ‘life insurance in super’, is a valuable financial product that provides individuals with protection and peace of mind. In Australia, superannuation funds often offer life insurance as part of their package to members, ensuring that they and their loved ones are financially secure in the event of…