Since precautionary measures were heightened to slow the spread of COVID19, almost 1 million Australians have lost their jobs. According to the Australian Bureau of Statistics, Australia lost 7.5% of its jobs between 14 March and 18 April. If you’re one of the many Australians who has lost their job, it’s understandable that you may…
So, you are seriously starting to think about your retirement. The kids are finally more independent, the mortgage is less than it was, and the super is more than it was.
Who wants to save tax? Most investors and business owners are aware that the interest paid on an investment loan is generally tax deductible. These deductions can be maximised by prepaying the interest on the loan.
Over the past 30 years, Australians’ household debt has increased. According to the Reserve Bank of Australia, our household debt-to-income ratio has risen from 70 percent in the early 1990s to around 190 percent today.
If you have lost your job or are running out of money then accessing your super early may be tempting, but it’s important to understand the potential risks before you take that step.