The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer.
Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying the “work test”.
It is not uncommon for professional people who provide services to set up a separate entity to run their business, be it a trust, partnership or incorporated company.
Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement.
A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super.
Financially speaking there’s a lot going on. Superannuation and aged care pension rules have changed.
A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain.
As a son or daughter, you may be faced with handling the financial affairs of those you love as they grow old.
It is highly recommended that you keep receipts for all expenses and possible tax deductions you are considering claiming for you or your business.
If you are relying on your Will to protect all of your financial interests, you may be surprised to learn that a Will only covers your personal assets.
Everyone wants to pay less on their mortgage, and refinancing is one strategy to help lower your interest rates – but is it worth it?
We have seen some significant changes of late regarding the way in which banks are approaching their lending practices.
Motivationally speaking, there’s not much that beats a financial reward. It is generally accepted that business owners are the most driven to see their business succeed, however many companies are incentivising and rewarding staff by giving them a real stake in the enterprise through owning shares in the business.
A buy-sell agreement protects your business against the unexpected exit of yourself or your business partner.
With winter here, now is the perfect time to make improvements around your home and get your property in tiptop shape. Here are some ideas for the to-do list.
Large numbers of Australians could find themselves struggling not only with emotional distress, but also with the financial challenges associated with the major life events, according to a recent report.
From 1 July 2018 the Government will increase the top threshold for the 32.5% marginal tax rate bracket from $87,000 to $90,000.
The days of a lax approach to valuations are over. While there is not always the need to employ a qualified independent valuer for each valuation, there are important circumstances where it is mandated, and others where it is recommended.
As in most developed countries, Australia’s population is ageing as a result of increasing life expectancy and sustained low fertility. This has resulted in a larger proportion of those aged 65 and over in the population and proportionally fewer children (under 15).
ADX can help with your home loan and your business loan. There are several types of commercial and asset finance, so make sure you know the differences. Then you can decide which one will suit you.
Every investor goes in with dreams of a pot of gold, but there is a fundamental difference between investor types – one looks to line their pockets with investment returns along the way, and the other has the patience to wait until the end of the rainbow to reap the rewards.
Business owners of private companies often borrow money from their own companies for all sorts of reasons. However, there is an area of the tax law that seeks to sanction against situations in which private companies dole out money to those within a business, in a form other than salary or dividends, which needs to be understood by business owners. This is known as Division 7A.
Buying property off the plan is exciting as it means you get to own a brand-new home, but make sure you know what’s involved. Start by asking these five questions:
The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.
After waiting for what seems like an eternity, the government has finally put to Parliament its proposed legislation around two of its proposed schemes.
It goes without saying that every parent wants the best for their children. For most if not all of us, this means we believe their education is a priority. But the cost of education is one of the greatest expenses a family will face and you need to be prepared.
It’s not quite Christmas time yet, but most businesses will be in the process of thinking about the yuletide festivities, if not already into well-advanced planning.