As you approach retirement, it’s important to understand how to access your superannuation. If you’re looking to retire this year – or are in the planning stages – here’s a list of frequently asked questions. When can I access my superannuation? Australian legislation sets out specific conditions – known as conditions of release – that […]
HIN and SRN – What’s the difference? (and why it helps to know if you sell shares)
First, let me preface this by saying that including ‘HIN’ and ‘SRN’ in your blog post does not make for a catchy title, but you’d be surprised how many people ask me about these. So if you don’t know what they are, or how they’re different, then read on. Purchasing shares through an online broker […]
Get set for the new year
Financial goals are topping the list for many Australians this time of year, but whatever your goals or new year resolutions, here are some practical tips to get you started and maintain the momentum. 1. Let the big resolutions inspire you but start with what’s reasonable Thinking up a ‘reasonable’ resolution may not sound as […]
Beware of scams this festive season
iPhones, tablets and online shopping are conveniences many people now take for granted, but they’ve also made their users more prone to scams. Scams are dishonest or fraudulent schemes that often prey on people’s good intentions. And they’re prevalent this time of year. Around 1 in 3 scams in Australia still go unreported. – That’s […]
Court confirms no tax on gifts (even if it’s $33 million)
You’re likely in the spirit of giving this Christmas, but how’s this for generosity … Graziella Leong, an elderly supermarket matriarch in Vanuatu sent her Australia-based brother nearly $33 million in gifts over 10 years. Australia’s tax office claimed the money was “income” and wanted its cut, but a federal court judge has found […]