This month’s newsletter begins with a discussion around retirement and key considerations in terms of housing and homeownership. Our animation illustrates the finer details of contributing to super via non-concessional contributions. The Australian Prudential Regulation Authority (APRA) recently announced changes to both home loan serviceability for new borrowers and income protection insurance products—we provide coverage of these changes. For some high-income earners, an additional 15% contributions tax (Division 293 tax) may apply on some or all of their concessional contributions—we outline the main points surrounding this tax. We also share an insightful National Geographic video, which showcases the powerful impact that positive reinforcement can have on us when confronted with completing a task.
Lastly, Vanessa Stoykov’s latest financial education piece looks at how having children can profoundly alter our priorities, and subsequently change our approach to long-term planning.
Housing (homeownership) is a key factor influencing retirement outcomes—not just financially speaking. In this article, we discuss retirement and several things to consider with regard to housing.
APRA supervises institutions and promotes financial system stability. In this article, we discuss APRA’s new guidance and direction on home loan serviceability and income protection insurance.
When it comes to tax on concessional contributions, some high-income earners may have to pay an additional 15% tax (Division 293 tax). In this article, we provide a brief overview of Division 293 tax.
Vanessa Stoykov is a renowned Australian money educator. In this special financial education piece, Vanessa shares how children can alter our priorities and change our approach to long-term planning