Monthly Archives: May 2017
Seniors’ reprieve as budget restores concession cards for 100,000
On January 1, Centrelink reduced the maximum assets retirees could hold and be eligible for the age pension. This cut resulted in a large proportion of retirees having their pension concession cards canceled, removing their discounts for healthcare and some goods and services. However, from the recent federal budget,...
Written for the Australian – Super saver scheme offers small leg-up on to the property ladder
In the recent federal budget, a new scheme was announced which could assist younger Australians in purchasing a home, beginning July 1st. The first home super-saver scheme allows first home buyers to sacrifice up to $15,000 per year of their wages into superannuation, which can accumulate up to $30,000...
ETF and managed funds – Which is better?
Mutual funds and exchange-traded funds (ETF) are both investment vehicles involving indirect access to the stock market.
The main difference between the two is the way they can be accessed. ETFs are traded in the stock market just like a normal individual stock. This means it has its own ticker and...