Financial Planning articles
How Do Life Insurance Companies Calculate Premiums?
For Australians, the cost of the premium is the most significant factor when deciding which life insurance policy to buy. Product features, claims reputation, and service reliability are the other criteria people look for after the premium cost.
Insurers, on the other hand, look at the following main factors in calculating...
What is staking?
Usually, if you don’t have a large capital to buy computing rigs designed for crypto mining, you have almost no chance of being profitable in mining cryptocurrency.
However, through staking, earning digital coins through minting is more equitable and rewarding.
What is Staking?
Staking is said to be the cheaper and less resource-intensive...
Which Life Insurances Are Paid Tax-Free?
Life insurance policies can save you from financial trouble during emergency situations. They can cover the expenses arising from unexpected events, keeping you from worrying about where to get money in an instant. If you don’t have enough savings in your bank account, life insurance policies can be your lifesaver.
Life...
How Many People Can Be Included in an SMSF?
Self-managed super funds (SMSF) is the perfect option to pursue your retirement goals. How it’s run should reflect on your current financial situation.
If you’re on solo-flight in running an SMSF, you’re one of the 23% of Australians that do this. An SMSF run by two people belongs to the majority...
Tech Sector ETFs Available on the ASX
Exchange-traded funds (ETFs) provide access to shares from companies worldwide. They can be traded like any ordinary stock in the ASX. But unlike trading specific stocks, each unit of ETF is equivalent to a pool of diversified securities.
Technology ETFs are popular because of the continuous growth of the tech landscape,...
Claiming Property Depreciation On Existing Property
Tax deductions can be claimed even on existing property bought from another owner. But what is property depreciation and why is it worthwhile to include when filing for annual taxes?
What is Property Depreciation?
Property depreciation is a kind of tax break that enables investors to offset the decline in value of...
How A Depreciation Schedule Helps Investment Property Owners
Among the available tax deductions for property investors, property depreciation is one of the most underappreciated. Not many know the huge savings they can get from annually filing their depreciation schedules with the help of a Quantity Surveyor.
What is Property Depreciation Deduction?
Property depreciation is a tax deduction designed to offset...
How Much Can You Put Tax-Free in Your Pension
To know how much you can put into your retirement fund free of taxes, you must understand that your contributions go through two phases: the accumulation and the retirement phases.
The accumulation phase is simply defined as the period when you’re putting money into your super for retirement. During this phase,...
The Difference Between an RSU and a Stock Option
Employers often offer two types of incentives to make their employees stay with the company for a longer period: stock options and RSUs.
What is a Stock Option?
A stock option (aka employee share option) represents an employee’s right to purchase in the future a pre-determined number of common shares at an...
Buying a Property Through Super Loans
SMSFs used to be barred from being tapped for purchasing properties. But recent laws have acknowledged that super funds can be useful in achieving the target asset growth required to have a peaceful retirement.
Requirements and Criteria for Lending
Self-managed superannuation funds (SMSF) can be used to purchase properties at better rates....