Financial Planning articles
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...
How to get tax deductions on car expenses
Car expense deductions are one of the most commonly filed claims by individuals according to the Australia Tax Office (ATO).
If you own, hire, or lease a car, you may be eligible for claiming tax deductions. If you borrowed a friend’s vehicle for business purposes, you may still file for car...
Novated lease vs chattel mortgage – which one is for you?
Novated lease and chattel mortgage are two different options individual customers and businesses can look into if they’re planning to acquire a vehicle. Each has their own advantages and payment schemes one should take into consideration.
For businesses, it’s important to understand how each option can affect the company’s balance sheet,...
UK pensioners over 55 years of age can transfer their funds to Australia
The UK gov’t provides an option to transfer their pension funds to another country under the QROPS. This gives UK pensioners more freedom to choose where they want to retire and take their savings with them.
This is also the most suitable option for Australians who worked in the UK and...
Understanding how marginal tax rate works
In general, marginal tax rate refers to the amount of tax that each dollar of income is accounted for. However, to understand how it works, one needs to first, dissect the clause “marginal tax rate”. In many countries, tax operates in a progressive manner, which means the higher the income,...
Differences between Life and Total & Permanent Disability Insurances
What kind of bell does it ring when it comes to insurance? Panhandler, monthly/annual investment which yields no return, illness, injury, or death? As unfortunate as it can be, insurance was seldom a positive connotation and such believe was quite universal.
Written for The Australian Newspaper – How to face a compulsory acquisition of your property
Home loans expected to take a slight bump in 2017
A bit of bad news looming for property buyers: Lenders will be hiking rates by more than 80 basis points for existing property loans and giving lower discounts to new borrowers.
Data from the Australian Bureau of Statistics (ABS) revealed that overall demand for home loans fell slightly this October, just...