Financial Planning articles
Basics of the New 5-Year Concessional Contribution Catch-Up Rules
This new rule can be a bit confusing to some, but it’s really simple and it offers a lot of advantage to those who want to maximize their concessional contributions toward their super.
Concessional contribution is the amount you put into your super before any tax is applied. This includes your...
Basics of the $1.6 Million Super Balance Transfer Cap
The government’s proposed changes in the way superannuation funds are handled have sowed confusion even among financially savvy people. This move was their solution to their growing concern that the government is losing a good amount of tax revenue from the previous system. There’s also reason to believe that some...
Investment in Focus: Buying US Tech Stocks Listed in the ASX
Technology is everywhere and it’s obvious how innovations have affected our lives. Look at where Microsoft, Apple, and Facebook has gotten us compared to where the world was 10, 20, or 30 years ago.
Also, look at how big these companies have become in a span of a few years. You...
Why Choose A High Interest Online Savings Account?
Stashing your money in the bank and waiting for it to grow with the standard interest rate is the usual path for growing your account. However, it will take a very long time before you see it bear fruits. But with the option to invest your money in a high-interest...
Should You Take a Lump Sum or an Income Stream for Life?
Retiring and having the time to enjoy everything you’ve worked hard for is a wonderful thought. Upon retirement, you’ll be faced with the question of whether to take your pension as a lump sum or receive a regular income for more steady cash flow.
Whether you take a lump sum or...
Transferring UK Pensions to Australia
When a person decides to leave the UK for good, they have two options on what to do with their pension funds. One is to leave it as it is under the care of a UK pension provider. The other option which members often choose is to transfer the funds...
Transferring Your 401k and IRA Pension Funds to an Australian Super
The process for retiring in your own country and filing the documents needed to receive pension is quite easy and convenient. However, it might be a bit more complicated if you plan to retire in Australia and have your hard-earned money transferred into a super account.
The Process
Australian expats and U.S....Do you have a reversionary beneficiary in place for your super account?
Life is full of uncertainties and having your family protected in case you leave can be enough to give you peace of mind. Ensuring you have a beneficiary nominated for your reversionary pension is one of the prime examples of caring for your family even after you’re long gone.
What is...
Property Market Update: House Prices in Sydney over the Past 12 Months
According to one of the major credit rating firms, Australia might have to face the biggest price declines on properties this year. Prices have been in a decline for a good 18 months already but it looks like things aren’t stopping there. The country’s housing market has been in a...
Stock Options and RSUs – What’s the difference?
Organizations often offer various incentives to employees to encourage them to increase their output or stay longer to serve the company. In addition to salary increases, companies may offer stock options or restricted stock units (RSU) to deserving employees.
But what’s the difference between the two? Which one is better?
Here’s a...