Predictions abound that Australian house prices will collapse, causing a banking crisis and economy-wide recession. Of course, forecasts of an impending calamity in Australian housing are nothing new...
People often think they have a very clear idea of what they want to achieve with their estate plan and they usually think it will be straight-forward. But that's not always the case. Consider these examples of mistakes which can be unintentionally costly for beneficiaries.
Aged 65+ and downsizing? New rule could save you tax.
From 1 July 2018, people aged 65 and over will be able to sell their main residence and then make a ‘downsizer’ contribution into superannuation of up to $300,000 (each) from the sale proceeds of their main residence.
Why insuring your ability to earn an income can be a prudent strategy
Not many people risk being uninsured when it comes to their car or home. But many choose to not insure their most valuable asset – that is, their ability to earn an income. This is despite the fact that most people will earn a fortune between now and when they retire.