Knowing exactly what deductions apply to travel expenses can save a heap of hassle at tax time. The Australian Taxation Office (ATO) has released a new ruling that clarifies what expenses employees can deduct for work-related travel. The new ruling, Income tax: When are deductions allowed for employees’ transport expenses? was released this week, bringing together and … Read more
Exit and early termination fees can put the brakes on plans to sell, to refinance, and to renovate or purchase an investment property. Here’s how to avoid them from the start. Fees charged for the early repayment of variable-rate loans were phased out by government reforms in 2011. However, fixed-rate loans may still carry these … Read more
By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia How much investment risk are you willing to take? If you’ve ever used a financial adviser, it’s one of the first questions you’ll be asked when establishing your overall investment strategy. Because your tolerance for risk will ultimately determine the types of assets an adviser will … Read more
Savings accounts help your money grow faster by offering a higher interest rate than everyday transaction accounts. Get the highest interest on your savings Savings accounts usually earn more interest than other accounts. They’re usually online, and don’t have a debit card, so it’s not as easy to dip into your money. Higher interest rate … Read more
This reporting season was one of the most positive we’ve seen in years, with Australian companies across many sectors delivering strong growth, despite the challenges of the Covid pandemic. For equity markets, the ‘valuation reality check-up’ cycle looks to have kicked-off, a theme which is likely to dominate for much of 2021. Bond market observers … Read more
By Richard Dinham, Head of Client Solutions and Retirement For many, the word ‘retirement’ is associated with the idea of extended holidays to far-flung locations or spending quality time with grandchildren. And while the new-found status of “retiree” sits well with some, for others it’s a different story. It all depends on how smoothly the … Read more
Keeping all your super in one place is a smart move. In this article, we’ll look at the case to consolidate. Why you should consolidate your super Around 40% of us have more than one super account1 – this is usually a result of starting a new job. In fact, Aussies hold at least $14 … Read more
After spending your working life building retirement savings, you may be reluctant to eat into your “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health costs later in life. But this cautious approach also means retirees are living … Read more
While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one. The good news is that applying for commercial finance through a bank is far from … Read more
