Morningstar's International Women's Day event brought together a property expert and a financial wellness expert to discuss the best ways to increase financial security. For International Women’s Day, Morningstar brought together leading experts Kitty Parker, an award-winning buyers' agent, and Betsy Westcott, a financial wellness coach. Kitty and Betsy shared their expertise on some of the main financial challenges facing Aussies. They covered homeownership, investing and financial security.
Read MoreA new report suggests most Australians want to share their wealth with the next generation but are unsure of the best ways to do it.
Read MoreRecent updates to the Federal Budget have favourably impacted contribution rules for superannuation, which come into effect from 1 July 2022, as part the implementation of the Federal Government’s superannuation reform.
Read MoreTreasurer Josh Frydenberg delivered the 2021-22 federal budget on Tuesday evening, March 29, outlining a number of key measures.The Treasurer revealed a $78 billion deficit (3.4 per cent of GDP), down from a $79.8 billion deficit the year before. "Over the next three years, this will more than halve to 1.6 per cent," he said. He confirmed that net debt as a share of the economy will peak at 33.1 per cent at 30 June 2026, significantly lower than the forecast last year.
Read MoreThe 2021 Budget can be summarised in one line – as a great budget for superannuation. The Budget sets out major beneficial changes for superannuation covering both contributions, legacy superannuation products, first home super saver scheme and residency issues for SMSFs.
Read MoreWith a ‘Blue Wave’ scenario now largely a reality, it is anticipated that additional fiscal stimulus will be the priority in the near term – with expectations of anywhere from $600 billion to $1 trillion in pandemic relief on top of the recently enacted $900 billion package. Tax increases to finance additional spending are also likely to follow later on.
Read MoreA general rule of thumb is that when you retire, you will need about 2/3 of your current income to be able to comfortably make ends meet. Will your current super arrangements meet this requirement, or will you need to make extra payments or consider other investment options?
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