Changed to pension drawdown and deeming rates

Changed to pension drawdown and deeming rates

The Australian Federal Government has proposed two key measures to help retirees and those receiving income support to manage the financial impact of COVID-19. 1. Lower minimum pension drawdown rates The government has announced a 50% reduction in the minimum income...
Make the most of record-low interest rates

Make the most of record-low interest rates

The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest. Why did the...
NEW FINANCIAL YEAR

NEW FINANCIAL YEAR

Are You Ready For The New Financial Year?  Take control of your finances this year: If you set yourself money goals at the start of 2019, the upcoming new financial year is a great time to check if you’re on track. And if you didn’t set any goals – or if you have...