How A Guarantor Can Help You Secure Finance

When you’re desperately trying to save up a deposit for a home and just see the prices of property climbing and climbing, it’s difficult to remain patient. But there is another way: a guarantor can help. If you don’t have a substantial deposit for a home loan, there are still a number of ways to … Read more

Understanding home downsizing and super contributions

By Tony Kaye, Senior Personal Finance Writer, Vanguard Australia The Federal Government announced in the May Budget that it is widening the scope of the scheme allowing eligible Australians to sell their home and put extra money into their superannuation. First introduced in the 2018-19 financial year, the “downsizer measure” has provided an opportunity for … Read more

Understanding tax deductions

Understanding exactly how much of what you spend is tax deductible is crucial for understanding what you can spend on your business (and when).  People often fall into the trap of thinking that spending a dollar on tax deductible expenses or assets will save a dollar in tax. But the tax man isn’t that generous. In fact, … Read more

New financial year rings in some super changes

As the new financial year gets underway, there are some big changes to superannuation that could increase your retirement savings.  Some, like the rise in the Superannuation Guarantee (SG), will happen automatically so you won’t need to do a thing. Others, like higher contribution caps, may require some planning to get the full benefit. Whether … Read more

Too loyal or time-poor for a better rate? Problem solved

Another month, another rate cut. Finance can be so tedious. That is until you realise it could mean more money in your pocket. But how? For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket. And for their trouble, or lack thereof, these people are often … Read more