When you need a will and who can help
Wills aren’t just for later in life and you should really have one when you start earning. And as money and family matters can be complex, it makes sense to …
Kalpa Wealth Management
How to upsize your super with a tax-free downsizer contribution
Did you know from age 55, you may be eligible to make a super contribution of up to $300,000 using the proceeds from the sale of your home? Downsizing your …
How to budget as interest rates rise
Having a solid budget is crucial to building financial resilience and as rising rates continue to put pressure on household finances, it could help to look at ways to save …
Five facts everyone needs to know about life expectancy
With the life expectancy of Australians increasing over the years, most of us can assume we’re going to live longer than previous generations. But are our expectations on the money, …
Your guide to gearing
There are a number of considerations when it comes to gearing, the investment assets you may choose to gear and the way you structure your debt. A gearing strategy can …
Understanding your investment options
Investing is full of jargon and technical terms that can make getting started or managing your investments seem intimidating. Here are some of the key terms to help you better …
Some recent questions on Australian inflation
Key points The Australian inflation rate peaked in the December quarter but has been slower to decline than some global peers. While interest rate rises are helping to reduce inflation …
How to monitor carried forward concessional contributions
You may be eligible to make concessional contributions that are greater than the annual cap if you haven’t fully used your concessional cap in an earlier year. This could help …
How to help grow your money through compound interest
Earning interest on interest: learn how the power of compounding can send your savings rocketing. Key takeaways Compound interest enables you to earn interest on interest which is accumulated over …
Granny flat arrangements within the context of the gifting rules
There are special rules for granny flat arrangements that may prevent the deprivation rules from applying. However they must satisfy a range of requirements. Retirees wanting to downsize their home …
Economic update
July was a relatively uneventful month in financial markets and volatility remained low. Generally speaking, risk assets continued to perform well despite a sharp increase in the oil price. In …
Are you getting the Age Pension you’re entitled to?
If you receive the Age Pension, recent changes to means testing for retirees could put more money in your pocket. These changes impact the assessment of certain lifetime income streams …
Why do you need superannuation?
When you’re just starting out in the workforce, it’s easy to see superannuation as money that’s not quite yours. After all, if you’re focused on funding your lifestyle and saving …
More super for eligible employees from 1 July 2023
Compulsory super contributions paid by employers went up in July. Here are 8 things you should know, including what it could mean for your take home pay. Super contributions employers …
How to get more from your 2023 tax return with super contributions
We all want to make the most of our tax return each year. Did you know, other than claiming the usual work related expenses, certain super contributions may also be …
15 common sense tips to help manage your finances
Shop around We often shop around to get the best deal when it comes to consumer items but the same should always apply to services we get. It’s a highly …
2022-23 saw investment returns rebound – but is it sustainable?
Key points – After the rough ride of 2021-22, 2022-23 turned out to be a good one for investors as shares rebounded thanks to falling inflation and hopes rates are …
What is the retirement age in Australia?
When will you be ready to retire? There are two important ages you need to consider when thinking about retirement – preservation age when you are eligible to start drawing …
What are the steps to investing?
Want to invest but don’t know where to start? Here are five basic steps for investing. Define your goals Taking the first step on your investment journey may feel daunting. …
Protect yourself against romance scams
Dating and romance scams are very destructive – both financially and emotionally. Don’t let them break your heart or wallet. Stay one step ahead of romance scams with these tips. …