What are managed funds? You’ve probably heard friends or family say they have invested in managed funds, but what are these, how do they work and are they right for you? What is a managed fund? A managed fund is run by a professional fund manager, who pools together money from individual investors to invest in assets. There are many types of managed funds. Each will have a specific investment objective, usually focused on different asset …
Get social to boost your savings Want to get on the fast-track to your financial goals? Partner with a money buddy or join a support group and you could find yourself saving more and getting closer to your goals. When you’re making a firm commitment to boosting your savings, getting help doesn’t have to mean cutting up your credit card or keeping away from shopping malls. With support and encouragement from your financial allies, you could …
New rules to benefit those downsizing for retirement Downsizers can now make an after-tax contribution to their super of up to $300,000, using the proceeds from the sale of their main residence. Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale of their main residence (up to $300,000) into super1. We take a look at what this could mean for you, bearing in mind that like with …
What are the benefits of a split home loan? If you can’t decide between a fixed or variable rate, a split rate home loan could provide the best of both worlds. If you’re about to take out a home loan and are looking for some protection against interest rate rises, a fixed rate home loan may sound like the loan for you. On the other hand, if you don’t want to miss out on the benefits of …
