Saving for the retirement is not a child’s play. You got to make your incomes straight for the last 30-40 years of your life where your salary does not exist. People are seen saving 5% to 7% of the salary for their retirement. Given the inflation and the change in the tax structures, it is essential to save about 10% of the salary. Continue reading
Everybody pays bills, and everyone knows that they come as a burden. Sometime, too many bills gather in your mail and you find yourself unable to pay them all. What should someone expect from unpaid bills? There are several ways in which the companies force you to pay the bills back, either through debt collectors or by extra taxes that add to the initial sum. Continue reading
There are only a few weeks before June 30th and if you need a few strategies to increase your tax savings, then you are reading the right article.
If you are able to adjust your income to be less than 48,516 dollars, then, you can make an after-tax super contribution for government payment. For each dollar you put, the government would add 50 cents to your super to the maximum of 500 dollars. Continue reading
One of the most important sector of finance in the Australia is Mortgage. This industry is vital aspect of the financial sector. Mostly, banks, pension funds, mortgage concerns, credit unions, insurance companies and societies provide loans. Generally, two types of mortgages are available, when it comes to rates, i.e. variable rate (where rate differs at the choice of the loan provider) and standard rate (where the loan is provided at a particular standard rate). Continue reading
Being a responsible citizen of the country, it is very important for you to understand the need to file tax returns every year on or before the stipulated due date. While many people might feel that filing tax returns is a very complex and messy affair, it is not actually so, provided you know how to go about it. However, it is important for you to have a clear idea as to how to go about the entire job of filing taxes. Here are few important and useful tips that could be very useful. Continue reading
When you find attractive low rates offered by another lender, you can try switching to the new lender. However, you need to look into the exit fee charged by present mortgager. You also need to know how much the new mortgager will charge for arrangement, valuation and legal charges.
To compete with the “Best Buy” offers, some lenders keep interest rates low and jack up the arrangement fee. Whereas, some lenders claim to offer free valuation and legal fees but keep the interest, on higher side. Continue reading
Are you planning to buy a new house or to change the current mortgage? Every year, thousands of mortgage applications get rejected for varying reasons. If you are planning to apply for a mortgage any sooner, make sure to read the following points to increase the probability of your application approval. Continue reading
There is no doubt that the economy is looking up again and hence, quite a few investors in the real estate industry are flocking back to the real estate market again. Apart from some green shoots being seen here and there, there is also the advantage of low interests which also is helping these professionals to try their hand in the real estate industry. However, getting finance on your property, investment or even rental real estate is quite challenging and there are quite a few important points which need to be taken into account. Let us try and find out the various ways by which one can raise finance on various types of properties. Continue reading
How long do you think your pension pot would last? What would happen if you outlive your pension pot? According to the last month’s budget, after reaching the age of 55, the individual gets access to his pension pot. The problem is that you cannot determine how long a person would live. You cannot get a closer or approximate value too. Continue reading
One of the best ways to invest money is to buy a house. However, one cannot afford to spend all his money on a house. With banks reducing the mortgage constraints and reducing the home loan rates to less than 5%, it is very tempting to buy a house. Though the house value is increasing constantly, it is important to have a limit on expenditure. (on how much to spend). The house might be the biggest investment that a person makes in his lifetime and it is important to be smart in this investment. Continue reading