Holidays and gift giving can leave you a little short of cash so it might be cheering to learn that billions of dollars is being held by various government agencies just waiting to be claimed by the rightful owners. The biggest pot is lost superannuation. The Australian Taxation Office (ATO) is holding more than $17.8 … Read more
Although the day may be a long way off, when it comes to exiting your business, the golden rule is to start planning early. With a detailed succession plan in place, you are the one who gets to decide how – and when – you leave your business. You also need to ensure the viability … Read more
About 36% of homeowners still have a mortgage when they retire, up from 23% a decade ago. This increase in mortgage debt is due to soaring property prices, changes in retirement ages and easy access to drawdown equity loans (where you use your home as security to get a loan, which can be used to … Read more
If you are considering disposing of a property, it’s important to understand the implications so that there are no surprises when your tax bill arrives. As with most investment assets, when you dispose of an investment property generally you are liable for capital gains tax. Capital gains tax (CGT) is levied when you make a … Read more
The end of a relationship is never easy, but there are steps you can take to help things run more smoothly. If you’re in crisis or struggling to make ends meet, see urgent help with money. You can get help with food, housing and bills, as well as emotional support. First steps when you separate … Read more
