How to Lend Money to Your Kids Safely
Intergenerational Financial Planning
A Simple Guide to Super Beneficiaries
When Is the Best Time to Retire and How?
When Mum and Dad are Bankers As Well
With property prices still out of reach for many first home buyers, more Australian parents are stepping in to help with a deposit. But money handed over without clear terms is usually treated as a gift, which can leave your own savings exposed if your child’s relationship ends or their finances take a turn. This guide explains why a properly documented loan can offer better protection, what courts look for, and what to check with lenders, lawyers and advisers before you transfer a cent.
When you think about your superannuation, you probably focus on growing it for retirement. But have you considered what happens to it if you pass away? It’s a common myth that your super is automatically covered by your Will. In most cases, it isn’t. Your super is held in a trust, and the fund's trustee is responsible for paying it out. To ensure your money goes to the right people, you need to give the trustee clear instructions. This is done by nominating a beneficiary. Let's look at the fundamentals.
Deciding when to retire is one of the most significant financial decisions you'll make. The right time to retire varies for everyone, influenced by personal circumstances, financial readiness, and lifestyle goals. Here, we'll explore key considerations for determining the best time to retire and how to prepare for a comfortable and fulfilling retirement.
Recent estimates claim that the ‘Bank of Mum and Dad’ is Australia’s ninth largest lender. Given the state of house prices, this comes as no surprise. Most parents want to help their kids, especially with something as important as buying a home. But it is important that things be done correctly. There is such a thing as ‘the wrong way to help’ when it comes to one generation trying to help another.