How Australia’s perceptions of wealth are changing in the 2020s

How Australia’s perceptions of wealth are changing in the 2020s For decades, Australians have associated wealth with home ownership. As our country has become more diverse and inclusive, and individual Australians achieve greater freedoms, these ideas are changing. A recent studyi by AMP highlights how our definition of ‘wealthy’ is shifting – and how your bank, super fund and adviser can help you achieve wealth, no matter what that means to you. Home ownership and financial …

Super contribution rules when you’re in your 60s and 70s

Super contribution rules when you’re in your 60s and 70s Know your options around making contributions, accessing your super savings and when Age Pension entitlements could be affected. Whether you’re still working, or you’ve already retired, rules around super contributions, accessing super and things like age pension eligibility do ramp up once you hit your 60s and 70s. There have also been a lot of rule changes in the super space, including some around age …

Oliver’s Insights – five charts on investing to keep in mind

Five charts focusing on critical aspects of investing that are insightful in times of market stress

Five reasons why the RBA cash rate is likely to peak (or should peak) with a 2 in front of it rather than a 3 (or more) | AMP Capital

Five reasons why the RBA cash rate is likely to peak (or should peak) with a 2 in front of it rather than a 3 (or more) Key points The RBA has hiked the cash rate by another 0.5% taking it to 1.85% and signalling more hikes ahead. We see the cash rate peaking around 2.6% which is at the low end of market and economists’ expectations. Market & consensus expectations for rates to rise …

COVID-19: Withdrawing super – what to consider | Money & Life

COVID-19: Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income …

Withdrawing super – what to consider | Money & Life

Withdrawing super – what to consider In March 2020, the federal government announced early access to super as one of their measures to support people experiencing financial hardship during the COVID-19 pandemic. Find out some things to consider when looking at this option to take the pressure off your finances at this challenging time. Throughout March 2020 the federal government has been releasing details of financial support available to Australians who have lost income due …

What could the COVID-19 economic stimulus package do for my finances? | Money & Life

What could the COVID-19 economic stimulus package do for my finances? In March and April 2020, a whole range of payments have been announced for Australians looking for financial relief as a result of the COVID-19 pandemic and economic crisis. Find out how you could benefit from the Federal Government’s economic stimulus package. The global and local impact of the COVID-19 pandemic has been like nothing we’ve experienced before. As a result, there are a …

Five, four, three… it’s not too late to get more in super

Five, four, three… it’s not too late to get more in super There’s a small window left before new rules stop you from adding as much to super as you can right now. It’s crunch time. Time to get advice before super as we know it changes. From 1 July 2017, new laws will limit the amount that goes into super across the board. And that means you need to be prepared and you need …

Make working later in life work for you

  Make working later in life work for you Tips for taking a freestyle approach to work and retirement The relationship between work and retirement is changing. Nowadays we expect a lot more from our later years than previous generations—we’re no longer satisfied with treading water and we want to go freestyle. But with the pension qualification age increasing, people living longer and concerns about whether we have enough money in our super, we may …

Tips for success in a competitive job market

Tips for success in a competitive job market The AMP.NATSEM report highlights challenges for young Australians starting their careers. If you’re finding it hard to get started in your chosen career—or your kids are doing it tough—you’re not alone. Many other young Australians are in the same boat, with a high proportion of young people working in part-time hospitality and retail jobs, even when they have uni degrees. The latest AMP.NATSEM reporti shows that demographic, …