Taking an active interest in your super today can set you up for the lifestyle you want in the future. Retirement might seem a long way off, but when it comes to your super, time is one thing you can use to your advantage. The small things you do today can make a big difference to your future self. Get your super working over time. Visit moneysmart.gov.au to find out more. Original Author: Produced by Moneysmart …
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 …
The RBA hikes rates again with more to go – but falling confidence and home prices will limit RBA tightening Key points The RBA has hiked the cash rate again – by 0.5% taking it to 0.85% and continues to signal more rate hikes ahead. We expect the cash rate to rise to 1.5-2% by year-end and to peak at 2-2.5% by mid next year. Greater sensitivity to higher interest rates will cap how much …
Comfort spending in the land down under – what we buy and why A year ago, takeaway food was number one on Australia’s comfort-spending list. If habitual purchases like this are still taking their toll, here are some tips for 2022. Over a 12-month period, Australians forked out a whopping $37 billion (and then some) on comfort spending1. You know, the things you might buy to pass the time or make yourself feel better. If …
How to negotiate better work perks With the COVID-19 pandemic taking hold again, many employers aren’t in a position to hand out pay rises, no matter how hard you’ve worked. If that’s the case in your role, it’s worth asking for other non-financial benefits that can improve your work and home life. Negotiating a pay rise or salary package is nerve wracking at the best of times, let alone during a pandemic. And, while you …
Planning a career break? Here are tips to help keep your super on track Whether you’re doing it because you want to travel, study or start a family, taking a career break can really affect your financial future. Thankfully, there are ways to help keep your superannuation in shape. Whatever your stage of life, there are several reasons for planning a career break. In some instances, leaving the workforce won’t impact your super. But in …
Early access not so super for women The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth explores the reasons why a super withdrawal at this time could leave women financially vulnerable. The Australian Government’s …
Getting the balance right Investment risk shouldn’t be an “all or nothing” choice. In this video, Paul Clitheroe talks about the importance of understanding risk, and taking on an appropriate level of risk for you and your needs.
