100 helpful ways that could save you money

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100 helpful ways that could save you money Cost of living + inflation crisis = The biggest price rises in living memory for most Australians have meant action is required to bring many household budgets back into balance. Sort My Money founder David Rankin said this was the first time he could remember that Australians
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Should you wait until starting a pension before selling assets in your SMSF?

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Should you wait until starting a pension before selling assets in your SMSF? These days, many SMSF members know that their fund stops paying income tax on some or all of its investment earnings (rent, interest, dividends, capital gains) when it starts paying “retirement phase” pensions. A “retirement phase” pension is usually a pension that
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Seniors cards offer savings for many aged 60 and over

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Senior cards offer savings for many aged 60 and over 😊 Nearly 50,000 senior citizens have been guaranteed savings that could add up to thousands of dollars each year. Within hours of this week’s announcement of changes to the eligibility rules for the Commonwealth Seniors Health Card by the government, the opposition agreed to match
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Tips when managing large payments from super

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Tips when managing large payments from super 💰 If you are wanting to take a large benefit from your SMSF, there’s a lot to consider in working out how to structure the payment. Just taking a very large pension amount is often the worst possible thing to do. It’s easiest to explain the thought process
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Three tips on handling SMSF assets when a divorce is involved

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Three tips on handling SMSF assets when a divorce is involved Understanding the laws around self-managed superannuation funds is complicated, especially when divorce is involved, so it’s important to get good advice from a professional. SMSF members are pretty good at planning for the two great certainties in life – death and taxes. But managing
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‘Risk-free’ cash is still king for many investors: How to find a better rate

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‘Risk-free’ cash still king for many investors Here’s a guide to finding a better rate Cash-focussed investors are feeling the pinch with record low interest rates persisting this year. The Reserve Bank is likely to keep rates subdued for the foreseeable future, noting an “uncertain” economic outlook as the nation struggles through lockdowns. Yet however
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The 13 best & worst super funds revealed

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The 13 best & worst super funds revealed for 2021 The Australian Prudential Regulation Authority (APRA) has revealed the best and worst superannuation fund products in Australia after releasing the superannuation statistics for the June 2021 quarter. According to APRA, superannuation assets totalled $3.3 trillion at the end of the June 2021 quarter – a
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Should retirees consider investing in Bitcoin?

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The investment risks of Bitcoin and basics for retirees How to buy/sell Bitcoin, getting started and considering the risks for over 60s Every couple of months we read an article about the price of Bitcoin collapsing, or skyrocketing. The topsy-turvy world of cyrptocurrency (“crypto”) continues to keep investors, enthusiasts, speculators and sceptics saying “I told
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