Archive for April, 2008
Debit Cards In Australia
Wednesday, April 30th, 2008
The popularity and the usage of debit cards is on the rise. Internationally the money spent using debit cards is more than that spent using credit cards. Figures show that in Australia too this well soon be the case.
What Is A Debit Card?
Similar to a credit card but rather than using the bank’s money [...]
Income Protection Insurance (Disability Income Protection)
Monday, April 28th, 2008Ever wondered what you would do if you have an injury or sickness as result of which you have to quit your work (either for a few years or even worse - forever)….Scary thought….How would you pay your mortgage, car loan, bills etc….Very Scary - But the truth of the matter is, it could happen [...]
Getting The Focus Back….
Saturday, April 26th, 2008I am sitting here in front of my laptop and typing this and sipping my hot cup of coffee. It has been an interesting couple of months at my end. I had lots of things on my plate…March was a stressful month.
Up until March 2008, my plan was to start atleast one new affiliate [...]
How To Find Lost Super Funds
Thursday, April 24th, 2008It is estimated that there is approximately around $10 billion in lost super. Around 5.7 million Australians are estimated to have lost super…For some reason most of us seem to have a cavalier attitude towards lost super…Now assume for a second that you are entitled to $5000 of inheritance - you would want to claim [...]
Industry Super Funds - Are They Any Better?
Tuesday, April 22nd, 2008We have all seen the ‘Compare The Pair’ ad on television - an interesting, simple and effective ad. The ad served its purpose - it aroused my curiosity…I did some quick research to find out how and why these funds perform better than the normal retail super funds.
What Are Industry Super Funds
These funds have [...]
Sole Purpose Test For DIY Super Funds
Sunday, April 20th, 2008A recent survey done by Australian Taxation Office (ATO) reveals that 30% of people surveyed (people with DIY super funds) did not have clear understanding of what Sole Purpose Test means. This result is surely a big concern. Sole Purpose Test is one of the fundamental guidelines of a DIY super fund and failing to [...]
Why Did Opes Prime Collapse?
Friday, April 18th, 2008Opes Prime collapse - How And Why It Happened - Full Step By Step Details
DIY Super Funds - Self Managed Superannuation Funds
Thursday, April 17th, 2008Australians can make superannuation contributions either to an independently managed super fund or they can manage their own super fund. The super funds that we manage on our own are called ‘Self Managed Super Funds’ (SMSF) or ‘Do It Yourself Super Funds’ (DIY super funds). The DIY funds are regulated by Australian Taxation Office.. There [...]
Types Of Super Contributions
Tuesday, April 15th, 2008Super is quite a complex topic. However it is a topic which we all need to understand as it has a direct impact on the type of lifestyle we lead after retirement. I have written below my understandings of the types of super contributions….
Deducted / Concessional Contributions
These are the contributions that are made from the [...]
