In the last decade, household debt has decelerated quite significantly — down from an average rate of 10% each year in the early 2000s to just 2% at the end of 2015.[1] As a nation, it seems we’ve become far more conscious about our spending and borrowing habits since the Global Financial Crisis. Cutting back on unnecessary debt is a good thing. But ‘good’ debt can be an excellent tool for building wealth and a financially secure future. Let’s look at how to avoid the bad stu

You’ve worked hard to build your business from the ground up — you’re finally ready to reap the rewards. You want to make the most from the sale of your business — but navigating the tax system can be tough on your own. When it comes to turning your business assets into retirement savings, there are a number of Capital Gains Tax (CGT) concessions to help you along the way. Here’s what you need to know. 15-year exemption Are you aged over 55 and have owned your business for mo

Many people wait until their home loan is paid off before investing more in super. However, if you are currently making more than the minimum home loan repayments, you may be better off when you retire if you make additional super contributions instead Why super? There are two key reasons why topping up your super could be a better option. The first is that home loan repayments are usually made with after-tax money. Alternatively, super contributions can be made with pre-tax