Get a $500 gift from the government

How you ask? From the superannuation co-contribution. How do I qualify? Earn less than $49,488 Have 10% of your income from employment activities How does it work? The government put in 50c for every $1 you contribute this financial year, up to this maximum of $500....

Watch out for the not so superratings

I’ve been perusing Superrating’s top 10 funds as you do on a Sunday afternoon. (Yep, I’m a money geek). I’ve found the results they provide to be at best a little simplistic and at worst misleading. My problem is that they only compare the fees that would be charged...

Beware Paypal Exchange Rates

It’s usually cheaper to use your credit card (especially if it’s the GE Money 28 Degrees card with 0% currency exchange fee) than to use the default exchange rate provided by Paypal which can be upto 4% From Paypal’s website “PayPal’s exchange rate includes a...

Useful Apps – Blinkist

I’ve been using Blinkist for a few months now and while the mobile had a few teething problems I’m pleased to say they now seem ot have been fixed with the latest release. Blinkist summarises books into easy digestible ‘Blinks’ which can either...

Dividend Imputation

Australia has a full dividend imputation system which gives investors an incentive to invest in Australian companies. The nice Australian tax office prevents people being taxed again on dividends that the company has already paid tax on, preventing double taxation. We...
Lastpass Emergency Access

Lastpass Emergency Access

I’ve often wondered what would happen to my online accounts when I die and more importantly how my loved ones would get access to them. Well Lastpass has now solved this problem with Lastpass Emergency Access. In a nutshell – you give someone you trust...
Ethical Superannuation?

Ethical Superannuation?

A friend asked me to look at www.australianethical.com.au for your superannuation, I wasn’t very impressed. Maybe ethical for companies, but what about retirees? 1 – Fees are too high MySuper balanced option total fees are (1.134%). The lowest fees are Hostplus –...
Super Ripoff!

Super Ripoff!

Recently the Murray Report found that Australian’s are paying double the fees of other Western countries for their retirement. That’s costing us $20 billion dollars each year, or an average of $1100 each! Why are Aussies being so badly ripped off? Well we could blame...

Financial advisors do not care about you

You are the only person responsible for your financial future. If it all goes belly up YOU are to blame. Even if you have been given dodgy advice from a financial manager, it’s upto you to do your homework and take responsibility for your investment choices. Do you...