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If someone asks for payment with a gift card, they are a fraudster

A caller claiming to be from the Australian Taxation Office says a warrant is about to be issued to have you charged for unpaid tax. They say you can deal with it by paying an on-the-spot fine, which must e…

Q&A

Q: Is superannuation safe from bankruptcy, and do the bankruptcy rules also apply to superannuation accounts and super death benefits? A: If you are declared bankrupt your assets “vest” with the bankruptcy trustee, to be paid to creditors. However, a…

SMSF Association launches upgraded trustee website

The SMSF Association has launched a new website for self-managed fund trustees, offering a range of education and information services. The new site, SMSF Connect, replaces the Trustee Knowledge Centre. Association chief executive John Maroney says the new website makes…

Q&A 4 March 2019

Q: I am interested in the Pension Loans Scheme as I am on a full Aged Pension with no other income and my only assets are car, superannuation and home. At present I am topping up my aged pension with…

Q&A 25 February 2019

Q: I live in Townsville and my home was damaged in the recent flooding. My insurance company has offered me a cash settlement as a quicker way of dealing with my claim. I have seen reports that some cash offers…

$25,000 investment can access Sydney residential market in strategic suburb

Investors can access a stake in new apartments in the well located Sydney suburb of Epping for as little as $25,000 via the new “AusFunds Fractional Property Investment Platform”. The investment amount covers all associated costs such as fund setup,…

Fractional property investment market gathers momentum

Fractional property ownership is an alternative way to invest in the property market without owning it a hundred per cent. This is becoming the trend partly because of the increasing price of properties and because fractional ownership allows investors to…

Personal loan rates cut

Lenders may be putting up home loan rates but the trend in personal loans is down. With some offers now under 6 percent, consumers have an opportunity to move out of high-cost credit card finance or budget for a major…

Q&A 29 January 2019

Q: I was talking to a financial planner about life insurance and she was explaining that commission rates changed at the start of the year. I was not clear on the details. Can you explain? A: Under life insurance rules…

Mining Bitcoin now cost more than it is worth

Bitcoin is now worth less than the cost of ‘mining’ it, according to new research. JP Morgan Chase issued a report estimating that the cost of producing a Bitcoin was around US$4060, compared with the current market price of around…