SMSF and Insurance Cover: What You Need to Know
Self-managed super funds (SMSFs) are a popular choice for Australians who want greater control over their retirement savings. SMSFs provide members with the opportunity to choose their own investments, and to tailor their investment strategies to suit their individual [...]
What happens if you become unable to act as a trustee for your SMSF?
If a trustee of a self-managed superannuation fund (SMSF) becomes unable to perform their duties, there are steps that need to be taken to ensure the smooth running of the SMSF. Here are some of the key steps that [...]
Understanding the Sole Purpose Test for SMSF: A Comprehensive Guide
As a trustee of a Self-Managed Superannuation Fund (SMSF), it is essential to ensure that you comply with all regulatory requirements set out by the Australian Taxation Office (ATO). One such requirement is the Sole Purpose Test, which is an [...]
ANZ passes on full RBA rate hike to mortgage customers
ANZ bank has become the first of Australia's big four banks to announce it will pass on the full 0.25 percentage point Reserve Bank of Australia (RBA) hike to its variable mortgage rate. The move will see ANZ's lowest variable [...]
UBank Offers Refinancers 35-Year Loan Terms
On February 7, 2023, UBank announced that it is extending its loan term for refinances from 30 to 35 years. While this may seem like a good option for homeowners seeking relief from relentless rate rises, it could potentially cost [...]
February’s Cashback Deals
If you're looking to save on upfront costs and get some extra cash when applying for a mortgage, a cashback home loan may be an option for both first home buyers and refinancers.As predicted by the Reserve Bank of Australia, [...]