Finance

Welcome to the YOURLifeChoices Finance page, where we feature the latest money news and updates. We can help you with information on cancelling contracts, choosing the right credit card, making a will and why you might consider a Power of Attorney.

Superannuation is an important part of your retirement planning. Did you know there is hundreds of millions of lost super money just waiting to be claimed? Use the link to the lost super site to see if you have unclaimed funds.

We can also help you save your money and manage your finances better both before and after retirement and during the transition to retirement.

 

 

 

Do I need to claim a UK pension?

Do I need to claim a UK pension?

Denise is confused as to whether or not she needs to apply for a pension ...

Top Stories

  1. Are you in the taxman’s sights?
  1. Five tax tips for seniors
  1. Loans for pensioners
  1. Help with financial hardship
  1. Mypost’s Concession Account

Age Pension increases September 2014

Age Pension increases September 2014

For those who receive an Age Pension or Disability Support Pension, the increases, which will ...

Using super to pay out mortgage

Using super to pay out mortgage

Could Jenny use her super to pay out her mortgage and still get an Age ...

Learn from your financial mistakes

Learn from your financial mistakes

While mistakes can’t always be avoided, you can try and learn from them, including those ...

Second-hand car buying tips

Second-hand car buying tips

A few tips on what to look for in a car could save you money ...

Credit card security risk

Credit card security risk

Gayle has a cautionary tale for those with plastic in their purses.

10 simple retirement savings

10 simple retirement savings

A penny saved is a penny earned.

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Superannuation

Older women the poorest

An estimated 533,000 women over 65 are living under the poverty line.

Simply not fair

Using super to pay out mortgage

Could Jenny use her super to pay out her mortgage and still get an Age Pension?

A valid option?

Illegal super access

Be careful as some superannuation early access schemes are illegal.

Early super release

Banking & Investment

How to get the best bank deal

How do you get the best bank deal?

Do you have the best deal?

Will switching save you money?

Many people assume switching to a lender with a better rate will automatically save them money but this isn’t always the case. Using an online calculator will soon let you know if there are real savings to be made. Moneysmart.gov.au has an online ‘mortgage switching calculator’ which will, ...

Will you save?

Claim your credits for extra income

How do you claim the extra income due from franking credits?

Claim extra income

Credit Cards

What’s your credit score?

A new initiative, GetCreditScore, has launched as part of MoneySmart Week.

Get a better deal

DIY RFID blocker

Discover how you can make your own RFID blocking sleeve for less.

Protect yourself from electronic pickpockets

Credit card security risk

Gayle has a cautionary tale for those with plastic in their purses.

Are your cards safe?

Property

Using super to pay out mortgage

Could Jenny use her super to pay out her mortgage and still get an Age Pension?

A valid option?

How much will be exempt?

Will downsizing be a blessing in disguise for Graham?

Centrelink explains

Financial help with downsizing

June recalls hearing about a program which would exclude proceeds from the sale of her house from the means test.

Is there help with downsizing?

Insurance

Quick guide to life insurance

Follow our easy to read guide on life insurance.

Cover yourself

Comparing pet insurance

Pet insurance is now big business, but which policy should you choose?

The cost of caring for Fido

Affordable health insurance

If you're looking for health cover which is not only affordable but tailored to the over 50s, then you may find Apia health insurance rewarding.

Save your money and your health

Legal & General

Are living wills binding?

Maeve is having trouble getting her family to appreciate her wishes should she fall seriously ill.

Should I make a living will?

Your pricing rights

You may think you know your rights but what if a retailer refuses to comply?

Do you know your rights?

Your refund rights

What happens when a store simply refuses to play ball and refund your money?

Know your rights

Mortgage & Home Loans

How to get the best bank deal

How do you get the best bank deal?

Do you have the best deal?

Will switching save you money?

Many people assume switching to a lender with a better rate will automatically save them money but this isn’t always the case. Using an online calculator will soon let you know if there are real savings to be made. Moneysmart.gov.au has an online ‘mortgage switching calculator’ which will, ...

Will you save?

What’s your credit score?

A new initiative, GetCreditScore, has launched as part of MoneySmart Week.

Get a better deal

Seniors Finance

Seniors Card expansion

The Victorian Government is expanding the Seniors Card program.

Seniors Count!

Living apart – together

Could George and his wife be reassessed as singles?

Can they be single age pensioners?

Five money tips when travelling

Five handy tips to help you avoid financial pitfalls on your holiday.

Save money

Finance News

Aged care funding options

Maurice Patane outlines some of the aged care funding options available.

What’s the alternative?

Rogue credit fixers on the rise

Finding out that you have a default on your credit report can be a shock.

They can’t fix it

Asset reduction rates

Robert would like to know if the rate at which a pension is reduced has been altered.

How much pension will you lose?

News

Age Pension residency requirement

Does Jon have to remain in Australia for two years after claiming the pension?

Can he leave before two years?

Is her super an asset?

Richard is concerned that he will have to pay back the Age Pension he has received.

Is it an asset?

Asset reduction rates

Robert would like to know if the rate at which a pension is reduced has been altered.

How much pension will you lose?

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The ten worst retirement planning mistakes

The ten worst retirement planning mistakes

Paul Clitheroe reviews the ten biggest retirement planning mistakes – and why you need to avoid them.

Learn from others mistakes

Low income energy rebate increase

Low income energy rebate increase

From 1 July 2011, the Low Income Household Rebate replaced the Energy rebate, and is paid at the rate of $200 per annum.

Are you eligible?

Save your superannuation

Save your superannuation

Australians on average having four super accounts, this can be a large proportion of your retirement income. Now is the time to consider consolidating your superannuation.

Save on fees

Money milestones

Money milestones

Managing your money doesn’t get any easier as you get older, but there are certain money milestones of which you can take advantage.

Money milestones

What to ask a financial adviser

What to ask a financial adviser

Starting on the right foot with a financial advisor can help ensure you get the most from your meeting. YOURLifeChoices has 50 useful questions you may wish to ask.

50 useful questions