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.

 

 

 

10 simple retirement savings

10 simple retirement savings

A penny saved is a penny earned.

Top Stories

  1. Will downsizing affect my pension?
  1. Get on with enjoying life
  1. Planning ahead
  1. Will I lose my part Age Pension?
  1. Age Pension increases March 2014

Are you in the taxman’s sights?

Are you in the taxman’s sights?

The ATO has released its hit list of deductions on which it will be focusing.

Five tax tips for seniors

Five tax tips for seniors

These five tips from Craig Hall of NICRI can help with your tax understanding.

Loans for pensioners

Loans for pensioners

If you’re on a pension, a personal load may not be accessible, nor the most ...

Help with financial hardship

Help with financial hardship

Money troubles can’t always be managed on your own.

Mypost’s Concession Account

Mypost’s Concession Account

Concession stamps will be available.

Most common spending regrets

Most common spending regrets

Have you fallen into the trap of these common spending regrets?

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Superannuation

Superannuation update #1 2014

The 10-year returns are impressive, but is your fund one of the best performers?

Find out more

Are offset accounts an asset?

Offset accounts are a useful way of helping to reduce the interest you pay on a mortgage.

Structuring your assets and liabilities

Your essential guide to super

Our quick guide will help you to get to know your super better.

Understand your superannuation

Banking & Investment

Who gets CBA compensation?

The CBA will provide compensation for those who received the wrong advice.

Did your planner get it wrong?

Help with financial hardship

Money troubles can’t always be managed on your own.

Need help with your money troubles?

Is property a good investment?

Considering buying an investment property, but is this still the best way to make money?

Where should you put your money?

Credit Cards

D-day for signatures imminent

In just over two weeks signatures will no longer be accepted for purchases made by credit cards.

Do you have your PIN?

ATM skimming explained

NSW Police are reporting a surge of ATM skimming across Australia.

Protect yourself

When is a liability an asset?

When is a liability assessed as an asset?

See the answer

Property

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?

Electricity bills explained

If you're unsure how to compare offers, then this simple guide to electricity bills may help you secure a better deal.

Start saving money on bills

Is property a good investment?

Considering buying an investment property, but is this still the best way to make money?

Where should you put your money?

Insurance

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

Managing health insurance costs

Six tips for managing soaring private health insurance costs.

Don’t pay too much

Comparing pet insurance

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

The cost of caring for Fido

Legal & General

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

DIY will kits

How to activate probate when in possession of a DIY will, and are such kits are actually a good idea?

Is a DIY will kit for you?

Mortgage & Home Loans

Equity release – is it for you?

A Reverse Mortgage may be a good way to access money for those who are asset rich but cash poor

Good way to access money

Using super to pay out mortgage

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

Will super withdrawal affect the pension?

Give yourself a pay rise

No matter how careful you are with your money, there may still be a few ways to save.

Are you wasting money?

Seniors Finance

D-day for signatures imminent

In just over two weeks signatures will no longer be accepted for purchases made by credit cards.

Do you have your PIN?

Income test limits for pensions

The new Age Pension income limits which apply from 1 July 2014 could be beneficial.

Can you now claim the Age Pension?

Asset test tables

View the tables below to find out the Asset Test Limits.

Asset test limits

Finance News

Who gets CBA compensation?

The CBA will provide compensation for those who received the wrong advice.

Did your planner get it wrong?

Radical plan to cut power bills

Would you be happy to pay 700 per cent more for your power on hot days?

Better in the long term?

Rent a room

Maurice Patane answers Linda’s question about renting out a room in her house.

Will it affect her pension?

News

One in 10 lie about earnings

When it comes to money, truth is the only thing some people are economical with.

Financial infidelity

Who gets CBA compensation?

The CBA will provide compensation for those who received the wrong advice.

Did your planner get it wrong?

Rent a room

Maurice Patane answers Linda’s question about renting out a room in her house.

Will it affect her pension?

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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