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.

 

 

 

$60 billion sharemarket crash

$60 billion sharemarket crash

The worst day of losses for the Australian sharemarket since the global financial crisis.

Top Stories

  1. ASIC reviews One Big Switch
  1. Would you share your home?
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  1. Should you downsize?
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Smart ways to use your tax refund

Smart ways to use your tax refund

According to the ATO, the average taxpayer receives a refund of $2000.

No compo for financial victims

No compo for financial victims

Groundhog Day at Senate hearing as banks deny need for compensation scheme.

The magic of compound interest

The magic of compound interest

Interest is calculated on the increasing balance, generating more and more interest.

The family home and retirement

The family home and retirement

So you have made it to retirement and you have repaid your mortgage. What now?

50 questions to ask an adviser

50 questions to ask an adviser

YourLifeChoices has 50 useful questions you may wish to ask.

June 2015 Government update

June 2015 Government update

Debbie explains all things pension in our comprehensive Government update.

Superannuation

Are you money smart?

MoneySmart’s Money Health Check will help you highlight the areas which need urgent attention

Money matters

An adequate retirement income

Yesterday’s National Reform Summit seeks a sustainable retirement system.

Don’t hold your breath

Pension gap widens

Pension changes place further pressure on Australian retirees.

The haves and have-nots

Banking & Investment

Five money saving websites

Planning a large purchase, overseas travel or downsizing your house?

These websites could help

Adding microcaps to your SMSF

Microcaps might be an interesting asset class for those wishing to diversify their portfolio.

Is this for you?

Do your investments pass the test?

Before you move your money, there are three questions you should ask.

Ask yourself this…

Credit Cards

Debit or credit card?

If you’re sensible with your spending, is credit or debit better?

Protect your money

CHOICE calls on banks to be fair

CHOICE has called on the banks to pass on the latest RBA rate cut to credit card holders.

Cutting credit card rates

Christmas credit card safety

It’s often easy to miss fraudulent transactions on your credit cards over the festive period.

Top 10 safety tips

Property

Should you downsize?

There can be many reasons to downsize your home, but should you do it?

Stay big or go small?

Is property a good investment?

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

Safe as houses?

Tax implications of renting a room

Margaret wants to know how renting out a room will affect her tax liability.

Will I pay CGT?

Insurance

Superannuation and life insurance

Life insurance within and outside of superannuation explained.

Which option is right?

The Good Time are back

Apia is proud to present the 2015 Apia Good Times Tour – back, bigger and better than ever.

Get your groove on

Health cover designed for over 50s

Now’s the right time to check if your cover reflects your changing needs.

Flexible health cover

Legal & General

Ama receives $170,000 compensation

Ama was involved in a car accident that caused nasty injuries to her knee and leg.

Ama's payout

The world of personal injury law

Getting advice from a good lawyer is the key to making sure you get compensation.

Meet Henry Carus

Are you entitled to compensation?

It’s important that you know what to do when accidents occur.

Can you get compensation?

Mortgage & Home Loans

Pros and cons of reverse mortgages

A number of Australians are considering equity release products, to manage finances.

Is it for you?

Can I sell my home to my son?

June would like to sell her home to her son as a vendor financier.

How does it work?

Reverse mortgage or line of credit

Should you take out a reverse mortgage or line of credit?

Releasing your equity

Seniors Finance

Are you money smart?

MoneySmart’s Money Health Check will help you highlight the areas which need urgent attention

Money matters

Five ways that you can save

Start saving today, with these five marvellous mini money hacks.

Simple ways to save

Five money saving websites

Planning a large purchase, overseas travel or downsizing your house?

These websites could help

Finance News

Protecting your privacy

Drew shares his top five tips to protect your private information.

Stay protected

Can you afford interest-free?

Interest-free deals can be tempting, but failing to pay back what you owe in the agreed period could be costly.

Can you afford interest-free?

Worried about your finances?

Reality is that household debt has increased twice as fast as property prices.

Financial first aid

News

Five ways that you can save

Start saving today, with these five marvellous mini money hacks.

Simple ways to save

Five money saving websites

Planning a large purchase, overseas travel or downsizing your house?

These websites could help

Pros and cons of reverse mortgages

A number of Australians are considering equity release products, to manage finances.

Is it for you?

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The ten worst retirement planning mistakes

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

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.

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.

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.

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.