Money & Legal
Welcome to the
YOURLifeChoices Money & Legal page, where we feature the latest news and updates. The
Centrelink & Pension page has a large variety of information on the
Age Pension,
Disability Support Pension and how to
Claim your Pension Overseas.
If you are
Planning your Retirement or just want to find some
Financial Income Advice, our
Retirement Planning page will provide you with the most up to date information on these topics.
Superannuation is an important part of Australia's financial system but did you know there is hundreds of millions of
Lost Super money, and we have the link to see if you are on the list.
Power of Attorney
Lisa, an
YOURLifeChoices subscriber, is keen to get her affairs in order and is aware that she may need to have a Power of Attorney in place. But just
how does she go about this?
Are you in the right Super Fund?
With the recent changes to superannuation announced in Wayne Swan’s Budget last week, ensuring you are making the most of your superannuation contributions is more important than ever. Analyse your super fund with
YOURLifeChoices’ downloadable PDF
Are you in the right fund?.
What is Insurance?
Insurance involves paying a fee (premium) to an insurer who promises to pay out to cover some form of illness, disability, loss or damage. Insurance can cover your body, your possessions, your income, your savings. There is very little that cannot be covered.
Find out more here.
One of the best ways to save money, is not overspending on things we don’t need. Seems like a simple enough idea but keeping track of what you actually spend your money on each month can be an eye opener.
Creating your own spreadsheet in Excel is the easiest way to keep track on the money that’s coming in but, more importantly, the money that is going out. If these two figures don’t balance, you could be storing up problems for the future.
Perhaps you’re not so confident with Excel or need a little guidance on how to create and maintain a budget? The Australian Securities & Investment Commission (ASIC) has useful tools, tips and advice on creating a budget and managing your money.
For tips to help you take control of your money, click YOURLifeChoices simple short cut Fido.gov.au.
For more information, visit YOURLifeChoices simple short cut.
Financial Planning
- Financial Passages Online. This site welcomes you with: "financial passages is the complete site for all you need to know about money!" It has some excellent sections for Seniors and those planning their retirement, including:
- Living in Retirement, which looks at retirement income streams, pensions and annuities - in fact, everything over 55’s need to know to make the most of retirement.
- Planning for the Future, a comprehensive financial guide for people facing redundancy.
Go there
- Financial Planning Association of Australia (FPA). General information on financial planning, choosing a financial planner, understanding risk, search for an FPA member.
Go there
- Investment Advisers. All investment advisers must be licensed by the Australian Securities and Investments Commission (ASIC). Generally the license is held by a company who appoints authorised representatives. You can check ASIC’s web site for investors to see if a person is an authorised representative (go to "Check ASIC’s Databases" from the link below), and for other investment information:
Go there
- National Information Centre on Retirement Investments. NICRI is a free, independent, confidential service which aims to improve the level and quality of investment information provided to people with modest savings who are investing for retirement or facing redundancy. Changes not only occur to investment products but to legislation, social security and veterans’ affairs rules and taxation laws. The role of NICRI is to help provide up to date independent information to assist people to make the best possible investment decisions they can. NICRI operates a free telephone service for anyone needing information on investment products, to discuss their financial situation or to obtain details on where to find further assistance. Also, there are leaflets on many financial topics available for downloading from their web site. Go to "Publications":
Go there
Freecall 1800 020 110
- "Australia’s premier retirement planning and lifestyle journal." This national colour magazine for seniors has articles of interest, ability to subscribe, and growing data base for those planning and entering retirement.
Go there
- Wealth Creation. This 35 page booklet introduces long-term strategies used to build wealth. It is designed to improve your understanding of investing. Setting yourself on the path to financial independence involves more than owning a parcel of shares or buying an investment property. This is one of of a series of 11 booklets produced by the Credit Union Services Corporation (CUSCAL)
Go there
