Finance News
The ATO is stepping up efforts to target rorting of tax-free living-away-from-home allowances, amid fears employers and employees are using contrived arrangements to get a tax-free salary boost. Fringe benefits tax rules allow employers to pay tax-free LAFM allowances to employees whose work requires them to temporarily relocate from their home. The allowances, which are…
Well some good news, I am back on the airwaves next week on 3MP or MY MP 1377. Ill be on Tuesday’s and Friday’s from 10.30am talking all things finance effective Tuesday the 4th of September, so feel free to tune in or alternatively I will have the podcast on this site a few days later. …
An individual or organization which holds or manages and invests assets for the benefit of another. The trustee is legally obliged to make all trust-related decisions with the beneficiary’s interests in mind, and may be liable for damages in the event of not doing so. Trustees may be entitled to a payment for their services,…
Much to my surprise as an adviser buying of the plan continues to be a popular strategy for new investors, but do they really understand the risks involved? Whilst the excitement of being able to choose your floor plan and color schemes may seem appealing, the end result is often less than desired and there…
BANK YIELDS AS AT 16/08/12 – (Based on (A) actual and (F) forecasts DPS) Code Price DPS Yield Gross Yield ANZ $23.63 142 cents (A) 6.00% 8.53% CBA $56.05 334 cents (A) 5.95% 8.46% – ex-dividend 197 cps, Monday, 20th August 2012 NAB $24.26 178 cents (A) 7.33% 10.41% …
Question: Last week you mentioned about using loan agreements to document family loan arrangements. What is the difference between that and a Division 7A Loan? Could I use either one? Answer: A family loan agreement is highly flexible and can be based on any terms agreed between the parties. It does not necessarily need to be…
The Reverse Mortgage or Equity Release Loan is a relatively new Mortgage product that has been created for retirees who are asset-rich but cash-poor. A Reverse Mortgage is a potentially lifetime mortgage available from a few Australian lending institutions to residential property owners over sixty living in their own home. It is a loan secured…
The high Australian dollar means there’s rarely been a better time to travel. Did you know that The Finance Guru is proudly supported by OZFOREX who offer great deals to our readers click on the box on your right to register for free! Back to the travel! So not only are airfares, accommodation and…
