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    Wealth

    Personal Finance

    Yesterday

    The means test is based on residents’ assets and income on the day they move into aged care.

    I have an older-style pension – has the government forgotten about us?

    While legacy income streams were not addressed in the recent federal budget, there are steps you can take to make them easier to work with.

    • John Wasiliev
    Advisers and brokers say the First Home Super Saver Scheme is underused.

    First home buyers have two weeks to score $12,000 tax break

    Advisers say borrowers would be mad not to take advantage of the First Home Super Saver Scheme, but perceived complexity is turning them off.

    • Lucy Dean
    The tax on super above $3 million would be on top of the standard 15 per cent tax that is generally paid on tax-concessional contributions by most people.

    Why the proposed new $3m super tax is simpler than you think

    But the devil is in the detail, so the potential for complexity lies in how the “proportion” and “earnings” amounts are worked out.

    • Meg Heffron

    This Month

    Smart Investor takes a look at three ways to enter the housing market that each come at the problem from a different angle.

    Three unorthodox ways to get into the housing market

    In the face of rising property prices, innovative solutions are arising for aspiring property owners.

    • Michelle Bowes
    One of the principal benefits of home ownership is long-term financial security.

    Why Gen Z’s share portfolios should be free of capital gains tax

    There’s little prospect of housing affordability improving, so the portfolios of young savers should get the same tax-free treatment as the family home.

    • James Weir
    Advertisement
    Top up your concessional contributions to the $27,500 cap before June 30.

    Five things for SMSFs to do before June 30

    Think of it as the world’s most boring, but incredibly profitable, game with the Tax Office.

    • Tim Mackay

    May

    We expect the next official June quarter trimmed mean inflation data to print at least 0.9 per cent to 1 per cent.

    Opportunities aplenty for yield buyers

    There is a rich array of opportunities available for investors searching for relatively safe and liquid yields.

    • Christopher Joye
    Debt recycling is a strategy used by the rich to get richer.

    How the rich use this tax strategy to get richer

    For many people, debt is a scary word. But debt can help build wealth so long as you’re careful about it.

    • Michelle Bowes
    AFR

    Decades after tycoon’s death, his family is suing each other over a mansion

    Tech tycoon’s widow says she felt ‘used and abused’ in a dispute that pitted her three children against her – and each other.

    • Duncan Hughes
    Ensure you have exposure to assets that can hold value or even rise in adverse conditions.

    The economy is turning and your investment portfolio needs attention

    Residential mortgage-backed securities might be a good option in a weakening economy.

    • Giselle Roux
    Bonuses, the sale of shares or property and redundancy payments can push you into Division 293 territory.

    I’m a high earner about to encounter Division 293 tax. What can I do?

    You may want to consider reducing your taxable income below $250,000 by claiming allowable deductions such as donations to charity.

    • John Wasiliev
    There will be an undersupply of shopping centres in coming years.

    Why shopping centres are a good investment prospect

    Population growth, a robust employment market and rising incomes will stoke retail spending, and much of the extra money will end up in shopping centres.

    • Sam Tamblyn
    An extra $16.5 billion will be spent on road and rail projects.

    How to buy property that cashes in on the ‘big build’

    Being located within 1.6 kilometres of a hospital or major activity centre increases prices by an average of 1 per cent.

    • Richard Wakelin
    Jess Brady spent four months in and out of hospital after a major health scare.

    ‘I spent four months in and out of hospital thanking my old boss for this advice’

    After a potentially life-threatening gallbladder condition, Jessica Brady has two goals: Listen to her body, and make sure young people are prepared for the worst.

    • Lucy Dean
    AFR

    What to do if you are asset rich but cash poor

    Four strategies to help your assets and savings work harder as the cost of living grows.

    • Updated
    • Duncan Hughes
    Advertisement
    Adrian Orr, governor of the Reserve Bank of New Zealand.

    Kiwis outplay Aussies in monetary policy game

    The New Zealand central bank has given its Australian equivalent a dancing lesson in political independence.

    • Christopher Joye
    There are 635,000 rich Australians, representing around 2.5 per cent of the total population.

    There are 635,000 rich Australians. Are you one of them?

    Once, being a millionaire made you wealthy. But the goal posts have shifted, and a two-storey house with in-ground pool doesn’t really cut it any more.

    • Michelle Bowes
    After June 30 unused contribution limits from the 2019 financial year will expire.

    How to claim a $157,000 tax deduction while turbocharging super

    Anybody who can make extra concessional contributions of this magnitude should seriously consider doing so.

    • Michael Hutton
    Being the trustee of your own fund does not put you above the law.

    ‘It’s my money’ attitude leading to illegal super withdrawals

    Early release of super is only supposed to allowed as a last resort. So why are so many people being approved to use it for dental work?

    • Peter Burgess
    Aligning risk appetite can be tricky.

    I’m a risk-taker but he plays it safe. How do we invest as a couple?

    Mismatched risk appetite is a common problem in relationships. How can couples get over this hurdle when investing together?

    • Penny Wise