Government takes first step in boosting Superannuation Guarantee to 12 percent
The federal government has introduced legislation into the House of Representatives to increase the superannuation guarantee from 9 per cent to 12 per cent.
Are you taking advantage of the current discount interest rates IAS can secure for you?
The home loan that you currently have may no longer be the best for you.
It is important that we regularly talk about your debts to ensure that you have the best plan possible. Significant savings can be achieved by acting when changes in the market occur.
Remember that by using a Broker to plan your lending and source the best deals available for your personal circumstances, you can rely on a long term relationship with someone that wants nothing more than to help YOU find a successful, tailored financial strategy.
It is important to think long-term and ensure you have the best team supporting you.
Call IAS today on (02) 8268-2900 to talk about your home loan options and whether there are options available to enhance your current position.
IAS Talks Financial Services at Sydney’s Northern Beaches Expo
IAS advisers Cath Baker and Jo Brassett were in attendance at the recent Northern Beaches Expo in Warriewood in Sydney.
Cath and Jo met many of the local residents and there was a keen interest in discussing insurance, financial planning and residential finance.
Many folk were also interested in learning more about what they could do with their superannuation.
Is debt ruling your life?
Student debts, credit cards and personal loans can be a source of unnecessary stress and prevent you from enjoying other things in life.
Clearing your debts doesn’t have to be hard work. With the right professional advice, it’s possible to get your finances on track sooner than you think. Which means you can get back to living the good life, guilt free.
Here are some tips to help you get out of debt.
Plan your budget
Achieving your goal of being debt free doesn’t have to be daunting; a good way to start is with a budget. Try to keep a diary for your expenses and your spending. This will enable you to track where your money is going and how much spare cash you can use to attack your debt.
Pay extra
Try paying more than the minimum off your debts. Whether it’s personal loans or credit cards, paying the minimum will hardly make a dent as you will only be paying off the interest.
Prioritise
Prioritise all your debts by the interest rate you are paying. Try to get the balance down on high interest debts first, as paying these off first will save you a bit more money. The money you save in interest, you can then use to pay off your lower priority debts. This will get you to your debt free goal that little bit faster.
Consolidate
Consolidate all your higher interest debts into one lower interest debt. This could be in the form of a low interest rate credit card or a personal loan. This strategy will also reduce your interest repayments.
Ensure you have the right card
There is no need for anyone to be paying 20 per cent interest on their credit cards. Due to the increased level of competition in the credit card space, many lenders are offering much lower interest rates and deals.
When doing your research, make sure you read the fine print, as cards offering low or zero interest rates on balance transfers, do so for a limited time only whereas other cards might offer a low interest rate for the life of the transfer.
Become card free
Once you have selected a low interest rate card to transfer your balance, make sure you don’t use that card for any new purchases until you have paid off the full amount from the initial transfer. The best way to do that is the old fashioned way – cut your card up and throw it away!
Take the first step
If you’re having difficulties repaying your debt, take the first step and speak to your lender. If you’re open and honest about your financial difficulties with your lender, you will probably find they are open to review your repayments and look at other solutions to help you out.
Speak to a professional
If you feel that you are in over your head and struggling with your finances, speak to an IAS financial adviser for help with a financial strategy that can get you back on track.
Source | IOOF
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