Buying your kids a home – good idea or bad?

Owning your home has long been considered the Australian dream, but the changing property market is helping to ensure that it remains just that for many young people. Even with the introduction of initiatives such as the First Home Owner Grant and First Home Saver Accounts, housing ownership remains unaffordable to many. Research by the International Monetary Fund shows that Australia’s p...
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Early advice made all the difference

Margaret was 21 when she married Graham. She was working as a sales assistant in a large department store when they decided to start a family. As her pregnancy advanced Margaret gave up work and Graham, a warehouse fork-lift driver, took a second job to make up the shortfall in their income. He was a hard worker and fast learner which prompted his boss to promote Graham to Warehouse Manager...
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Qualifying for the Commonwealth Seniors Health Card

The Commonwealth Seniors Health Card (CSHC) provides self-funded retirees and workers over pension age with concessions on prescription medicines and a range of other benefits. It is a sought-after benefit, and whilst no asset test applies, it is subject to an income test which has undergone significant amendments. On 1 January 2015, changes to the way the income test is applied made it a l...
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