If you ask yourself what your biggest expense is in your life, what’s the first thing that comes to mind? For most people it's tax and this is why smart tax planning is so important.
Often owning just one or two good quality properties long term can produce better outcomes than chasing short term gains by 'flipping' properties. Yield Financial Planning Managing Director James McFall looks at why holding good quality property for the long term could prove a better wealth creation strategy for your future.
In the last half a century, the average life expectancy of both women and men in Australia has continued to rise and rise - from around 74 years old to 84 years old [https://www.aihw.gov.au/reports/life-expectancy-death/deaths-in-australia/contents/life-expectancy].
The number of people hitting the incredible 100-year-old mark is also on the rise and this poses a serious problem for many people. Most notably, how to fund your life after retirement.
Last month, Westpac announced that it would no longer be offering SMSF loans for both residential and commercial properties as of the 31st of July.
Since then, more of the big banks have followed suit and declared they will also be moving out of the SMSF lending space. The Commonwealth Bank is now the only big bank continuing to offer SMSF loans to its customers.