Major bank tightens screws on interest only loans ANZ said it will be regarding all interest-only loan renewals as credit critical event requiring full income verification effective 5 March. In a broker update last week, the bank said the change covers borrowers shifting from P&I to IO repayment type and those extending their IO terms.
What is superannuation? Superannuation is an investment vehicle that allows you to invest, grow and save for your retirement. It is government supported and encouraged and there are minimum percentages that your employer needs to pay into your superannuation. Interest earned on your superannuation account will be subject to tax of 15% while in the
To show our commitment to securing your family’s future, Cursio Group are offering a HI$500 starting balance to your child’s own investment portfolio. Here’s how it works: Implement a new life insurance plan for your family with us and Cursio Group will deposit a starting balance of up to $500 into an investment account
From July 1 2017, the administration of Domestic Building Insurance (DBI) is changing and it is important to be aware of how this affects you and your construction business. Background In Victoria, it is mandatory for builders to purchase DBI (previously known as Home Warranty or Builder’s Warranty Insurance) for all domestic building projects
First home savers, downsizers and small business are the winners in Treasurer Scott Morrison’s second Budget – while taxpayers face an increase in the Medicare levy. Note: These changes are proposals only and may or may not be made law Superannuation Contributions from downsizing the home Date of effect: 1 July 2018 Individuals
Changes to the superannuation rules will come into effect on 1 July 2017 While the government will reduce the amount of money you can put into super from 1 July this year, the good news is that you could still take advantage of opportunities before the financial year ends. While we don't believe it's fair that
A tax deductible expense you really need Adam Cursio Looking for a last minute end of financial year tax deduction? While most people rush out spending money on unnecessary items, here's an essential expense you should seriously consider. Your ability to earn an income is potentially worth millions over your working life. Your family and your
Let Us Find Your Lost Super Adam Cursio Did you know that unclaimed Super funds with low balances could be taken away from your Trustee's control and into the hands of the ATO? The Australian Government has recently made amendments to rules on small super funds with balances under $6,000. As of 31st December 2016, if
Housing price growth ‘decelerating’: What a word! Adam Cursio Director Here’s a short excerpt from a recent article about house prices from the Sydney Morning Herald, which made me laugh. House prices continue to decelerate from what is likely to be the last property price boom Australians will see for many years, says Bank of
Tax deductible hand bags Adam Cursio Director THERE’S never been a better time to hit the shops. Despite reports to the contrary, it seems women may be able to claim handbags on tax. But there’s a catch — you have to keep a logbook to prove it carried more than lipstick and lunch to the
