With the cash rate increasing 0.25% last month and 0.50% this month, many of you are asking what’s the impact on me and what can I do? So how does the RBA cash rate affect interest rates and ultimately your home loan repayments? Let’s explore. What is happening with the cash rate? Until late 2021, the RBA predicted that economic conditions requiring a rate rise wouldn’t be met until late 2023 or early 2024. Rising inflation, low unemployment and wage growth has meant th...

Whether its superannuation, allowable deductions or small business asset write-offs, working with a finance professional or going it alone, make sure you are prepared for tax time with our list of planning tips. 1. Increase in Superannuation Guarantee rate As of 1 July 2022, the Superannuation Guarantee (SG) rate rises to 10.50%, with further increases to come each year until 1 July 2025. For some people this will mean their take home pay will reduce as more of their salary is directed tow...

If you’re like most property investors, trawling through boxes of receipts to tally up your allowable deductions is probably not your idea of fun. So, how can you make tax time a little easier?  Here’s our pre-tax time checklist.  1. Gather all your documents in one place The earlier you get organised, the less painful tax time will be.   To get started, gather up all the paperwork your accountant may need, from private health insurance info to rental incom...

As we have seen with the recent east coast floods, unforeseen disasters can strike at any time. That’s why it’s so important to protect yourself and your family financially – with the right kind of insurance for when something unexpected happens. Sure, insurance may not be all that flashy and many people downright begrudge having to pay for it. But it gives you something that’s invaluable: peace of mind that your financial plans are protected, no matter what. Here ar...

FinancePath has been announced as a finalist in the Customer Service Business category at the annual Mortgage & Finance Association of Australia* (MFAA) State Excellence Awards. The Awards highlight brokers, broker businesses and staff who have demonstrated exceptional customer service, professionalism, ethics, growth and innovation. This is FinancePath’s second year as a finalist in the MFAA Excellence Awards. Judged by an independent panel of industry specialists, business...