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What’s under the bonnet? If you use your own car for work purposes (this may be a car you own, lease or hire under a hire-purchase agreement), you can claim a deduction using either the cents per kilometre method or logbook method. You can claim a deduction for car...

Towards retirement, individuals may consider switching from their self-managed super fund (SMSF) to a different type of super fund. There are 2 key reasons why an SMSF fund may not be ideal towards and during retirement: SMSF funds are time-consuming and require the...

Travel expenses include: Transport expenses are deductible when you travel in the course of performing your duties. This includes the cost of driving your car, flying, catching a train, taxi or bus. Accommodation, meals and incidental expenses are deductible when you...

Income protection pays part of your income so that you can focus on getting better rather than trying to make ends meet. Each company can define partial or total disability differently, and you need to meet these requirements if you are to receive benefits. Check the...

If you’re a Doctor, specialist or other medical professional, it pays to learn what you can claim at tax time To claim a deduction for work related expenses you must have spent the money yourself and weren’t reimbursed it must be directly related to earning your...

The importance of diversifying your portfolio is constantly reiterated, but how do you determine how to diversify? Portfolios should have low-risk and high- risk investments. Low-risk investments are bonds, fixed annuities, etc. while high-risk investments are...

Joint accounts can make it easier to manage shared expenses, but sharing access to your money can be risky.BENEFITS A shared account will make it easier to pay shared expenses which are common in households with two income earners. Having one account rather than two...