People use refinancing as a financial strategy in many situations. Homeowners refinance their mortgages to secure lower interest rates, lengthen or shorten the terms of their mortgages, convert to or from an adjustable-rate mortgage, tap into their ...

When you’re young and working on building your career, you may not have the impressive salary you’ll have a decade or two from now. But you have something that is priceless when it comes to investing: you have time. Time is an asset with any kind of ...

The primary difference between SMSFs (self-managed super funds) and other superannuation funds is that SMSF members are not just members; they’re also trustees of the fund. The sole purpose of the trust is to provide retirement income for the members or ...

The pros and cons of testamentary trusts at a glance: Trusts don’t have to pay tax on income that is distributed to beneficiaries. The trustee has the discretion to distribute income to as many beneficiaries as possible. Tax concessions for testamentary ...