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Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.

14
September
2018

Fixed or Variable?

Fixed or Variable? The interest rate gamble

In a “practice what you preach” moment, I’m currently reviewing my finances and part of that process involves addressing my mortgage. I’m happy with my current lender, but I’m left with a decision we all face; should I fix my interest rate?

I’ve never been one to try to crystal ball the future. Logic tells me that, moving forward, interest rates can only rise.  I won’t however, pretend to be able to accurately predict the unknown variables of when they will go up, how fast, and whether they will come back down. The thing is, the banks, with much greater resources than I, are forecasting all of the above before setting a fixed rate to ensure they don’t miss out; it isn’t easy to beat the bank!

Written by: Alex McKenzie Categories: Future Financial Services Blog

14
September
2018

Budget Recap

Budget Recap

Last week the Government presented their budget and it was a very vanilla affair in the end. Basically, there was some minor tax relief and tinkering of the superannuation system.

The taxation changes have been discussed extensively in the media, but in short there will be a tax rebate of up to $530 for low to middle income earners, this will remain in place till 30 June 2022. There will also be a slight moving of the marginal tax brackets with the 32.5% extending to $90,000 (formerly $87,000). These tax benefits, although nice, are minimal.

Categories: Author, Future Financial Services Blog

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