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The Wealth Blog

Why it’s worth considering crisis cover

Most people wouldn’t dream of driving without car insurance, or living in a house without home and contents insurance, so it is remarkable that the majority of Australians do not think about protecting their families through life insurance, in the event of death, accident or illness. With the incidence of […]

Funeral Insurance – how does it stack up?

—- Funeral insurance and other prepaid funeral plans are regularly spruiked on TV. Ensuring your family does not suffer a financial burden in the case of your death is of course a good idea, but the National Information Centre on Retirement Investments (NICRI) warns consumers to be very careful before signing […]

Thousands of Aussies to lose up to $2000

—– HUNDREDS of thousands of idle superannuation accounts will be handed over to the Australian Taxation Office in the coming months if members don’t take action to recover lost and unclaimed funds. The ATO is likely to receive a massive windfall after recent changes were implemented allowing it to hold […]

Government Cash Grab – your bank account may be at risk

Households face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts. After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used for three […]

What is a comparative interest rate?

You may have noticed in recent times a steady rise in car advertisements pushing an ultra low interest rate, described as a Comparison Interest Rate. We have recently been asked a few times about this ‘Comparison Interest Rate’ and if it should be trusted. Interestingly enough, this new way of describing rates will […]