The rising cost of cybercrime

Last year, more than six million consumers – one in three Australian adults – fell victim to identity theft, credit card fraud or had their passwords compromised. This cost the Australian economy more than $2.3 billion, and, at an individual level, cost each victim an average of approximately $195 and 16.2 hours (or more than two business days) to rectify.

We explain two common traps that you should watch out for and how to protect yourself online.

Ageing and aged care in Australia

The number of people aged 65 and over in Australia is projected to more than double, to 8.8 million, over the next 40 years. This will undoubtedly increase the need for aged care in the community and put pressure on families and Government funding.

In Australia, the Government subsidises different types of aged care services to cater for older peoples’ needs and to support their carers – usually their family. This is a sensitive and complex area, and for more and more Australians is a decision they will need to make for themselves or a family member in the future. It makes sense to understand the process and plan ahead to ensure you and your family members receive the care they need, when they need it.

Money doesn't grow on trees

Money doesn't grow on trees

From the time they’re learning to crawl, parents begin teaching their children about right and wrong, personal safety, manners and morals.

It’s not just about spending

Children see their parents spend money, on one thing or another, most days. However, teaching children about important, less visible money skills such as earning, saving and investing will have a profound impact on their attitude to money in the future.

Giving children the skills to control their finances is not only beneficial to their financial wellbeing – it also contributes to the forming of their personality and unique attributes. The lessons on self-control, resourcefulness and sharing are all valuable in shaping a well-rounded, socially aware and responsible person.

Fair’s fair for blended families

A blended family can have a huge impact on your finances — whether it’s buying a home with our new partner or ongoing child support. But, one of the most important areas that is often overlooked, is the impact of a newly formed family structure on your estate plan.

One of the biggest concerns is making sure your family fortune doesn’t end up solely with your step-children and leave your children without an inheritance. A fair solution means your wishes are less likely to be challenged and your beneficiaries are left stress-free.