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Money MagazineMoney Magazine

Money Magazine April 2019

Money magazine is Australia’s longest-running, highest-selling and most-read personal finance magazine. Money magazine provides credible, independent, easy-to-understand financial advice to help its readers save money and make the most of their investments.

Country:
Australia
Language:
English
Publisher:
Rainmaker Information Pty Limited
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11 Issues

IN THIS ISSUE

access_time1 min.
letter of the month

Much has been written about people ringing their providers or banks to negotiate a better deal and save money. For those receiving prescriptions from their doctor, I suggest adding pharmacies to this list. I recently received my monthly account from my local pharmacy and when this month’s total was over $150 I took a step back and did some research. Many drugs have come off patent in recent years, and the equivalent generic drug is often substantially less than the price for PBS drugs. When I checked our non-PBS medications I found we were being charged almost double. One drug costing approximately $80 per month at my pharmacy was $50 elsewhere. I showed the pharmacist my account, with the cheaper prices attached. He said the original prices were their “everyday prices” and he…

access_time2 min.
goodbye ... and thank you

It is with a very heavy heart that I write this editor’s letter knowing that it will be the last one from me. Don’t worry: this wonderful magazine is not closing but merely going to a new home at Rainmaker. While I’ve chosen notto follow Money’s next phase I’ll always have a special spot for this brand as Money was like the perfect child – one that never gave me backchat! Regular readers would know that I only recently said goodbye to my eldest, so the timing is ironic. My daughter Nicky unexpectedly decided to move to Canberra to study at ANU. “How will she cope?” I asked myself. “Will she be happy?” “Can she survive without me?” At first I would call every day and night. Then every day and now it’s…

access_time2 min.
feedback

Careful what you wish for I was unimpressed by your March Letter of the Month. Martin’s assertion that the “tax system should treat everyone fairly and equally” is not contentious, but Labor’s policy is neither fair nor equal. Martin has escalated the proposed loss of franking credits from approximately $50,000 to $55,000. Now, I don’t know how much the couple with the SMSF (December 2018) had in their fund but Martin fails to mention that by transferring their super into an industry fund with lots of members in accumulation mode, they could bypass shadow treasurer Chris Bowen’s proposals. This policy looks more like a policy to get rid of SMSFs. Despite what Labor suggests, the proposals will not “slug the rich”. The rich will be able to use their franking credits to offset…

access_time1 min.
even if you had unlimited money, what would you never buy?

ROSS GREENWOOD Ross is Channel 9’s finance editor and Radio 2GB’s Money News host. Ross says: “A wig!” MARIA BEKIARIS Maria is Money’s deputy editor and has been at the magazine since 2001. Maria says: “A superyacht – or any yacht for that matter. As much as I love the water I’m not really a boat fan (don’t tell Paul Clitheroe). I think I’d stick to planes, trains and automobiles.” ADAM HOBILL Adam is a building designer and founder of buildingquote.com.au . Adam says: “I would never build an enormous house. A home should be a place that brings families together and nurtures relationships. Huge homes with too many rooms make it too easy for family members to become disconnected from each other’s lives.” HELEN BAKER Helen is a licensed Australian financial adviser and author of two…

access_time1 min.
money australia

EDITORIAL Chairman & chief commentator Paul Clitheroe Editor Effie Zahos Deputy Editor Maria Bekiaris Art Director Ann Loveday Designer Andrew McLagan Senior Sub-editors Bob Christensen, Debbie Duncan Senior Writers Susan Hely, Pam Walkley Online Content Producer Sharyn McCowen CONTRIBUTING WRITERS Helen Baker, Mark Chapman, Alan Deans, Nicola Field, Ross Greenwood, Adam Hobill, Greg Hoffman, Roger Montgomery, Anthony O’Brien, Marcus Padley, Vita Palestrant, Scott Phillips, Annette Sampson, Richard Scott, Phil Slade, Gaurav Sodhi, Mark Story CONTRIBUTING ARTISTS Philip Castleton, Reg Lynch, Jim Tsinganos, John Tiedemann PHOTOGRAPHS Getty Images ADVERTISING Brand Manager – Specialist Simon Park (02) 9282 8085 PRODUCTION Controller Carly Zinga Advertising Production Dominic Roy MARKETING Senior Marketing Manager Jillian Hogan Brand Manager Sarah Webster Subscriptions Jesvin Vincent, Ellie Xuereb MANAGEMENT CEO Paul Dykzeul Chief Financial Officer Andrew Stedwell Commercial Director Australia Paul Gardiner Syndication inquiries: acpsyndication@bauer-media.com.au…

access_time4 min.
in your interest

History tells us that humans have been saying “this is an interesting time to be alive” for thousands of years. But what is different for us is that literally billions of us, for the first time in history, can say this without the fear of plague or starvation just around the corner. You would hardly think so reading the flood of awful news on social media but good news has never been of much interest, so at no point in history would you hear or read about that. Watching the dramatic leaps forward in modern medicine, seemingly daily, is quite extraordinary. If they have not already affected you, or someone you love or know, they will do so soon enough. Then there are all sorts of quite incredible developments going on…

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