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.

:
Australia
言語:
English
出版社:
Rainmaker Information Pty Limited
刊行頻度:
Monthly
¥561
¥4,655
11 号

この号

1
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…

2
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…

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2
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…

1
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…

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4
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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1
$800m owing but cheques are still not in the mail

If you haven’t got your money back from the banks and AMP over the fees-for-no-service scandal, you are not alone. There is at least $800 million still to be paid out to customers. The widespread fees scandal, where financial advisers charged for advice that was not provided or not provided in full, was brought to public attention by the royal commission into misconduct in the banking, superannuation and financial services industry. Yet the pace of the refunds has been glacially slow, with only $350 million paid out so far. As the regulator, the Australian Securities and Investments Commission, says, these reviews “have been unreasonably delayed”. ASIC commissioner Danielle Press says: “We believe the institutions have failed to sufficiently prioritise and resource their reviews, particularly as ASIC advised them to commence the reviews…