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Money Magazine

Money Magazine February 2021

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.

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Rainmaker Information Pty Limited
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11 Edities

in deze editie

3 min
put your savings to the test

Not all savings accounts are created equal. Some have higher interest rates, some charge extra fees and others have “bells and whistles” to help you save more. So how do you know your money is in the right savings account? How can you make the most of the account you have? Here are some pointers to get you started. Split your accounts Do you have an everyday transaction account? The one you use when you go to the shops or to pay your weekly rent, occasional (or regular) coffee and buy stuff online? If you have more than $2000 at any given time in this account, it pays to link it to a savings account. This will attract a higher interest rate on your savings that are most likely just sitting there in…

1 min
your guide to managed funds data

The tables on these pages contain data and information to help you compare managed funds, which are pooled funds managed professionally by investment experts. Managed funds displayed in these tables are multi-sector or asset class specific. Multi-sector managed funds invest across a diversified mix of asset types spanning equities, property, bonds, cash, infrastructure, private equity and alternatives. Managed funds are normally set up as unit trusts. You may be able to invest in them directly or through a platform. These products may be recommended to you by a financial adviser. The performance results displayed are the annualised investment returns each managed fund has delivered after taking into account taxes paid by the unit trust and investment fees. Research was prepared by Rainmaker Information and for more information see www.rainmaker.com.au Source: Rainmaker Information. Data sourced as…

3 min
what’s still up for grabs

JobKeeper There’s good and bad news here. On the plus side, it is still available until March 28, 2021 at the rate of $1000 a fortnight for full-time employees and $650 for employees working less than 20 hours a week. If your business has been receiving JobKeeper, you should continue to be eligible as long as turnover remains down by 30% and you complete monthly declarations. JobMaker February 2021 heralds the start of JobMaker payments to businesses that take on new employees subject to certain conditions. JobMaker is worth $200 a week for each new employee aged below 30, or $100 weekly for new hires aged 30-35, for a maximum period of 12 months from their employment start date. Employers cannot claim both JobKeeper and JobMaker. Apprentice/trainee wage subsides If you take on a new apprentice…

7 min
destination uluru

Five things to do Walk: Uluru The best way to get up and close to Uluru is by walking around it. The self-guided base walk is about 10km and takes you around the entire rock. There are incredible ancient paintings and carvings by the Anangu people etched into Uluru. Plan to start walking early in the morning at parts of the track close as the temperature climbs. Keep in mind this is a sacred site and some areas are not to be photographed. (Tip: buy a fly face net in town as the pests are incessant.) Visit: Kata Tjuta Also known as The Olgas, Kata Tjuta is a formation of domed sandstone rocks around 40km west of Uluru and is just as spectacular. If you’re up for a challenge, the Valley of the Winds…

2 min
do you have any new money goals for 2021?

NICOLA FIELD Nicola, who writes for Money, says: “Getting smart about super is top of my money to-do list for 2021. As a self-employed freelancer, I love that I can claim my super contributions on tax. But instead of tipping in one big lump sum as part of the mad scramble at the end of each financial year, I’m setting up regular contributions to steadily grow my super savings. Dollar cost averaging, here I come!” JULIA NEWBOULD Julia, Money’s editor-at-large, says: “I want to flip my spending mindset and stop poring over shopping catalogues and lock more of my income away for big-spend items like a new bathroom with a bath. I usually set up special accounts for projects like this so I can be motivated as I get close to my goal.…

3 min
“i felt like a square peg in a round hole (but) walking away from security and stability was difficult”

Q What was your first job? I worked in the kitchen at McDonald’s. When I got the job, I presumed I’d be a “cashier chick” as there were no other women in the kitchen. Although surprised, I took it as a compliment and I was able to learn a new skill and pave a unique path. What’s the best money advice you’ve received? My parents strongly advocated that my sister and I spend within our means and not go into debt. They also encouraged us to work from the legal age of 14 years and nine months. We ended up using the money we earnt from our jobs in high school and university to pay for our university fees, taking advantage of the 10% upfront discount. Still to this day it impacts my…