Can I open a bank account in another country?

Offshore banking by Australians is entirely possible. It could be for overseas investment, higher interest-earning potential or to access foreign banking services. The process for opening an offshore bank account may differ depending on the financial institution and country in which you’re opening the account.

Interested in equities investment? Check out December's top personal loans

Personal investment loans - also known as margin loans - could be helpful when considering equities investments. Margin loans offer a way to invest in the stock market by borrowing money from a lender for the purpose of buying shares.

Stash your cash with some of the best term deposits in December 2022

The big four banks’ highest term deposit rates were significantly lower before the RBA hikes began in May. Now, the highest rates offered by the big four banks for term deposits are at least 4 per cent. These apply for domestic and international students too.

Save for new year buys with some of the best savings accounts in December 2022

Are you searching for a savings account to grow your money in the hopes of making a few new year purchases? Perhaps you’re looking to renovate your property, buy a new electric car, take a summer vacation or invest in green funds.

Can I drive a new car without insurance?

In most states, you’re required to have your compulsory third party insurance completed and paid for before you drive the car off the dealership’s lot. The only time you can possibly legally drive an uninsured car is when you have to get the vehicle registered.

What happens if my employer goes out of business while still owing me superannuation?

In the event that your employer collapses, a trustee, administrator or liquidator will be appointed to manage the company. That trustee/administrator/liquidator will be required to pay your superannuation out of company funds. However, there may be some circumstances where you cannot recover unpaid super.

How to open a superannuation account?

Most people open their first superannuation account when they enter into the workforce. This may be as a full-time, part-time or casual employee or as contractor or sole trader (self-employed). Generally, you can nominate a super fund of your choosing.

Is superannuation included in taxable income?

Superannuation (super) is a compulsory savings scheme. You do not need to report the super you’re paid when lodging your tax return each financial year. In order to understand why super is not considered taxable income, you’ll need to realise your tax obligations.

Can you withdraw a home insurance claim?

Accidents happen and sometimes the need to make a home insurance claim can arise. However, after considering your options, you may decide that you want to withdraw your request and cancel your claim. What are your options when it comes to cancelling claims?

Am I entitled to superannuation if I'm a contractor?

For most Australian workers, your employer is required to make superannuation contributions on your behalf to a super fund of your choosing. These contributions are known as the super guarantee (SG). Find out whether contractors considered employees for super purposes.